Filipino priest on mission in Europe to halt fossil fuel financing
Frankfurt, Germany/Manila, The PhilippinesReuters A Filipino priest is touring top European banks to demand they curtail ties with companies behind new fossil fuel projects in a region of his home country that is rich in fish and coral. But he is leaving his meetings with bankers feeling frustrated. The priest, Edwin Gariguez, and the environmentalists […]
Turkey earthquake survivors search rubble for their gold savings
Osmaniye, TurkeyReuters In the nearly-deserted centre of the southern Turkish city of Osmaniye, an elderly couple wait by the ruins of the three-story building where they lived, hoping their life savings might emerge from the debris when it is cleared. Reyhan Vural, 48, and her 59-year-old husband Metin survived the devastating 6th February quake that […]
Wow!: Solar power opens the door to banking for rural Indians
MOUSHUMI BASU, of Thomson Reuters Foundation, reports how, in remote areas suffering frequent power cuts, solar panel systems help keep banks running as they curb climate-warming emissions…
From blast to banking crisis, one woman embodies Lebanon’s complete collapse
Beirut, LebanonReuters Liliane Cheaito’s scratchy, laboured breathing went on until a nurse appeared at her hospital bed, where the 28-year-old has spent nearly every moment of the last two years in silent suffering following the Beirut port explosion of 2020. Using a suctioning machine, the nurse emptied her lungs of built-up phlegm and Cheaito’s heaving […]
Explainer – How Western sanctions target Russia
Reuters The United States, Britain and other Western nations have hit Russia with new sanctions following Russian’s invasion of Ukraine on Thursday. The European Union broadly agreed new measures, details of which were to be discussed by EU foreign ministers at an emergency session on Friday. European Commission President Ursula von der Leyen and Vice-President […]
UN warns of ‘colossal’ collapse of Afghan banking system
United NationsReuters The United Nations on Monday pushed for urgent action to prop up Afghanistan’s banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months. In a three-page report on Afghanistan’s banking and financial system seen by Reuters, […]
One month after fall of Kabul, economic crisis stalks Taliban
Reuters A month after seizing Kabul, the Taliban face daunting problems as they seek to convert their lightning military victory into a durable peacetime government. After four decades of war and the deaths of tens of thousands of people, security has largely improved, but Afghanistan’s economy is in ruins despite hundreds of billions of dollars […]
Taliban wrestle with Afghan economy in chaos, humanitarian crisis
Reuters Afghanistan’s new Taliban rulers struggled to keep the country functioning on Wednesday after the final withdrawal of U.S. forces, with foreign donors alarmed about an impending humanitarian crisis. Two weeks since the Taliban’s sweep into Kabul brought a chaotic end to 20 years of warfare, the Islamist militants have yet to name a new […]
A simple debit card can help fight human trafficking, UN banking group says
New YorkThomson Reuters Foundation Dozens of banks have signed up to a UN program to offer trafficking survivors accounts and debit cards, organizers said on Friday, providing tools they may lack if their captors stole their financial identity or ruined their credit. The banking coalition, launched during the annual General Assembly meeting of the United […]
Quick facts – Eight major hacks targeting personal data
LondonThomson Reuters Foundation Names, addresses and phone numbers of more than 100 million people were stolen in one of the largest hacks to date targeting US bank Capital One, the firm said this week. Personal data is a prized target for hackers as it can be sold on to criminals intent on using it for […]