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Competition for the ultra-wealthy and their cash

The Cayman Islands plans to open its first office in Asia in either Singapore or Hong Kong to entice hedge funds and high-net-worth folks to the territory.

Brazil’s president in public feud with central bank

Brazil’s central bank (BCB) continues to keep interest rates high despite a new economic survey forecasting cooler inflation in the country. In response, Brazil’s President Luiz Inácio Lula da Silva has criticised the BCB chief for months.

Geo-economics 25 May, 2023
China wants its money back

Hackers based in China targeted the Kenyan government in a years-long attempt to access data about the country’s debt, according to a Reuters report. China has denied involvement.

Africa (Sub-Saharan) 25 May, 2023
Facebook hit with record fine for EU data breach

Tech giant Meta has been hit with a record €1.2B ($1.3B) fine by Irish regulators and ordered to suspend all EU user data transfers to the US. The penalty is the biggest fine in EU data protection history.

Europe 24 May, 2023



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