The Evening Briefing: Monday, October 26
2 min
The ECB Podcast
The ECB Podcast
European Central Bank
A cyclist’s guide to financial stability amid a pandemic
What do cycling and financial stability have in common? How has the pandemic affected the financial system and the economy? What risks lie ahead? Our host Michael Steen discusses these questions and more with economists John Fell and Tamarah Shakir, who analyse financial stability at the ECB. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 25 November 2020 and recorded on 13 November 2020. In this episode: 00:46 – What is financial stability? What financial stability is, what it has in common with cycling, financial instability during the global financial crisis. 05:59 – How has the pandemic affected financial stability? How the coronavirus crisis affected financial stability in March, how the reaction by EU and national policymakers prevented a financial crisis and why financial stability could largely be preserved. 12:05 – How has the coronavirus crisis affected businesses? What the measures taken to protect businesses and households are, how the measures have worked and helped to preserve financial stability. 17:26 – What are the challenges that lie ahead? What the risks for businesses, households and the financial system are, what we need to look out for in the future and what is being done to prevent the risks from materialising. Further reading: Financial Stability Review, November 2020 Special Feature by John Fell and Garry Schinasi in the Financial Stability Review, June 2005, pp. 117-125 European Central Bank You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more:
26 min
Daily News Brief by TRT World
Daily News Brief by TRT World
TRT World
Tuesday, December 1, 2020
*) Iran says satellite-based attack killed scientist remotely A top Iranian security official says the assassination of a nuclear scientist was carried out solely with electronic devices and without anyone present. Mohsen Fakhrizadeh's funeral was held on Monday in Tehran. The government has accused Israel of his death, with Iranian General and Chief of Security Ali Shamkhani saying it was a satellite-based attack that caught the country off-guard. *) Trump suffers another crushing defeat US President Donald Trump's hopes of overturning the results of the 2020 election appear to be fading. Two more states, Arizona and Wisconsin, have certified votes for President-elect Joe Biden. Meanwhile, Joe Biden is set to formally announce former Federal Reserve Chair Janet Yellen as his pick for Secretary of the US Treasury. *) France to rewrite controversial police security bill France has given in to days of protests over its controversial police security bill, and agreed to completely rewrite the proposal. The bill would have strengthened government surveillance tools and curbed the public's right to film police officers in action. On Saturday, tens of thousands of people held rallies across the country, saying the bill will curb freedom of the press and reduce police accountability. *) UK retailer Topshop faces closure UK retail giant Topshop is among several brands facing closure, after its parent company, The Arcadia Group, collapsed into administration, putting 13-thousand jobs at risk. Falling sales due to the pandemic have been blamed for the company's financial troubles. Arcadia is owned by British billionaire Sir Philip Green. And finally… *) Destruction of Amazon rainforest hits highest level in 12 years The destruction of Brazil's Amazon rainforest has hit its highest level in 12 years, according to Brazil's national space agency. Deforestation in the Amazon has increased by almost ten percent since last year. The area lost between July 2019 and August of this year is 11,000 square kilometres – roughly twice the size of Rio de Janeiro.
2 min
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