FRANKFURT, Germany – The European Central Bank (ECB) Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction. Recent inflation data have come in broadly as expected, and the latest ECB staff projections confirm the previous inflation outlook. Staff see headline inflation averaging 2.5 percent…
Author: THE CONNECTING NEWSPAPER
Mandla Nxumalo, managing director of InstaCash A Nairobi-designed digital wallet service is nipping at the heels of Eswatini’s mainstream banks and telcos, proving that African expansion can be a gainful strategy for fintech startups. InstaCash, a mobile money platform, has begun to break the decades-long hold of traditional banks and telecommunications providers in Eswatini’s financial sector. Just two years after launch, the fintech developed by Kenya’s Directcore Technologies has made significant inroads into the southern African kingdom. The non-telco operator has already captured over 200,000 users, representing more than 16.67% of the country’s population and has begun to upend the…
PaBrymo and Vory Lyrics”Brothers” by PaBrymo, featuring Vory, explores themes of unity, loyalty, and the challenges of success and fame, the lyrics emphasize the bond between brothers and the importance of perseverance in achieving goals.PaBrymo & Vory – Brothers LyricsYeah yeah yeahYeah yeah yeahOh yeah yeah yeahJust usYeah yeah yeahYeah yeah yeahOh yeah yeah yeahJust usJust me and my brothersGot it out the gutter100 pack for the summerI don’t see no one above usJust me and my brothersOur life is in modestToo rich to be modestAin’t no one above usBalling like espnAt the bar trying drown out my sinsI done…
As part of a new agreement with Puma, the Britpop legend and devoted City supporter will work with the squad to design a new uniform that will be worn during a few games during the 24/25 season.Oasis, who recently get back together and shocked everyone by announcing 2025 tour dates, are commemorating the 30th anniversary of their critically acclaimed debut album, Definitely Maybe, at this time. The kit honours the instantly known album artwork in its new form.The special-edition jersey of the uniform has vivid blue side panels and a light straw base hue. It also features exquisite outlines of marine…
Marshawn Lynch, Pete Carroll and other key figures in the Seattle Seahawks’ Super Bowl XLIX loss to the New England Patriots won’t be anywhere near Gillette Stadium on Sunday when the teams play in Week 2.The Patriots will welcome back dozens of former players and coaches to Foxborough to celebrate the 10th anniversary of their championship season, however, including retired cornerback Malcolm Butler.The one-time Pro Bowler will serve as the “Keeper of the Light,” ahead of the contest, a tradition that started at last year’s home opener when legendary quarterback Tom Brady returned to Gillette Stadium for the first time.…
In response, many universities began the new academic year with a slate of new rules and guidelines that critics say dampen free speech. At New York University, for instance, a paragraph about the word “Zionism” was added to the school’s official “Guidance and Expectations on Student Conduct” on August 25. “Using code words, like ‘Zionist,’ does not eliminate the possibility that your speech violates the [Non-discrimination and Anti-harassment] Policy,” the school wrote. Meanwhile, at Case Western Reserve University in Ohio, school administrators initially announced in early August that future protests would be limited to two hours, before backtracking later in…
NYPD Commissioner Edward Caban announced Thursday he is resigning from his post helming the country’s largest police department amid a federal investigation into its nightclub enforcement, according to an internal memo obtained by News 4. Below is the full text of the memo Caban sent to the NYPD: “To the Members of the New York City Police Department: On yesterday’s solemn day of remembrance, as we came together to honor our fallen brothers and sisters, I was reminded of the unwavering dedication and resilience of the NYPD. Serving as your Commissioner has been the greatest honor of my career, and I am proud…
By Matthew Olay If you’ve never heard of the National Reconnaissance Office, you’re not alone. Established by the Defense Department in August of 1960 and tasked with the mission to “develop and operate the world’s most capable and innovative overhead reconnaissance systems to collect intelligence for US national security and to support disaster relief and humanitarian efforts,” the very existence of the NRO was kept secret by the government until it finally declassified the organization in 1992. “For a good 30 years, the NRO was very much a secret organization. You couldn’t even say whether NRO,” NRO director Chris Scolese explained…
DMac Burns presents the new single Silent Prayer. Musically it could be defined as roots reggae with indie details, while the lyrics express an inner prayer that wishes to turn the nightmare we are living into a new dream. The artist, who was born in New York and has been based in Ireland since 2022, explains: “I wrote this song before moving from the US. My wife was pregnant and I was thinking a lot about the world and what it would hold for our child: the perpetual war, the profit over everything corporate cult that runs the planet, the complete disregard…
Today, President Abdel Fattah El-Sisi held a meeting with Prime Minister, Dr. Mostafa Madbouly, to follow-up on several dossiers pertinent to government work, including the overall economic indicators and the government’s efforts to provide a conducive investment environment, particularly in the industrial sector. The President reviewed a package of facilities announced by the Ministry of Finance aimed at comprehensively developing and simplifying the tax system to improve the level of services provided to investors. The President gave directives for the accurate implementation and continuous follow-up of the package of tax facilities so as to streamline the system and build trust,…