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The Latest Breaking News from BIS

Banks face their worst losses since the 2008 crisis if inflation cannot be tamed

The Bank for International Settlements, the central bank to the world, warned unsustainable debt levels mean the global economy is not out of the woods.

Fortune

Brace For ‘Most Challenging’ Final Stage Of Achieving Price Stability: Central Banks’ Umbrella Body

The Bank for International Settlements has cautioned that central banks still have significant work ahead of them.

Zenger

Governments advised to cut public spending or raise taxes to curb inflation

Bank of International Settlements warns that economies, such as in the UK, need policies to cool price growth

The Guardian - UK

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BIS holds awareness programme on hallmarking of jewellery in Ranipet

The Chennai branch of the Bureau of Indian Standards (BIS) has organised a sensitisation-cum- awareness programme on product certification (ISI mark), management systems certification, hallmarking of gold, silver jewellery and artefacts and laboratory services at the Collectorate in Ranipet.

The Hindu

Believe in Scotland reveal dates for days of action and second independence congress

BELIEVE in Scotland (BiS) has revealed dates for two national days of action, an all groups Yes meeting, and the second…

The National (Scotland)

Union MoS visits BIS Hyderabad office

Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey visited the Bureau of Indian Standards (BIS) branch office here on Thursday and interacted with various stakeholders.

The Hindu

Relax deadlines for Quality Control Orders for import of viscose: CM to Piyush Goyal

CM urges Union Minister Piyush Goyal to direct officials to insist on Quality Control Orders (QCOs) for importing viscose and polyester fibre only after the Bureau of Indian Standards disposes of all pending applications filed by the importers seeking BIS certification to comply with QCOs

The Hindu

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SNP engage with Yes 'like never before' as Jamie Hepburn to meet representatives

THE newly appointed minister for independence Jamie Hepburn is to meet with regional representatives of Believe in Scotland’s campaign steering…

The National (Scotland)

Seagate Hit with $300 Million Fine for Shipping 7.4 Million HDDs to Huawei

Seagate to pay record fine for shipping 7.4 million hard drives to Huawei from 2020 to 2021.

Tom’s Hardware

Seagate agrees to pay US gov $300m for selling Huawei some hard drives

Seagate holds it did nothing wrong, but would rather give the gov $15m/quarter for the next five years than fight the case.

PC Gamer

US imposes $300m penalty on Seagate over Huawei shipments

WASHINGTON: United States authorities on Wednesday imposed a US$300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said.

Bangkok Post

Central banks going crypto. Is it a good idea?

Across the world, these sober institutions are exploring digital currencies — and clashing with crypto aficionados

Financial Times

Don't delay SNP special conference, grassroots campaign founder urges

A LEADING figure in the Scottish independence campaign says there should be no delay to the SNP special conference.

The National (Scotland)

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

The Guardian - AU

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Bangkok Post

Yuan jumps to fifth most traded currency

The Chinese yuan has leaped over the Australian, Canadian and Swiss currencies to become the fifth most traded currency in the world, according to the Bank for International Settlements (BIS).

Tribune News Service

Secretive chip startup may help Huawei circumvent US sanctions

When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies. Now Huawei may have a path around those restrictions.

Al Jazeera

US to move $3.5bn in Afghan assets to Swiss-based trust

Housed in the Bank for International Settlements, new Afghan Fund will be managed by a board of trustees, the US says

Reuters

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

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news in one place.

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Bangkok Post

BIS banking on CBD products for animals

Cannabis and hemp-derived cannabidiol (CBD) has the potential to boost the pet care business, following the first-ever development of new CBD-based products for animals in Thailand, says Bioscience Animal Health Plc (BIS), an animal drug and vaccine provider.

The New Daily

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The Hindu

India’s only BIS-certified flag-making unit trumped by polyester flags

Khadi Sanghas have planned a symbolic protest on July 27 against amendments to the Flag Code

Daily Record

Scots indie music legends Bis set for stage at Ayr United

The night at Cameron's Bar will see cult favourites Bis perform some of their biggest hits.

The New Daily

Alan Kohler: A recession we don’t have to have is coming, and it will be the RBA’s fault

The RBA has turned on a sixpence, from smiling benignly and welcoming some inflation to sprouting horns and bringing on a recession we didn't have to have.

The Conversation

1970s-style stagflation now playing on central bankers' minds

“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.

The Guardian - UK

Small and medium-sized firms struggling with ‘a hat-trick of hurt’

Rising fuel costs, higher wages and the surging price of imported goods and raw materials are forcing a ‘change of behaviour’

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