Author: Solomon Alaka

Granular Data for More Equitable Financial Systems | Blog

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As financial systems evolve, so, too, must the data and tools used for oversight. Emerging technologies are transforming supervision through Supervisory Technology (Suptech) solutions, allowing for more effective and efficient oversight with improved data quality. These innovations enable data-driven approaches with unprecedented levels of granularity and quality, deepening our understanding of financial markets. Supervisors using […]

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Office of Public Affairs | Justice Department Files Statement of Interest in Support of North Carolina Church in Land Use Case

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The Justice Department filed a statement of interest Friday in support of a Christian Church in North Carolina alleging violations of federal law by the Chatham County Board of Commissioners. The Civil Rights Division filed the statement in the U.S. District Court for the Middle District of North Carolina supporting a claim by a Christian church under […]

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England Faces Surge in Child Protection Referrals Amidst System Strain and Pressure

Solomon AlakaLeave a Comment on England Faces Surge in Child Protection Referrals Amidst System Strain and Pressure

In England, approximately 1,700 children are referred daily to children’s social care services, totaling over 621,000 referrals in the year ending March 2024. This surge underscores the escalating pressures on the system, with over 83,000 children currently in care—a 4.5% increase from 2020 . The Local Government Association (LGA) attributes the rising demand to factors […]

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Nigerians Lose Over $847 Million (₦1.3 trillion) as CBEX Investment Platform Collapses: Calls Grow for Stronger Investor Protection

Solomon AlakaLeave a Comment on Nigerians Lose Over $847 Million (₦1.3 trillion) as CBEX Investment Platform Collapses: Calls Grow for Stronger Investor Protection

Thousands of Nigerians are reeling after the digital investment platform CBEX reportedly vanished with an estimated $847 million (approximately ₦1.3 trillion) from users’ accounts. The platform, which promised returns as high as 100% per month, locked users out of their accounts and halted withdrawals without prior warning. According to cryptocurrency expert Taiwo Owolabi, the total […]

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Minister Paschal Donohoe Champions Eurozone Interests at High-Stakes IMF and World Bank Meetings in Washington

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Washington, D.C. — Paschal Donohoe, Ireland’s Minister for Finance and President of the Eurogroup, is attending the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington this week, representing both Ireland and the wider euro area. These annual meetings convene global finance ministers and central bank governors to assess […]

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Russian Teen Jailed for Quoting Ukrainian Poet in Anti-War Protest

Solomon AlakaLeave a Comment on Russian Teen Jailed for Quoting Ukrainian Poet in Anti-War Protest

A court in St. Petersburg has sentenced 19-year-old Russian activist Daria Kozyreva to two years and eight months in prison for “discrediting the armed forces” after she protested the war in Ukraine by quoting a 19th-century Ukrainian poem, according to multiple independent media reports and human rights groups. Kozyreva, who began her activism in 2022—the […]

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New York Pension Fund Doubles Down on Climate Investments with $2B Boost to FTSE Index

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The New York State Common Retirement Fund (NYSCRF) has expanded its climate-focused holdings with an additional $2 billion allocation to the FTSE Russell TPI Climate Transition Index, bringing its total investment in the index fund to $4 billion. This move is part of the fund’s broader effort to build a net-zero emissions investment portfolio by […]

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Tunisian Court Sentences 40 Opposition Figures in Controversial ‘Conspiracy Case’

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A Tunisian court has sentenced 40 opposition figures to prison terms ranging from 13 to 66 years in what has been widely criticized as a politically motivated trial. The defendants, including former diplomats, journalists, and political activists, were convicted under charges of “conspiracy against the internal and external security of the state” and forming a […]

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Tesla Eyes Recovery Despite Steep Q1 Profit Drop Due to Market Uncertainty

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Tesla Inc. has pledged to recalibrate its strategic outlook after reporting a steep 71% year-over-year drop in net income for the first quarter of 2025, falling to $409 million. The electric vehicle and clean energy company also saw its earnings per share (EPS) decline by 40% to $0.27, with total revenue slipping 9% to $19.34 […]

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Vietnam’s Escalating Crackdown on Dissent: A Deepening Crisis

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Vietnam’s government has intensified its suppression of dissent, increasingly targeting ordinary citizens and activists for peacefully expressing concerns about state policies and public officials. Human Rights Watch (HRW) highlighted this alarming trend in its report titled “We’ll All Be Arrested Soon’: Abusive Prosecutions under Vietnam’s ‘Infringing of State Interests’ Law,” released today. The Weaponization of […]

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