Bloomberg Severe drought has led to millions of people needing humanitarian assistance across four regions in Ethiopia, according to the United Nations. Three failed rainy seasons have devastated livestock and crops in provinces including Afar and Oromia in the Horn of Africa nation, and about 6.8 million people will need emergency aid by the middle of the year, Unicef ...

  Bloomberg The Bank of England (BOE), one of the first movers in what looks set to be a rapid global tightening of monetary policy, this week will give a big clue about how far and fast it will move in combating inflation. Policy makers led by Governor Andrew Bailey are expected to hike interest rates to 0.5% on Thursday, ...

  Bloomberg Overseas-Chinese Banking Corp (OCBC) said it made $10.1 million in goodwill payouts to 790 customers who fell prey to an text message phishing scam impersonating the lender. About 80% of the amount lost occurred during December 23-30 festive period, at which time calls to the bank’s contact center surged by over 40%, OCBC said. A previous figure that ...