Bloomberg South African President Cyril Ramaphosa notched up another win in the leadership contest for the ruling African National Congress, after his allies secured a resounding majority of posts on party’s top decision-making structure. At least 65% of 80 additional members of the ANC’s National Executive Committee, who were elected at its December 16-20 national conference, appeared on a ...

Bloomberg Deutsche Bank AG is considering giving some of its top earners in Germany and other key markets an elevated salary increase to help offset surging inflation, while cutting bonuses for investment bankers who’ve seen weaker performance. For staff not covered by standard wage agreements, base pay is likely to rise by as much as 4% on average, people familiar ...

  Bloomberg Reserve Bank of India (RBI) Governor Shaktikanta Das warned that failing to regulate cryptocurrencies could ignite the next financial crisis and urged the adoption of a new e-Rupee for digital banking needs. “Cryptocurrency has certain huge inherent risks for our macroeconomic and financial stability,” Das said at an event in Mumbai, pointing to the implosion of FTX as ...