Bloomberg Citigroup Inc and Bank of America Corp (BofA) have done more to support the expansion of fossil-fuel companies than any other lenders claiming to target net-zero financed emissions, according to a new analysis comparing industry pledges to action. The Wall Street firms, which joined the Net Zero Banking Alliance when it was founded in April 2021, have since …

  Bloomberg Somalia’s central bank aims to replace the only high-value currency note still in use by next year to deal with counterfeit bills, excess cash in circulation and inflation. The redesigned 1,000-shilling notes will replace those printed before the civil war broke out in 1991, central bank Deputy Governor Ali Yasin Wardheere said in an interview in Mogadishu, the …

  Bloomberg China will avoid unleashing massive monetary stimulus into the economy this year as it seeks to strike a balance between boosting growth, creating jobs and maintaining price stability, a central bank deputy governor said. “We will ensure overall social demand gets powerful support. Meanwhile, the magnitude will be reasonable and appropriate and we will avoid flooding the economy …