Sri Lanka’s new president said that securing an IMF loan would take until at least September after weeks of protests and political turmoil sparked by the country’s economic crisis. Ranil Wickremesinghe, who took over as president this month after protesters forced his predecessor Gotabaya Rajapaksa to flee the country, said in a speech that finalising
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China has escalated its threats over Nancy Pelosi’s potential visit to Taiwan this week and conducted naval exercises across the region, just hours before the US House Speaker was expected to arrive in East Asia. Pelosi’s office announced that a Congressional delegation headed by the Speaker had departed on Sunday for Singapore, Malaysia, South Korea
Solidarity is often hailed in EU circles as a value underpinning the bloc. In its preamble, the treaty of the EU states that its members will strive to deepen the bond among themselves. But the wrangling over how to organise in case Russia cuts off gas supplies shows solidarity is not a given. The moment
When Steve Bannon described Brazil’s 2022 presidential election as the “most important of all time in South America”, the former Trump adviser had at his side a man as close as anyone to Brazil’s president Jair Bolsonaro — his son Eduardo. Introduced by Bannon at an event in South Dakota last year as the “third
Matt Raynor is stressed. The 53-year-old chair of Raynor Foods has recently approved a £1,200 signing-on bonus for sandwich makers; tonight he will work a six-hour picking and packing shift at the company’s Essex plant because of staff shortages. “It’s been the worst two-and-a-half years of my life, with the disruption, the chaos,” he says.
UG Investment, one of the oldest hedge funds specialising in Chinese markets, is planning to open its first office outside greater China to step up investment in south-east Asia in a move that would help it guard against the risks from any conflict between China and Taiwan. The fund, which manages assets of about $4bn,
Joe Biden has tested positive again for Covid-19, three days after announcing he was negative and resuming his in-person White House activities. The US president’s doctor, Kevin O’Connor, said Biden’s case was an example of “rebound” positivity, which sometimes occurs in patients who have taken Pfizer’s Covid-19 antiviral drug. “The president has experienced no re-emergence
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As per your requests David will take us through a review of Fibonacci Retracements – one of the most common and trusted indicators used by Forex and stock traders alike. Based on the work of an 11th century mathematician and found in many places in nature, this method has a loyal and numerous following. But
Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies. Cross-border outflows by international investors in EM stocks and domestic bonds reached $10.5bn this month according to provisional data compiled by the
For membership clubs and fine hotels, style is everything. This is especially true at The Ned NoMad, which is the newest membership club and hotel in New York City. Located at 1170 Broadway, the space was previously home to the NoMad Hotel. After the hotel closed in 2021, Membership Collective Group (MCG) took over the
Zambia’s official creditors led by China have agreed to provide debt relief to the southern African nation, paving the way for an IMF bailout and setting a precedent for how Beijing could work with other lenders to tackle the threat of a wave of defaults across emerging markets. A committee of creditors co-chaired by China
The chief executive of KPMG’s business in the United Arab Emirates has held face-to-face meetings with key clients in an attempt to shore up confidence in the firm following weeks of unrest relating to his leadership and complaints about governance. Nader Haffar, head of KPMG Lower Gulf since 2018, and other senior leaders at the
Europe’s lenders have endured a painful decade waiting for interest rates to rise. But just as central banks finally start to move, the long-awaited earnings windfall is being threatened by looming recession and fears that cash-strapped governments might hit lenders with new taxes. Last week, the European Central Bank raised interest rates for the first
Calling all enthusiasts of European and modern design: this extensively remodeled, transitional home in Portland, Oregon, features a combination of contemporary flair, traditional elements and exquisite details. Built in 1982, the 7,700-square-foot home also benefits from its location in the Dunthorpe suburb, one of the most sought-after neighborhoods in the area. Throughout the years, the
The boss of the UK’s accounting regulator has backed EY’s plan to split its audit and consulting businesses, saying the break-up would bring “distinct benefits”. Sir Jon Thompson, chief executive of the Financial Reporting Council, told the Financial Times he supported the idea of a split that would build on his watchdog’s agreement with the
We reached Javier Sempere in Alicante, Spain during the peak of his country’s preeminent festival–the Bonfires of Saint John. Held during midsummer, Alicante’s raucous lineup of parties, rituals and street dancing is the largest such bonfire bash in Spain. “The whole city is on fire tonight,” says Sempere from his recently renovated three-story home with
The customers that walk through the doors of Ramsdens pawnbrokers use the lending service in starkly different ways. “We’ve got a very good customer [with] a platinum Rolex, which is probably worth about £50,000 [or] £60,000,” said Peter Kenyon, the company’s chief executive. “He’s a builder and when his cash flow is short he gives
It wasn’t “Guernica”, said the critics, but the potato painting I made about acid rain at Elmwood Junior School circa 1988 had a primitive grace. If the fickle art world shuns it, blame the passing of that ecological horror from public discourse. Blame the Montreal Protocol and the banning of chlorofluorocarbons. So well did global
Sarina Wiegman knows how to win. As a footballer she collected a bevy of league titles and cup medals, while every team she has coached has won a championship — at least until now. On Sunday, England’s Dutch coach will attempt to keep her winning streak intact as she leads out a team chasing its