Citi Executive Backs Pause Clauses for Emerging-Market Debt
A senior banker at Citigroup Inc. said lenders need to accept so-called pause clauses to let struggling sovereign
2023-06-23 19:57
US Treasury Secretary Yellen Sees Lower US Recession Risk, Says Consumer Slowdown Needed
Treasury Secretary Janet Yellen sees diminishing risk for the US to fall into recession, and suggested that a
2023-06-23 19:46
Ukraine-Russia war – live: Drone video shows Putin troop position wiped out in huge explosion
Drone footage shows the moment a Russian troop position is completely wiped out by a bomb in a huge explosion seen miles away from the impact. The clip was published by Ukraine’s defence ministry, which did not give any further details of the drone attack, although said it was carried out by the 72nd Mechanized Brigade. Earlier, president Vladimir Putin was accused of committing war crimes “on steroids” in Russia’s invasion of Ukraine. US Republican senator Lindsey Graham also warned that the threat of the Kremlin using nuclear weapons was “real”. Speaking at a joint press conference with Democrat senator Richard Blumenthal, he said: “Senator Blumenthal and I want to put everybody in this congress on notice that the threat of a use of a nuclear device by Russia is real and the best way to deter it is to give them clarity as to what happens if they do that - they will be in a war with NATO.” Read More European Union countries agree on a new package of sanctions against Russia over the war in Ukraine Jailed Putin critic Navalny launches anti-Kremlin campaign – as new trial could keep him in prison for decades Britain backs fast-track Nato membership for Ukraine
2023-06-23 19:20
Stubborn UK Inflation Triggers a Mortgage Crisis for Millions
Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending
2023-06-23 18:15
India, UK Regulators Close to Resolving Clearing House Issue
The United Kingdom government has said that Indian clearing houses overseen by the nation’s central bank meet its
2023-06-23 17:24
Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
2023-06-23 16:29
Euro-Zone Activity Almost Stalls as Recession Rebound Fades
Economic momentum in the euro area almost came to a halt in June, signaling an end to the
2023-06-23 16:21
Turkey Demands Sweden Expel Kurd Suspects Before NATO Entry
Turkey wants Sweden to begin extraditing or expelling suspected Kurdish separatists before next month’s summit of the North
2023-06-23 15:51
Lira Extends Slump as Simsek Emphasizes Free Market Principles
Turkey’s lira extended its slide from Thursday after Treasury and Finance Minister Mehmet Simsek emphasized that he favors
2023-06-23 15:16
UK Retail Sales Rise Unexpectedly to Underline Resilient Economy
UK retail sales rose unexpectedly in May, indicating strength in the economy that the Bank of England fears
2023-06-23 14:58
El Nino’s Fierce Heat Carries New Risk of Resurgent Deadly Viruses
The return of El Niño after nearly four years is raising the specter of extreme weather, economic pain,
2023-06-23 12:50
EU Warns Twitter Must Bolster Resources Ahead of Elections
Elon Musk’s Twitter needs to put more resources toward addressing sensitive content if it wants to comply with
2023-06-23 12:47