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PIMCO CIO says preparing for ‘harder landing’ for global economy

PIMCO CIO says preparing for ‘harder landing’ for global economy

© Reuters. FILE PHOTO: The offices of Pacific Investment Management Co (PIMCO) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake/File Photo (Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment…

Biden proposes new measures for student loan relief after Supreme Court defeat

Biden proposes new measures for student loan relief after Supreme Court defeat

© Reuters. U.S. President Joe Biden speaks about the U.S. Supreme Court’s decision to strike down race-conscious student admissions programs at Harvard University and the University of North Carolina, during brief remarks in the Roosevelt Room at the White House i By Steve Holland and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Friday announced…

Lebanon economic crisis worsened by vested interests, IMF says

Lebanon economic crisis worsened by vested interests, IMF says

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo By Maya Gebeily BEIRUT (Reuters) -Lebanon’s financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary Fund (IMF) said on Thursday, warning that no action could…