Tag: Economy

© Reuters. FILE PHOTO: A vendor cooks food for customers in his food cart at Galle Face Green, amid the country’s economic crisis, in Colombo, Sri Lanka, October 31, 2022. REUTERS/ Dinuka Liyanawatte/File Photo By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka unveils a budget on Monday attempting to put the South Asian government’s finances…

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Jeremy Hunt walks outside his house in London, Britain, October 18, 2022. REUTERS/Toby Melville//File Photo By William Schomberg LONDON (Reuters) -British finance minister Jeremy Hunt said he will have to raise taxes in next week’s budget plan in order to fix the public finances and soften…

© Reuters. FILE PHOTO: U.S. President Joe Biden meets with Egypt’s President Abdel Fattah el-Sisi (not pictured), in Sharm el-Sheikh, Egypt, November 11, 2022. REUTERS/Kevin Lamarque/File Photo By Nate Raymond (Reuters) -The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according…

By Marcela Ayres and Rodrigo Viga Gaier BRASÍLIA/RIO DE JANEIRO (Reuters) -An aide to Brazilian President-elect Luiz Inacio Lula da Silva wants to delay the Nov. 20 election for leader of the Inter-American Development Bank (IDB) until next year and is seeking U.S. support for the move. Former Finance Minister Guido Mantega, who is on…

Elon Musk’s takeover of Twitter continued lurching along on Thursday with the eccentric new CEO telling employees the company may have to file for bankruptcy. In addition, top executives Musk recruited to participate in a Twitter Spaces discussion with him on Wednesday, abruptly quit Thursday, according to multiple published reports. Musk told employees — or…

© Reuters. FILE PHOTO: A security worker guards an entry of the Chilean Central Bank building in downtown Santiago, Chile July 7, 2022. REUTERS/Ivan Alvarado   JPM +4.10% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value:…

© Reuters. FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico August 9, 2022. REUTERS/Henry Romero/File Photo By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico hiked its key interest rate by 75 basis points to a record 10.00%…

© Reuters. FILE PHOTO: A logo of the Polish Central Bank (NBP) is seen on their building in Warsaw, Poland, September 8, 2022. REUTERS/Kacper Pempel/File Photo WARSAW (Reuters) -The National Bank of Poland left its main interest rate unchanged at 6.75% on Wednesday, extending a pause in monetary tightening as the largest economy in the…

This day of Nov. 8, Sam Bankman-Fried will never forget it.  The young 30-year-old billionaire was just before that day considered the tutelary figure of the crypto sphere. A sort of godfather to turn to when things go wrong.  He owed this image to his tour de force during the summer to bail out and…

© Reuters. FILE PHOTO: Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) -The European Central Bank is carefully scrutinising euro zone banks’ payout plans as the outlook for the bloc’s economy sours and markets wobble, the ECB’s top supervisor Andrea Enria said on…