Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that…
Two fibre-optic undersea cables in the Baltic Sea were severed on Sunday and Monday, raising suspicions over a Chinese cargo vessel, which the Danish navy is currently shadowing through the Kattegat strait between Denmark and Sweden. The Chinese vessel, which departed Ust-Luga port in Russia on Friday last week and…
The hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs. US President-elect Donald Trump has picked hedge fund manager Scott Bessent to serve as Treasury secretary in a blitz of announcements after his choice for attorney general said he was withdrawing. The 62-year-old…
London, United Kingdom – On a sunny autumn day, the Hiba Express – a fast food chain in Holborn, a bustling central London neighbourhood packed with restaurants, bookstores and shops – is full of diners. Above Hiba is Palestine House, a multistorey gathering place for Palestinians and their supporters, built…
The dollar has rallied on Donald Trump’s presidential victory. Donald Trump will soon be back in the top job, and the US dollar has risen on the back of his presidential election victory. It has hit the strongest level in a year, days after he was elected. The rally makes…
The Department of Justice said Google had ‘deprived rivals’ of opportunities to expand their search engine market share. Alphabet’s Google should be forced to sell its Chrome browser and share data with competitors, prosecutors in the United States have argued, as part of a list of proposals intended to end…
Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation. Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced…
Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. On Wednesday authorities charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani…
Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant as people increasingly swap out their cable TV subscriptions for streaming platforms. Those one-time stars of Comcast’s NBCUniversal cable television networks include USA, Oxygen, E!, SYFY and the Golf Channel…
Farmers say the tax will destroy family farms and threaten food production, while the gov’t says it’s needed to raise funds. British farmers have descended on London to call on the government to scrap inheritance tax rules on land ownership, which they say will destroy family-run farms. On Tuesday, protesters…
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