Explainer-What is the ‘Bridgetown Initiative’ asking for at Paris summit?
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance…
Business
Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum
MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year,…
Bank of England poised to raise rates after inflation shock
By David Milliken LONDON (Reuters) -The Bank of England is set to raise interest rates for a 13th time in…
Renault Korea to manufacture EVs in city of Busan: city government
SEOUL (Reuters) – Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to…
World Bank should add disaster clauses to debt agreements- Yellen
PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements…
Factbox-Companies invest in EV battery factories in Europe
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the…
Cash-strapped Casino to sell participation in Brazil’s Assai
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in…
Japan raises view on employment in June for first time in 11 months
By Kaori Kaneko TOKYO (Reuters) – Japan’s employment trends showed “improvement recently”, the government said in its latest monthly assessment…
Swiss National Bank calls for new measures after Credit Suisse crash
By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from…
PE firm Carlyle to sell stake in India’s Delhivery for at least $86 million
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via…