World Bank’s new chief wants ‘better bank’ before pushing for bigger bank
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so…
Economy
Factbox-Who are Crispin Odey and hedge fund Odey Asset Management?
(Reuters) – Odey Asset Management (OAM) is fighting for survival after a media report alleging sexual misconduct by its founder…
ECB raises inflation projections through 2025
FRANKFURT (Reuters) – The European Central Bank revised up its inflation projections for the next three years on Thursday and…
Brazil’s Lula says GDP will grow 2% or more this year
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday his country’s economy will grow at…
Uber to cease food delivery in Italy, exit Israel
AMSTERDAM (Reuters) – Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where…
Turkey to tackle inflation, follow free market rules – VP
By Nevzat Devranoglu ANKARA (Reuters) -Turkey will take steps to lower inflation and will follow free market rules as it…
ECB raises rates to 22-year high and signals more to come
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and…
Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.5% in the first three months of 2023, official data showed…
Ex-AIIB comms chief says was advised to flee China after fiery resignation
(Refiles to correct name in paragraph 15) By Laurie Chen BEIJING (Reuters) – A senior employee of the Beijing-based Asian…
Philippines says China’s Yadea to invest $1 billion in e-motorcycle plant
(Changes headline, lead and paragraphs 2, 8 and 9 to show plan is for production of electric motorcycles, not motorcycle…