By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far and complete an exercise to improve governance in key areas of the economy, an IMF official said on Monday. An IMF team is in Colombo until May 23 as part of regular consultations…
By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) – Britain promised Ukrainian President Volodymyr Zelenskiy long-range attack drones when he visited the country on Monday as part of European tour aimed at securing new weapons for a counteroffensive against Russia. Zelenskiy met Prime Minister Rishi Sunak at the British leader’s Chequers country residence, where the…
PARIS (Reuters) -Billionaire entrepreneur Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. Musk, the CEO of Tesla who bought social network Twitter in a $44 billion deal last year, will meet Macron at the…
By Nyasha Chingono HARARE (Reuters) – The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments,…
By Paul Lienert (Reuters) – Americans in the waning days of the COVID pandemic are keeping their combustion-engine vehicles longer, according to a new study. The average age of U.S. cars and light trucks this year climbed to a record 12.5 years, reflecting the impact of supply constraints on dealer inventories of new vehicles in…
(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing. The company said that it entered into…
By Neil Jerome Morales and Enrico Dela Cruz CEBU, Philippines (Reuters) – The Philippine central bank could pause interest rate hikes at its monetary policy meeting this week, its governor said on Monday, after inflation in April eased for a third straight month. “If you’re sure this is a permanent trend, clearly we must pause…
By Agustin Marcarian GRAN CHACO, Argentina (Reuters) – In the vast Chaco forests of northern Argentina, Noole rests from the fierce sun in the scented shade of dark carob trees on a small farm where her family grows watermelons and potatoes to eat or sell at market. For Noole, an Indigenous Pilaga, and her brother…
ZURICH (Reuters) – Novartis on Monday named the intended new board members of Sandoz, the generics business it plans to spin off to shareholders later this year. The Basel company approved the recommendations of Sandoz Chairman-designate Gilbert Ghostine for the 10 members of the board, which will start preparatory work in June. The new members…
(This May 12 story has been corrected to change the inflation-linked bonds’ outflows to $125.3 million from $268 billion in paragraph 13) By Patturaja Murugaboopathy (Reuters) – Global equity funds witnessed a fourth successive weekly outflow in the week ended May 10, hit by deadlock over the U.S. debt ceiling and lingering worries over an…
