(Bloomberg) — Chile’s central bank sees its policy outlook largely unchanged by a drop in the peso and the potential inflation impact from recent devastating floods, the institution’s vice president said in an interview.
Pakistan is drawing up a strategy to reduce power tariff after nationwide protests against rising electricity bills over the weekend, a move that was agreed with the International Monetary Fund for a $3 billion bailout.
A rally in emerging markets faded as doubts over China’s commitment to revive its faltering economy and confusion over the US Federal Reserve’s next steps kept sentiment in check.
(Bloomberg) — Sweden’s Riksbank will probably have to run a tight monetary policy for a “fairly long time,” even as price increases are showing signs of slowing down, Deputy Governor Martin Floden said.
Credit Bank Plc plans to raise one billion shillings ($6.89 million) on the Nairobi Securities Exchange, in what would be the bourse’s first initial public offering since 2014.
Greece’s Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip Erdogan are planning to meet on the sidelines of the United Nations general assembly in New York this September.
Israel’s latest attempt to forge fresh alliances in the Arab world hit a stumbling block in Libya, sparking criticism at home and prompting anti-government protests and the suspension of the North African nation’s top diplomat.
German Chancellor Olaf Scholz’s ruling coalition resolved its latest dispute, sealing a deal that unblocks €6.5 billion ($7 billion) in corporate tax relief as well as €2.4 billion in additional child benefits from 2025.
Justin Trudeau won Canada’s highest office with a pledge to find a balance between its fossil-fuel-driven economy and a more muscular plan for climate change. Eight years later, it’s still one of his biggest challenges, encapsulated by what’s happening in the Arctic.
The European Central Bank hasn’t defeated inflation and probably needs to raise interest rates again in September, according to Governing Council member Robert Holzmann.
