The International Monetary Fund (IMF) has agreed to provide Sri Lanka with a $3 billion bailout as it navigates its worst economic crisis since gaining independence. The agreement, which has been in development for almost a year, is a lifeline… Read More ›
The latest indication of issues facing China’s semiconductor industry is the accusation of corruption leveled against chip tycoon Zhao Weiguo by the country’s anti-fraud watchdog. Zhao served as Tsinghua Unigroup’s chairman before stepping down. After the government invested billions of… Read More ›
After UBS saved Credit Suisse through a government-mediated rescue, which tarnished the nation’s long-held pride in its banking prowess, Switzerland awoke to a new era on Monday. An association of bank employees expressed its shock at the potential outcomes of… Read More ›
Finally receiving approval from the IMF for a $3 billion rescue package for Sri Lanka, the island nation can now restructure its debt and expect economic growth in 2024. The IMF’s decision will allow for the immediate disbursement of a… Read More ›
manageria.biz 