On Tuesday, in a statement Sri Lanka’s Finance Minister said, Sri Lanka has approached the International Monetary Fund (IMF) for rapid financial assistance. The island nation has been embroiled in a deep financial crisis midst allegation of gross mismanagement of… Read More ›
In a significant development that once again casts a shadow on the concept of the European Union, Poland’s Constitutional Tribunal ruled that the European Court of Human Rights has no power to question its appointment of judges. The ruling by… Read More ›
On Thursday, in a tweet, Lebanese President Michel Aoun said, Alvarez & Marsal has begun a forensic audit of the Lebanon’s central bank. The tweet indicates a fresh thrust for Lebanon in its efforts to secure foreign aid midst a… Read More ›
In a statement, Boeing Co said, veteran lobbyist and political strategist Tim Keating, who helped navigate the company through its worst-ever crisis following the fatal 737 MAX crashes, has left the company. An internal memo from Boeing’s CEO Dave Calhoun to… Read More ›
On Thursday, in a significant development, European Commission president Ursula von der Leyen said the European Union is willing to discuss a US-backed proposal to waive intellectual property rights for COVID-19 vaccines. “The EU is also ready to discuss any… Read More ›
According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›
Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
In an interview to German magazine Der Spiegel, the European Union’s Economics Commissioner Paolo Gentiloni said, the EU would need around $1.63 trillion (1.5 trillion euros) to mitigate issues revolving around the coronavirus crisis. “The Eurogroup has now made proposals… Read More ›
On Wednesday, the French government hiked the expected cost of measures required to support the economy though the coronavirus crisis to $120.6 billion (110 billion euros), said French finance minister Bruno Le Maire. “We are going to go from 45… Read More ›
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
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