Bloomberg Burundian President Pierre Nkurunziza, whose 15-year rule was marked by political violence and upheaval that earned his country international pariah status, has died. He was 55. Nkurunziza suffered a heart attack on June 8, two days after playing a volleyball match, the government said. He was due to step down in August, after an election last month won by ...

Bloomberg The International Monetary Fund’s (IMF) executive board approved $5 billion of aid to Ukraine, the culmination of months of talks that grew more urgent as coronavirus pandemic struck. The Washington-based lender will disburse the first $2.1 billion loan tranche immediately, according to an emailed statement. Ukraine needs money to help cover its budget deficit, which tripled as the government ...

Bloomberg The coronavirus pandemic is splintering the world economy, and the extraordinary action needed means policy makers cannot risk a premature withdrawal of lifelines to businesses and the most vulnerable people, the OECD warned. It made the grim assessment in its quarterly outlook, where it forecast a global slump of 6% this year, more than the World Bank earlier this ...