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UK’s Rwanda asylum seeker policy is lawful, judges rule

  Bloomberg The UK government’s flagship immigration policy plan to deport asylum seekers to Rwanda is lawful, London judges ruled. The plan, which involves flying asylum seekers arriving in Britain some 4,000 miles (6,437.4 kilometres) to the African nation to be processed according to Rwandan laws, spurred several legal challenges from human rights campaigners. The government has consistently backed the ...

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HDFC sets target to issue one million credit cards a month

  Bloomberg India’s largest private bank HDFC Bank Ltd is seeking to issue a million credit cards a month, a remarkable bounce-back for the lender after the country’s regulator banned it from taking on new card clients two years ago. The bank wants to double the current pace of half a million new credit card issuances every month, according to ...

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Bonus curbs led to higher pay for top bankers: BOE

Bloomberg Limits on banker bonuses led to pay rising for top British financiers, according to a study by the Bank of England (BOE) released as part of the UK’s plans to abolish the rules. The restrictions, designed to curb risky behaviour following the 2008 financial crisis, have meant fixed salaries increased to offset the curbs — particularly the delay in ...

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