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Violence erupts in Sri Lanka after leader’s brother quits as PM

  Bloomberg Violence erupted in Sri Lanka after the brother of President Gotabaya Rajapaksa resigned as prime minister, with local reports saying protesters targeted the homes and properties of ruling-party lawmakers after pro-government groups attacked the demonstrators. The ancestral home of the Rajapaksa family in the southern district of Hambantota was set on fire, and police were forced to use ...

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Johnson shies away from escalating Brexit row

Bloomberg The UK’s desire to rewrite the Northern Ireland protocol was absent in detail from the Queen’s Speech, amid reports that domestic legislation is being prepared to override large chunks of the Brexit deal. While the UK repeated its warning that it will take necessary steps to address problems caused by the protocol, no named bill or signal of future ...

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Falling deposit rates in China may help banks cut loan costs

Bloomberg China’s central bank repeated a pledge to proactively address mounting economic pressure and also highlighted a drop in deposit rates, a decline that could spur banks to lower the cost of borrowing for the first time in months. The People’s Bank of China (PBOC) reaffirmed it will focus on supporting small businesses, sectors and groups hit by Covid-19 outbreaks, ...

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