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Sri Lanka mulls curbs to president’s powers

Bloomberg Sri Lankan lawmakers backing President Gotabaya Rajapaksa said they’re willing to consider constitutional changes submitted by his opponents, including clipping his executive powers, signaling a softer stance as the government faces public anger over rising living costs. The government “is ready to work with parliament on constitutional amendments and proposals submitted by various parties which should be published for ...

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Former Kenyan president Mwai Kibaki dies aged 90

Bloomberg Mwai Kibaki, the two-term Kenyan president who fired up the economy yet saw his legacy tainted by election-related violence, has died. He was 90. His death was announced by President Uhuru Kenyatta in a televised address. “Kibaki was a quintessential patriot, whose legacy of civic responsibility will continue to inspire generations of Kenyans long into the future,” Kenyatta said. ...

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BOJ further boosts bond buying as yields advance to policy limit

  Bloomberg The Bank of Japan (BOJ) reiterated its ultra-loose monetary policy with four days of unscheduled bond buying as the widening interest rate gap with the US puts upward pressure on bond yields and weakens yen. The move comes as Japan’s benchmark 10-year yield stayed elevated at the 0.25% upper limit of the BOJ’s tolerated trading band despite announcing ...

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