Bloomberg Sri Lanka’s government said the protesters’ violent clashes with police outside President Gotabaya Rajapaksa’s home were a threat to the revival of the tourism sector, appealing for calm amid widespread anger over surging costs and power cuts stemming from a foreign exchange crisis. “Today we have a big problem with foreign exchange. One solution is to get more ...

  Bloomberg Kenya’s Supreme Court scuttled President Uhuru Kenyatta’s push to reshape the structure of the government, effectively halting plans to hold a referendum on the proposed changes. The judgment upheld rulings by two lower courts that the president can’t seek constitutional amendments through a popular initiative, meaning Kenyatta acted illegally in spearheading the proposals. “The Constitution of Kenya Amendment ...

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda is determined to stick with targeting long-term bond yields near zero, even as it leaves him increasingly at variance with global peers and propels a depreciating exchange rate. At stake for Kuroda is the credibility of his five-year-old policy framework, designed to secure sustained 2 percent inflation. The BOJ has been ...