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UN chief sees progress toward peace in Ethiopia

  Bloomberg Ethiopia’s government and Tigray forces are making progress in efforts to end a 14-month conflict, United Nations Secretary General Antonio Guterres said. “I am delighted that after over a year of armed conflict which has affected millions of people across Ethiopia and the rest of the region, there is now a demonstrable effort to make peace,” Guterres said. ...

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ECB has every reason not to act as quickly as Fed: Lagarde

  Bloomberg The European Central Bank (ECB) has “every reason” not to respond as forcefully as the Federal Reserve to soaring consumer prices, according to President Christine Lagarde. “We’re all in very different situations,” Lagarde told the France Inter radio station on Thursday in an interview. Inflation is “clearly weaker” in the euro area, while the region’s economic recovery is ...

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Citi hires 5,500 young employees in Asia, ahead of 2023 target

  Bloomberg Citigroup Inc said it has hired 5,500 young employees for its Asia businesses over the last two years, ahead of its target to recruit 6,000 by 2023, after stepping up efforts to help cushion the region from soaring youth unemployment amid the pandemic. Consumer banking operation has taken up 48% of the overall hires, followed by 31% for ...

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