Bloomberg Canadian stocks posted their best week in about two months, turbocharged by an unexpected rebound in the US and domestic labour market from the depths of the coronavirus shutdowns. The S&P/TSX Composite Index jumped 2.1% to close out the week 4.4% higher, its biggest gain since the week of April 10 as Canada added jobs 290,000 jobs in May, …

CAIRO / WAM In response to a request from the Egyptian authorities, an International Monetary Fund (IMF) mission led by Uma Ramakrishnan held virtual meetings with the Egyptian authorities to discuss IMF financial support for the authorities’ policy plans to ensure macroeconomic stability and a strong economic recovery. At the end of the virtual discussions, Ramakrishnan issued the following statement. …

RIYADH / WAM The Yemeni government has called on the World Bank to increase its support to the country amid the “huge challenges” its facing as a result of the war fueled by Iranian-backed Houthis, the Covid-19 pandemic, and climate change, reported the Saudi Press Agency (SPA). Yemeni PM Maeen Abdulmalik urged the World Bank to reconsider restructuring the support being …