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Ethiopia’s Amhara region chief seeks broader force to fight rebels

Bloomberg Ethiopia’s northern Amhara province urged its adults to enlist in military and fight rebels advancing from neighbouring Tigray region, potentially intensifying the nine-month conflict. Amharans of above 18 years should fight for the “existence of the region,” Chief Administrator Agegnehu Teshager said on a regional broadcaster weeks after Tigray fighters crossed into towns in Amhara and Afar states. The ...

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UK banks prepared for negative rates in case recovery crumbles

Bloomberg Britain’s biggest financial institutions are on track to meet the Bank of England’s deadline to be ready for negative interest rates, giving authorities another tool to aid the economy if the recovery fades. Banks including Natwest Group Plc, HSBC Holdings Plc, Barclays Plc and Lloyds Banking Group Plc are close to completing the technical steps necessary to implement negative ...

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Yes Bank shares up as CEO pledges to build on profit recovery

Bloomberg Yes Bank Ltd’s top executive said the Indian lender is putting its problems behind it and will focus on earnings growth after profit surged in the first quarter. “We have been able to take care of the legacy issues,” Prashant Kumar, the bank’s chief executive officer, said in a Bloomberg TV interview on Monday. “Going forward, there will be ...

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