Bloomberg When Sri Lankan officials arrive in Washington to meet with the International Monetary Fund (IMF) amid an economic and political crisis, the main question they’ll need to answer is how the country plans to manage its billions in debt. Sri Lanka is seeking up to $4 billion this year to help it import essentials and pay creditors. To ...

  Bloomberg The Hong Kong government confirmed that John Lee was only candidate nominated for chief executive, clearing the way for him to take power after an uncontested leadership election next month. Lee, 64, a former chief secretary for administration and police official, received 786 valid nominations from the roughly 1,500-member Election Committee that picks the city’s leader, the government ...

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...

  Bloomberg Developers responsible for building half of the new homes in the UK have committed more than 2 billion pounds ($2.6 billion) to help fix safety issues. So far 35 developers have made commitments to fix issues on buildings that are up to 30-years old, the UK department for Leveling Up, Housing and Communities said in a statement. The ...

  Bloomberg Danish inflation is higher than millennials have ever experienced in their lives. After a decade of price increases clocking in at less than 2% a year, consumers are now having to contend with a whopping 5.4% gain in March from a year earlier — a level not seen since May 1985, when the internet was in its infancy ...

  Bloomberg Spain is set to pare back its economic growth forecast due to the impact of Russia’s invasion of Ukraine, Prime Minister Pedro Sanchez said. “It’s clear that Putin’s war in Ukraine is having an impact not only on the European economy, but also on the the global one, and that there will be a downward revision in the ...

Bloomberg Investors have a clear message to China’s policy makers: more stimulus is needed, and quickly, to reignite a stalled recovery in markets. The People’s Bank of China (PBOC) decision to give lenders a modest cash boost was met with declines in equities on Monday. And with data showing consumer spending took a dive in March, weighing on sentiment, traders ...

  Bloomberg US equity futures fall on Monday, while Treasury yields rise, as a jump in energy costs highlighted inflation concerns and cracks in China’s Covid-19-afflicted economy dimmed the growth outlook. US index futures followed a decline in Asia-Pacific stocks, which were sapped by Japan and China. Markets in Australia, Hong Kong and much of Europe remain shut for Easter. ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has launched its annual Ramadan awareness campaign to raise awareness about conservation and having a sustainable and responsible lifestyle. This supports Islamic values that encourage moderation and reducing waste. During the campaign, Dewa has organised a series of virtual and physical awareness lectures to encourage the community to contribute to ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a cable of congratulations to President Bashar al-Assad of the Arab Republic of Syria on his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His HH Mohamed bin Zayed ...