Bloomberg Sri Lanka needs a new elected government to provide policy stability as it faces its worst economic crisis in generations, according to the leader of the main opposition party. “It’s time for a mandate, a fresh mandate,” Sajith Premadasa of the Samagi Jana Balawegaya party said in a Bloomberg interview. “People don’t want elections, they want solutions. But ...

  Bloomberg HSBC Holdings Plc has been examining an initial public offering of its Indonesian business to tap buoyant investor demand in the world’s fourth-most populous country. Plans for a share sale in Jakarta are at an advanced stage, said people familiar with the plan, asking not to be named discussing an internal matter. It has yet to file a ...

Bloomberg The risk of stagflation isn’t causing companies to pull back on investment yet, according to the finance chiefs of some of Canada’s largest banks. “They are ramping up inventories and investing in their businesses. And that’s what’s driving the increased borrowing, whether that’s increasing utilization of lines, which we are seeing, or new borrowing with existing and new clients,” ...

  Bloomberg The Reserve Bank of India’s (RBI) expenditure surged as it tucked away more money towards a contingency fund, its annual report showed, a development economists said cut the central bank’s surplus and led to the smallest dividend payout in a decade to the government. While income rises by 20.1% in the financial year to March 2022, expenditure zoomed ...

  Bloomberg The yen’s recovery from a 20-year low is picking up pace, with options markets and analysts suggesting the rebound has some room to run. After rising over 3% from its trough, Japan’s currency may climb back to 125 as global growth worries fuel demand for havens and US yields ease, according to Shinkin Asset Management and IG Markets ...

Bloomberg Apple Inc is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry. The company is asking suppliers to assemble roughly 220 million iPhones, about the same as last year. Market forecasts have hovered closer to 240 million units, driven by an expected major update to the ...

  Bloomberg Renault SA is developing a family-sized passenger car that will run on electricity for short drives and hydrogen for longer trips as part of the company’s push into fuel-cell technology. Dubbed Scenic Vision, the vehicle will have a carbon footprint that’s 75% lower than a conventional electric vehicle because it uses mostly recycled materials, a smaller battery and ...

Bloomberg The UK’s antitrust watchdog started a new investigation of Alphabet Inc’s Google, over suspicions it may have abused its dominant position across its ad tech that goes to the heart of the tech giant’s business model. The move by the Competition and Markets Authority (CMA) opens a fresh front in its regulatory tussle with Google. The CMA said it ...

  Bloomberg Dell Technologies Inc surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the office. The shares jumped 13% to $49.58 in New York, the largest single-day rally since March 2020. Dell’s ...

WARSAW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Zbigniew Rau, Minister of Foreign Affairs of Poland, explored avenues to consolidate UAE-Polish relations in all sectors to achieve their mutual interests and benefit their peoples. This came as the UAE’s top diplomat, who is currently visiting Poland, met with his ...