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  Bloomberg Basil Rajapaksa, the former finance minister of Sri Lanka and brother of the outgoing President Gotabaya Rajapaksa, attempted to leave the country early Tuesday but was turned back by airport officials, according to a person with knowledge of the matter. People at the main international airport serving Colombo began protesting when they saw Basil Rajapaksa trying to depart, ...

Bloomberg The race to succeed Boris Johnson as UK prime minister is taking shape as two Conservative big hitters, Home Secretary Priti Patel and Transport Secretary Grant Shapps, opted out ahead of the first round of voting. Patel’s move is likely to favor Foreign Secretary Liz Truss’s bid to be the preferred candidate of the low-tax, Thatcherite wing of the ...

Bloomberg President Joe Biden and his Mexican counterpart, Andres Manuel Lopez Obrador, plan to discuss ways to expand legal migration, improve security and strengthen their shared border during a White House meeting on Tuesday. The two leaders will announce joint actions to improve infrastructure and cooperation along their almost 2,000-mile boundary, according to Biden administration officials, who briefed reporters on ...

  Bloomberg Elon Musk said Donald Trump should “sail into the sunset” rather than run for president again and predicted Florida Governor Ron DeSantis will easily beat Joe Biden if the two square off in 2024. In a series of tweets to his more than 100 million followers, Musk pointed out Trump, now 76, would be 82 by the end ...

Bloomberg Europe’s common currency edged closer toward parity with the US dollar on Tuesday as energy concerns and the risk of recession weighed on the outlook for the euro area, while risk aversion fuelled a broad rally in the greenback. The euro dropped as much as 1.3% to $1.0005, eclipsing its low from last week. The last time it was ...

  Bloomberg Chinese authorities will start repaying most of the victims in the nation’s biggest bank scam after hundreds of angry customers took to the streets again over the weekend to ratchet up pressure on the government. Clients from the four rural banks in the central province of Henan and one in Anhui will be repaid “in advance” starting Friday, ...

Bloomberg The yen falls to a fresh 24-year low after Japan’s ruling coalition expanded its majority in the upper house election, with investors interpreting the result as a quasi-referendum on the country’s super-easy monetary policy. The currency falls as much as 0.9% against the dollar, breaching the closely-watched 137 level. Bank of Japan Governor Haruhiko Kuroda reiterated that he won’t ...

Bloomberg SCB X Pcl is considering options including a sale of its asset management unit, people familiar with the matter said, amid growing industry consolidation in Southeast Asia’s second-largest economy. SCB X, formerly known as Siam Commercial Bank Pcl, has been speaking with financial advisers to explore a potential transaction for SCB Asset Management Co., the people said, asking not ...

  Bloomberg The company that built India’s digital payments backbone plans to make it cheaper and easier for the nation’s 32 million expatriates to bring their money home. Indians overseas remitted $87 billion last year, the biggest inflow for any country tracked by the World Bank. The remittances market, where it costs $13 on average to send $200 across borders, ...

Bloomberg Wall Street expects the cryptocurrency’s crash to get a whole lot worse. The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Fourty percent saw it going the other way. Bitcoin ...