Haiti asks US for troops after president’s assassination

Bloomberg Haiti requested help from US troops to stabilise the country after the assassination of President Jovenel Moise plunged the Caribbean nation into political uncertainty. Prime Minister Claude Joseph confirmed Haiti had requested assistance from the US military to protect infrastructure and prepare for elections in an interview with the Associated Press. Officials from the Federal Bureau of Investigation and ...

Read More »

Pro-Zuma protests close parts of South Africa trade route

Bloomberg Violent protests in South Africa linked to the arrest of former President Jacob Zuma forced the closure of a key trade route in the country after trucks were torched and roads blocked. Parts of the N3 Toll Route, linking the province’s Durban Harbour with the nation’s economic hub of Gauteng, remain shut after trucks were set alight on the ...

Read More »

Bolsonaro accuses Brazil electoral authorities of stealing votes

Bloomberg President Jair Bolsonaro said, without providing evidence, that Brazil’s highest electoral authorities stole votes in previous elections and will do it again in the 2022 presidential contest unless congress approves his proposal to reintroduce paper ballots. The allegations are the latest in a series of unsubstantiated vote-fraud claims made by the far-right leader. They come just as opinion polls ...

Read More »

China’s central bank pivots to easing as growth risks build

Bloomberg China’s central bank cut the amount of cash most banks must hold in reserve, a move that went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery. The People’s Bank of China (PBOC) will reduce the reserve requirement ratio by 0.5 percentage point for most banks, according to a statement. That will unleash ...

Read More »

India signals tolerance for higher yields with sale of new bond

Bloomberg India’s central bank set a coupon of 6.10% for the new 10-year bond sale, higher than that of the current benchmark, signaling a slight tolerance for higher yields after months of trying to cap them at 6%. The government sold 140 billion rupees ($1.9 billion) of the new bond as part of a 260-billion rupee sale, the Reserve Bank ...

Read More »

BOE asks staff to work one day a week in office

Bloomberg The Bank of England (BOE) will ask staff to come into the office at least one day a week from September as UK companies plot the return of workers following plans to relax guidance to stay at home. Employees at the central bank will be expected to organise regular “team days” in the office, Chief Operating Officer Joanna Place ...

Read More »

Citigroup steps up hiring across Africa with bond crown in sight

Bloomberg Citigroup could add close to 100 new employees to its businesses across the African continent as it surges past rivals to reclaim the top spot in arranging debt sales in the region. The New York-based bank has already started filling roles to add muscle to its local operations in anticipation that the headcount in sub-Saharan Africa will swell by ...

Read More »

Santander plans hybrid return for some of 17,000 US staff

Bloomberg Banco Santander SA is planning to allow some of its staff in the US to work from home on a more permanent basis. While roughly 50% of the firm’s 17,000 US employees are classified as site-dependent, about 45% will be able to split their time between home and the office, Tim Wennes, who oversees the company’s US arm as ...

Read More »

Deutsche to slash Ireland jobs by half

Bloomberg Deutsche Bank AG is moving more than half of all positions out of Ireland as the German bank seeks to cut costs. The lender is shifting almost 250 roles in Dublin “to other centers around the world,” it said in a statement. However, it will add 35 front office jobs to expand the corporate banking team in Ireland’s capital, ...

Read More »

Carmakers learn to live with chip shortage

Bloomberg Automakers’ sales soared in the second quarter as consumers snapped up sport utility vehicles and pickups, but thin inventories created by the global semiconductor shortage are tempering the pace of the industry’s recovery. General Motors Co, Toyota Motor Corp and others said that their sales soared in the most recent quarter, buoyed by pent-up demand for vehicles as Americans ...

Read More »
Send this to a friend