Bloomberg Russia dismissed European Union (EU) and US outrage at the forced landing of a Ryanair Holdings Plc plane in Minsk by Belarusian authorities who arrested a journalist on board. The European Union will consider further sanctions against President Alexander Lukashenko’s administration when its leaders meet for dinner in Brussels for the start of a two-day summit. The EU was ...
Read More »Joe Biden to send Blinken to Mideast to firm up ceasefire
Bloomberg US Secretary of State Antony Blinken will travel to the Middle East, President Joe Biden said, as the US continues to try to cement a fragile cease-fire that ended renewed conflict in Gaza. Biden announced the trip in a written statement on Monday morning, tasking Blinken with building ties with both Israelis and Palestinians. Blinken will visit Jerusalem, Ramallah, ...
Read More »US to restrict economic aid to Ethiopia over Tigray war
Bloomberg The US imposed “wide-ranging†economic sanctions against Ethiopia to push the African nation led by a Nobel laureate to end violence in Tigray that has killed thousands of people and displaced hundreds of thousands more. Visas to government and military officials from Ethiopia and its neighbour Eritrea, which is also involved in the violence in Tigray, will be restricted, ...
Read More »Myanmar’s Suu Kyi vows to continue work
Bloomberg Myanmar’s detained civilian leader Aung San Suu Kyi vowed her pro-democracy political party would continue its work despite being slated for dissolution in her first public appearance since her government was overthrown in a military coup. In a message passed to her lawyers ahead of a court appearance in the capital Naypyidaw on Monday, she said the National League ...
Read More »China slams US for hyping Covid-19 source theory
Bloomberg China accused the US of promoting theories that the coronavirus escaped from a high-security lab in Wuhan, as a fresh report about sick workers at the facility prompted Beijing to reaffirm denials. “The report that you mentioned about three people getting sick, that is not true,†Foreign Ministry spokesman Zhao Lijian told a regular briefing on Monday in Beijing. ...
Read More »Credit Suisse weighs retention bonuses to stem flight of talent
Bloomberg Credit Suisse Group AG is considering special retention bonuses for top performers after the Greensill Capital and Archegos Capital Management scandals rocked the Swiss lender and set off a wave of departures. The firm’s top executives and board of directors are weighing moves to keep top performers — both junior employees and veteran rainmakers — after the incidents hit ...
Read More »ECB’s Lagarde signals no major policy shift at next month’s meeting
Bloomberg European Central Bank (ECB) President Christine Lagarde played down the possibility of a major change away from the current stimulus settings when policy makers meet next month. “It’s far too early and it’s actually unnecessary to debate longer-term issues,†Lagarde said at a news conference in Lisbon, responding to a question on whether Europe’s economic rebound may lead the ...
Read More »China’s central bank to maintain exchange rate ‘basically stable’
Bloomberg China’s central bank said it will maintain the exchange rate of the yuan at “basically stable†levels after recent comments by its officials who suggested the currency be allowed to appreciate and authorities should eventually let up on controlling it. The future trend of the exchange rate will be decided by supply and demand, as well as changes in ...
Read More »Deutsche taps Barclays’s Ross to run UK investment banking
Bloomberg Deutsche Bank AG has appointed a new head of investment banking coverage in the UK and Ireland. Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of UK investment banking and global head of media, according to a statement. Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, ...
Read More »CBZ mulls Victoria Falls stock exchange listing
Bloomberg CBZ Holdings Ltd, the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender. The firm is “actively exploring†a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer (CEO) Blessing Mudavanhu said in ...
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