Germany’s finance minister on Thursday welcomed a signal from China that it may drop a demand for multilateral banks to be involved in debt restructuring for poorer countries, which would remove a key roadblock to debt relief. Speaking on a visit to Washington for the International Monetary Fund and World Bank spring meetings, Christian Lindner…
The boss of Tesco (TSCO.L) on Thursday hit back at the suggestion Britain’s biggest retailer is making excessive profits as consumers struggle with a cost of living crisis. Consumer group Which? and trade union Unite were both critical of the retail profit of 2.49 billion pounds ($3.11 billion) Tesco made in its 2022-23 financial…
India’s Prime Minister Narendra Modi has raised the issue of security at diplomatic establishments in Britain during a call with his British counterpart Rishi Sunak, Modi’s office in New Delhi said on Thursday. New Delhi in recent weeks has been upset about protests and vandalism by Sikh separatists outside the Indian mission in London and elsewhere in…
Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation of gross domestic product in February, is “somewhat disappointing” even if it remains better than forecast by the BoE late last year. Pill, speaking at an online event hosted by MNI Connect, said GDP…
“I am so glad to be fighting with you, because victory is ours,” he said, shaking his fist in the air, and then he and the crowd chanted: “Power to the people.” Leaving the fanfare of cameras and well-wishers at the reinstatement ceremony behind, Pearson entered the statehouse and took his seat. On Wednesday, Pearson…
Protesters opposing President Emmanuel Macron’s unpopular plan to raise the retirement age to 64 have marched in cities and towns across France in a final show of anger before a decision on whether the measure meets constitutional standards. In Paris, as thousands marched along the designated protest route on Thursday, some protesters holding lit flares…
United States President Joe Biden has said an investigation into a trove of documents that appeared to be leaked military intelligence was “getting close” while seeking to downplay the significance of the apparent breach. “I’m not concerned about the leak. I’m concerned that it happened, but there’s nothing contemporaneous that I’m aware of that is of great…
Ghana has become the first country in the world to approve a new malaria vaccine from Oxford University, with children under the age of three in line to benefit, although it is unclear when the rollout will begin. The mosquito-borne disease kills more than 600,000 people each year, most of them children in Africa, and…
Qatar and Bahrain are resolving a years-long dispute and restoring diplomatic ties. Delegates from the two countries met on Wednesday at the headquarters of the Gulf Cooperation Council (GCC) General Secretariat in the Saudi capital, Riyadh, the countries’ foreign ministries said in separate statements. Both sides met to “enhance the Gulf unity and integration according to the…
More than 400 migrants and refugees have drowned in the Central Mediterranean during the first three months of the year, making it the deadliest quarter since 2017 on the world’s most dangerous migrant crossing, according to the United Nations. In a report released on Wednesday, the UN’s International Organization for Migration (IOM) said that between January and…
