US remains world’s top FDI recipient
IMF Blog :A Japanese automobile manufacturer builds an assembly plant in Mexico. An Italian software company opens a sales office in Kenya to reach the...
Business & Economy
WB announces $93bn to boost recovery in poorest countries
BSS, Dhaka :The World Bank (WB) has announced a US$93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to...
Russian central bank to seek ban on investment in cryptocurrencies
Reuters, Moscow :The Russian central bank wants to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto...
IMF examines extent of Lebanon’s financial sector losses
AFP, Washington :Amid ongoing talks on a new aid program, the IMF is examining data from Lebanon’s government on the scope of financial sector losses,...
Biden’s social spending bill to be delayed
AFP, Washington :US President Joe Biden admitted Thursday that he probably won’t be able to push through a massive social spending bill that is crucial...
Fashion house Chanel hires Unilever consumer goods veteran as CEO
Reuters, Paris :French fashion house Chanel named an executive from Unilever as its new global CEO on Tuesday, picking a consumer goods veteran to run...
ADB partners with John Keells Holdings to $80m in Sri Lanka
Business Desk :The Asian Development Bank (ADB) entered into an agreement with John Keells Holdings (JKH) to invest up to $80 million in Sri Lanka...
