DIRS.INFO The most relevant business & tech news

☆ Sri Lanka to remain on policy loosening course, next rate cut likely in August -analysts
▼ + stars: | 2023-06-02 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

Sri Lanka plunged into crisis last year as its foreign exchange reserves ran out, food and energy prices spiralled and protesting mobs forced the ouster of the country's then president. "With no inflation risk the central bank will cut rates aggresssively to push demand and target growth." The CBSL expects Sri Lanka's GDP to contract by 2% in 2023, slightly better than the 3% contraction predicted by the IMF. Five analysts backed CBSL and IMF estimates, two said Sri Lanka would perform better and one projected a steeper contraction of 4.8%. []Sri Lanka will begin rolling back import restrictions on 300-400 items from next week, as per a statement from the finance ministry which gave no further details.

Persons: CBSL, Dimantha Mathew, Kenji Okamura, Uditha Jayasinghe, Devayani, Swati Bhat, Toby Chopra Organizations: Sri, Citi Bank economists, International Monetary Fund, First, IMF, Thomson Locations: COLOMBO, Lanka's, Sri Lanka's, Sri Lanka, Colombo

Violence flared on Monday after Kosovo authorities, backed by special police units, installed ethnic Albanian mayors in offices in northern municipalities. Speaking after the meeting with Vucic, Osmani accused the Serbian leader of "whining and complaining and ... not telling the truth". But she said Kosovo could hold new elections in the north with Serb participation if they were triggered legally. Earlier in the day, neither leader had expressed any desire to meet with the other, before relenting under international pressure. Vucic said Kosovo authorities should withdraw "alleged mayors" from the north and declared the Kosovo special police units were there illegally.

Persons: Vjosa, Aleksandar Vucic, Emmanuel Macron, Olaf Scholz, Vucic, Osmani, Macron, Scholz, Mimi, Vladislav Culiomza Macron, Albin Kurti, Jens Stoltenberg, Fatos Bytyci, Ivana Sekularac, Sabine Siebold, Tassilo Hummel, Daria Sito, Edmund Blair, Daniel Wallis Organizations: EU, Kosovo, NATO, Political, REUTERS, Thomson Locations: BULBOACA, Moldova, Kosovo, Serbia, France, Germany, United States, Serbian, Belgrade, Paris, Berlin, Bulboaca, Oslo

☆ Syria's Assad boosted by return to Arab fold
▼ + stars: | 2023-05-08 | by ( Tom Perry | ) www.reuters.com time to read: +7 min

[1/3] Syria's President Bashar al-Assad addresses the new members of parliament in Damascus, Syria in this handout released by SANA on August 12, 2020. Now, as Arab states bring him back into the fold, the logic appears to have worked for him once again. In exchange for ending Syria's isolation, Arab states want action, notably towards ending trafficking of the highly-addictive and lucrative amphetamine captagon across Syria's borders towards the Gulf. The threat of a U.S. missile strike was averted when Moscow brokered a deal for Syria's chemical weapons to be destroyed by the following year. But while Assad remained a pariah to the West, Arab states which once backed his opponents began opening doors to him.

☆ Iran says there were no school poisonings, blames foreign 'enemies'
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Iran's intelligence ministry on Friday accused foreign "enemies" and dissidents of fomenting fears over suspected poisonings of schoolgirls, saying its investigation found no actual poisoning. The report accused unnamed dissidents of provoking fears to produce propaganda videos and warned of "prosecution of individuals, groups, media who accused the government ... and aligned themselves with enemies". Authorities have accused the Islamic Republic's "enemies" of using the suspected attacks to undermine the clerical establishment. The suspected poisonings began in November in the holy Shi'ite Muslim city of Qom and spread to 28 of Iran's 31 provinces, according to activist HRANA news agency, prompting some parents to take children out of school and protest. For the first time since the Islamic Revolution in 1979, schoolgirls have joined the protests that spiralled after Mahsa Amini's death in morality police custody.

☆ Morning Bid: Fresh spur from Meta and Europe's banks
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +5 min

Perhaps even more surprising, Europe's big banks are wowing the gallery too - showing limited, if any, fallout from the failure of ailing Credit Suisse at the end of the quarter. And so the glass appears half full again despite background tensions around regional U.S. banks and as wider markets brace for several weeks of a U.S. debt ceiling standoff. With Amazon reporting later, its stock rose another 2% ahead of the bell too. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The dollar was marginally weaker, with crude oil prices struggling to recover from their latest lunge lower this week.

☆ Analysis: French pension standoff causing cracks in Macron's camp, insiders say
▼ + stars: | 2023-03-30 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +7 min

With no sign of the protests abating, insiders question whether Borne's government has lost control of the political messaging necessary to appease the street. The situation has deteriorated considerably since Macron decided on March 16 to adopt the reform using special constitutional powers to bypass parliament. When asked about the divisions, the president's office said the majority of Macron's camp remained strong and united. "There are still ministers who are saying 'we should have done this or that', No!," the source lamented. An official in Borne's office said the prime minister had made efforts to preserve unity among ministers and lawmakers.

[1/2] The logo of the Swiss bank Credit Suisse is seen in Zurich, Switzerland March 20, 2023. While the nation's central bank and financial regulator publicly declared that Credit Suisse was sound, behind closed doors the race was on to rescue the nation's second-biggest bank. The Swiss National Bank declined to comment while the finance ministry did not respond to a request for comment. Battered by years of scandals and losses, Credit Suisse for months had been battling a crisis of confidence of its own making. By Wednesday, two days later, Credit Suisse was swept up in a full-blown crisis.

☆ Syria's Assad arrives in United Arab Emirates in official visit
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +3 min

[1/5] Syria's President Bashar al-Assad meets with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates March 19, 2023. Hamad Al Kaabi/UAE Presidential Court/Handout via REUTERSDUBAI, March 19 (Reuters) - Syrian President Bashar al Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit, accompanied by his wife Asma al Assad, at a time when more Arab states have signalled openness to easing the isolation of Damascus. "We held constructive talks aimed at developing relations between our two countries," Sheikh Mohammed later said in a Twitter post. The Syrian presidency said Asma al Assad, on her first known official visit abroad with Assad since 2011, would meet with Sheikha Fatima bint Mubarak who is the Emirati president's mother and regarded in the UAE as the "Mother of the Nation". Saudi Arabia, Qatar and, to a lesser extent the UAE, once backed rebels against Assad.

☆ Hundreds of elite Israeli reservists say they are joining judicial protests
▼ + stars: | 2023-03-19 | by ( Dan Williams | ) www.reuters.com time to read: +4 min

That, critics say, could foster corruption and imperil judicial independence key to Israel's economic strength and defences against attempts to isolate it internationally. Netanyahu has condemned the protests' reach into the military ranks as an attempt to subvert an institution meant to be above politics. While reservists have helped Israel prevail in previous wars, more recently it has relied on regular forces. But some units consider reservists especially valuable given their maturity and accrued skills. An air force pilot taking part in the protests told Channel 12 TV that as many as 60% of crews sent on bombing sorties in Syria are volunteer reservists.

☆ Iraqi ambush of Americans made a mockery of 'Mission Accomplished'
▼ + stars: | 2023-03-16 | by ( Michael Georgy | ) www.reuters.com time to read: +9 min

[1/5] FILE PHOTO: A U.S. soldier walks past Iraqi detainees standing behind a wired fence, at Abu Ghraib prison outside Baghdad, Iraq May 17, 2004. Arriving in the city an hour or so after the ambush on March 31, 2004, I was confronted by a crowd kicking the head of an incinerated body. I was taking notes, trying to make sense of the furore, when a boy, who was probably aged about nine, approached. HOTSPOTIn the two decades of turmoil since the invasion, Falluja repeatedly emerged as a hotspot. I saw an Iraqi douse one of the corpses with petrol, sending flames soaring into the air.

☆ Saddam Hussein fell. Then violence in Iraq spiralled
▼ + stars: | 2023-03-14 | by ( Ahmed Rasheed | ) www.reuters.com time to read: +7 min

[1/3] The site of a twin suicide bombing attack in a central market is seen in Baghdad, Iraq January 21, 2021. He took another risk in 1990-1991, when Saddam's forces invaded neighbour Kuwait, a move that turned Iraq into a pariah. A U.S.-led coalition hammered Iraqi forces and the United Nations imposed sanctions on Iraq for more than a decade. Amer went into hiding again. Amer said he is still determined to leave Iraq, two decades after U.S. troops and Iraqis pulled down a statue of Saddam Hussein in central Baghdad.

☆ Iran's Khamenei calls girls' poisoning 'unforgivable' after public anger
▼ + stars: | 2023-03-06 | by ( Parisa Hafezi | ) www.reuters.com time to read: +2 min

Over 1,000 girls have suffered poisoning since November, according to state media and officials, with some politicians blaming religious groups opposed to girls' education. The poisonings have come at a critical time for Iran's clerical rulers after months of protests since the death of a young woman held by police for flouting hijab rules. "Authorities should seriously pursue the issue of students' poisoning," Ayatollah Ali Khamenei was quoted as saying by state TV. "If it is proven deliberate, those perpetrators of this unforgivable crime should be sentenced to capital punishment." At least one boys' school has also been targeted in the city of Boroujerd, state media reported.

☆ EU releases funds, prepares aid flight for eastern Congo
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, March 4 (Reuters) - The European Union said on Saturday it is releasing over 47 million euros ($49.97 million) for humanitarian aid for Congo's North Kivu and plans to send a flight with medical supplies and food to the conflict-stricken eastern province. “The EU stands ready to mobilise all the necessary means to support humanitarian workers, including logistics and air, to meet the needs of the population in Democratic Republic of Congo," European Commissioner Janez Lenarcic said. The flight will head to Goma, the capital of North Kivu, and deliver aid including medical and nutritional supplies, the statement said. The funds will "be channelled through humanitarian partners to cover immediate needs such as nutrition, healthcare, water and sanitation, shelter and protection", the EU said. ($1 = 0.9406 euros)Reporting by Andrew Gray Editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

"Hands off the Democratic Republic of the Congo. Stop choking Africa: it is not a mine to be stripped or a terrain to be plundered," Francis said. [1/9] Pope Francis sits next to Democratic Republic of Congo's President Felix Tshisekedi as he attends the welcoming ceremony at the Palais de la Nation on the first day of his apostolic journey, in Kinshasa, Democratic Republic of Congo, January 31, 2023. The pope criticised rich countries for ignoring the tragedies unfolding in Congo and elsewhere in Africa. On Wednesday, Francis will celebrate Mass at a Kinshasa airport that is expected to draw more than a million people.

☆ Pope Francis to visit two fragile African nations
▼ + stars: | 2023-01-29 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/6] Pope Francis attends the Vespers prayer service to celebrate the conversion of St. Paul at St. Paul's Basilica in Rome, Italy. REUTERS/Guglielmo MangiapaneVATICAN CITY, Jan 29 (Reuters) - Pope Francis starts a trip on Tuesday to two fragile African nations often forgotten by the world, where protracted conflicts have left millions of refugees and displaced people grappling with hunger. Both countries are rich in natural resources - DRC in minerals and South Sudan in oil - but beset with poverty and strife. DRC is getting its first visit by a pope since John Paul II travelled there in 1985, when it still was known as Zaire. Trott, a former ambassador in South Sudan, said he hoped the three Churchmen can convince political leaders to "fulfil the promise of the independence movement".

☆ South Sudan's displaced hope pope's visit will bring peace
▼ + stars: | 2023-01-26 | by ( Waakhe Simon Wudu | ) www.reuters.com time to read: +3 min

[1/7] Pope Francis attends the Vespers prayer service to celebrate the conversion of St. Paul at St. Paul's Basilica in Rome, Italy, January 25, 2023. Pope Francis is due to go to Congo from Jan. 31 to Feb. 3 and then spend two days in South Sudan. South Sudan gained independence in 2011. There are 2.2 million internally displaced people in South Sudan and another 2.3 million have fled the country as refugees, according to the UN. The UN said 7.76 million people - about two-thirds of South Sudan - are likely to face acute food insecurity this year.

☆ Nepali groups urge FIFA to 'make things right' for migrant workers
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

Dec 15 (Reuters) - More than three dozen Nepali civil society groups on Thursday called on FIFA President Gianni Infantino to "stop looking the other way" while migrant workers are denied compensation after having "suffered abuses in Qatar", Amnesty International said. The 2022 World Cup host nation, where foreigners make up the majority of the 2.9 million population, has faced intense criticism from human rights groups over its treatment of migrant workers. In the open letter to Infantino, the Nepali organizations demanded compensation for workers who they said had suffered abuse, and families who have lost loved ones. The letter said it was "next to impossible" for migrant workers to access a compensation fund set up by Qatar to reimburse stolen wages if they had already returned to Nepal. FIFA and tournament organisers the Supreme Committee for Delivery & Legacy were not immediately available for comment.

☆ Binance CEO downplays his influence in the FTX blow-up, says 'we don't focus on smaller exchanges' when asked about Twitter spat with Sam Bankman-Fried
▼ + stars: | 2022-11-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Binance CEO Changpeng Zhao said he wasn't sparring with former FTX head Sam Bankman-Fried. "I still don't think I have that much influence," Zhao told TechCrunch, while downplaying his clout in FTX's fall. "We don't focus on other smaller exchanges," Zhao told CNBC on Thursday. The events followed a public spat between Zhao and FTX founder and Bankman-Fried, which spiralled into an explosive liquidity crisis at FTX. I think we were the last straw that broke the camel's back," Zhao told TechCrunch.

☆ President Raisi says Iran thwarted U.S. destabilisation
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +5 min

As Iranian authorities marked the anniversary this week of the seizure of the U.S. embassy in Tehran by radical students, President Joe Biden backed the protesters, saying: "We're gonna free Iran. In Syria, mass demonstrations against Iran's ally President Bashar al-Assad were confronted with force and the country spiralled into conflict which continues 11 years on. By contrast, Iranian cities were now "safe and sound", Raisi said, promising retribution for the unrest the country had seen. At least 14,170 people have been arrested, including 392 students, in protests in 136 cities and towns, and 134 universities, it said. The crisis has dragged Iran's currency to new historic lows.

And futures now assume the inflation fight will fall solely on the BoE and expect it to triple policy rates to as high as 5.8-6% next year. On Tuesday, the independent Institute for Fiscal Studies said Kwarteng needed 62 billion pounds ($68.22 billion) of spending cuts to keep public debt sustainable over time, with borrowing this year on course for 194 billion pounds and still above 100 billion by 2026/27 - over 70 billion higher than OBR forecasts in March. QE involves the purchase of mostly gilts from commercial banks in return for interest-bearing reserves at the central bank. And, unlike other major central banks, the BoE policy rate itself is the rate paid on those bank reserves. NIESR last year urged a solution to the problem whereby Treasury and central bank reduced the maturity mismatch by swapping longer-dated gilts back to Treasury to cut duration of its portfolios.

☆ Nord Stream gas 'sabotage': who's being blamed and why?
▼ + stars: | 2022-09-30 | by ( Joanna Plucinska | ) www.reuters.com time to read: +6 min

Russia's foreign ministry said on Thursday it was "unthinkable" that an investigation into ruptures on the Nord Stream 1 and 2 gas pipelines would proceed without Moscow's participation. President Vladimir Putin said on Friday the United States and its allies blew up Nord Stream. U.S. President Joe Biden said on Friday damage to Nord Stream was a deliberate act of sabotage. Map of Nord Stream pipelines and locations of reported leaksWHY SABOTAGE A PIPELINE? "They already succeeded in stopping Nord Stream 2.

☆ In Syria, mounting cholera cases pose threat across frontlines
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +3 min

First linked to contaminated water near the Euphrates river, the outbreak has now spread across the fractured nation, with cases reported in government- and rebel-controlled regions. "How am I not supposed to catch cholera with the sewage running right next to our tent?" While most of those affected will have mild or no symptoms, cholera can kill within hours if untreated, the World Health Organization website says. The first cholera cases were detected on Sept. 5 in Deir al-Zor province, before spreading to other areas including the cities of Raqqa and Hasaka, said Jawan Mustafa, health director in the Kurdish-run administration of northeastern Syria. He said there were more than 4,350 suspected cases of cholera in northeastern Syria, and 100 confirmed cases.

Search resuls for: "spiralled"

22 mentions found