A failure to secure meaningful progress on a debt relief for the world's poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated.

International Monetary Fund Managing Director Kristalina Georgieva on Thursday rebuked the British government over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be contradictory.

Elon Musk's $44 billion Twitter takeover saga comes with all the drama necessary to be immortalised in case studies for future captains of industry, as the tycoon's on-off pursuit of the social media platform and unique management style make for a union like no other.

IMF chief urges action as global recession risks rise

The Middle East and North Africa region is expected to post economic growth of 5.5% in 2022, the fastest pace since 2016, before slowing to 3.5% growth next year, the World Bank said on Wednesday.

Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound.

Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms.

Damian Willoughby was accused of sexual harassment by football finance agent Catalina Kim.

While Bandai Namco has not officially confirmed that it will release "Blue Protocol" outside Japan, there are now hints that a global release might indeed happen.

Shares in Chinese conglomerate Fosun dive on report of watchdog scrutiny

Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.

Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world's second-biggest economy amid doubts about the scandal-hit Swiss bank's plans.

Analysts argue that Cineworld's 2018 takeover of American peer Regal left it saddled with too much debt, putting it in a poor position to weather the pandemic.

When President Tayyip Erdogan's son-in-law suddenly quit as finance minister in late 2020, four staff in Turkey's leading newsrooms said they received a clear direction from their managers: don't report this until the government says so.

China's Ping An Insurance Group defended its call to spin off HSBC's Asia business, saying it cared about investment returns from its large stake in Europe's biggest bank but was not an activist investor.

A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.

Robert Pattinson is reportedly leaving the franchise after Matt Reeves completes his "The Batman" trilogy.

Japan's Olympus Corp is close to selling its microscope unit to a private equity firm in a deal that could fetch more than 300 billion yen ($2.2 billion), three people with direct knowledge of the matter told Reuters.

Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, according to two sources with direct knowledge of the matter and a document seen by Reuters.

The restructuring involves 2,000 salaried positions and 1,000 contractors mostly in the United Sta.tes, Canada and India but does not affect factory workers.

The club is looking for ways to force the player to accept lower wages.

Faced with a historic drought and threatened by desertification, Spain is rethinking how it spends its water resources.

Ukraine's creditors vote this week on a government proposal to defer payments on the war-torn country's international bonds for 24 months as Kyiv hopes to swerve a $20 billion messy default.

State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call.

HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender.

Despite being in massive debt, Barcelona managed to sign Europe's top goal scorer

The European Union on Tuesday signed up to a new international treaty for recognising and enforcing civil and commercial court rulings among its signatories to reduce costly cross-border litigation.

Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for a four-year funding programme, the prime minister said on Tuesday.

Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its financial position and liquidity.