Asian markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.. In early Asian trade, Hong Kong rose with lenders HSBC and Standard Chartered well up, while Shanghai, Singapore, Seoul, Taipei, Manila and Jakarta were also in positive territory.
The International Monetary Fund approved a $2.9 billion bailout deal for Sri Lanka on Monday, raising hopes for an easing of the island nation's dire economic crisis.. - September 1: Bailout deal - The IMF announces a four-year, $2.9 billion bailout package, conditional on a deal between the government and its creditors to restructure its borrowings.
Indian authorities extended a mobile internet blackout across a state of about 30 million people on Monday as police hunted a radical Sikh preacher.. Indian authorities frequently shut down mobile internet services, particularly in the restive northern region of Kashmir. str-ash-bb/st/jh/cwl
US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized.. The way the 2008 crisis was managed had provoked criticism, given rise to the Occupy Wall Street movement, and fuelled resentment towards banks.
Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA. Anti-corruption police on Sunday arrested two people closely linked to El Aissami: top PDVSA official Antonio Perez Suarez, and Joselit Ramirez, who manages oil industry funds through cryptocurrencies.. "Given the investigations that have begun into the serious acts of corruption in PDVSA, I have taken the decision to submit my resignation as oil minister with the aim of totally supporting, accompanying and backing this process," El Aissami wrote on Twitter.
The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears.. Western authorities have been taking an increasingly firm approach to the app, owned by the firm ByteDance, citing fears that user data could be used or abused by Chinese officials.
Northern Ireland's largest pro-UK party said Monday they oppose a crucial part of a new post-Brexit trade pact for the British province agreed by London and the European Union.. Wrangling over post-Brexit trade soured relations between London and Brussels and unsettled Northern Ireland, nearly 25 years on from a peace deal that ended three decades of armed conflict.
Conservative media tycoon Rupert Murdoch will tie the knot for the fifth time, at the age of 92 years, he said Monday in an interview with his own newspaper, the New York Post.. He and his second wife, Anna, a newspaper reporter, were together more than 30 years before divorcing in 1999.
Devastating climate impacts are hitting faster than expected as the world teeters on reaching the 1.5 degree Celsius warming limit in a little over a decade, the UN said Monday.. The level of greenhouse gas emission reductions this decade will "largely determine" whether humanity can limit global warming to two degrees Celsius since preindustrial times, or the safer 1.5C, the UN expert report said.
UN Secretary General Antonio Guterres called on wealthy countries Monday to move up their goals of achieving carbon neutrality as close as possible to 2040, mostly from 2050 now, in order to "defuse the climate time bomb.". Rich countries should commit to achieving carbon neutrality as close as possible to 2040, he said, "the limit they should all aim to respect."
