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Colombia opens embassy in Jerusalem, restores free trade deal with Israel
JERUSALEM: Colombia opened its embassy in Jerusalem on Wednesday, becoming the 10th country to do so, as new President Abelardo de la Espriella reversed his predecessor’s break with Israel by also…
Business RecorderTurkish central bank to maintain tight monetary policy stance until price stability is achieved, governor says
ANKARA: Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy until price stability is achieved, speaking on Turkiye monetary policy and macroeconomic…
Business RecorderECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an…
Business RecorderIMF's Georgieva says US growth will not be enough to shrink debt
BANGKOK: The United States cannot grow its way out of mounting public debt and needs to make other fiscal adjustments to put its debt on a more sustainable path, International Monetary Fund Managing…
Business RecorderIMF says higher bond yields underscore urgency of fiscal consolidation
BANGKOK: The International Monetary Fund on Wednesday urged advanced economies and others to take urgent action to reduce government spending, cut deficits and reduce debt levels, warning that…
Business Recorder
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