Queen sad over racism in palace dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
Thailand Plans ‘Pawn Shop’ Style Rescue for Hotels Hit by Covid
Bloomberg 3/11/2021 Anuchit Nguyen and Suttinee Yuvejwattana
(Bloomberg) Thailand is finalizing a rescue plan for tourism-related businesses near collapse from the pandemic that would improve their access to credit from banks wary of further bad loans.
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The Finance Ministry, Bank of Thailand and commercial banks are working on a plan allowing cash-poor companies to temporarily park their assets with lenders in exchange for credit, and reclaim them within a specified period. The aim is to keep small businesses such as hotel operators from having to liquidate distressed assets at firesale prices or go out of business because of their debts.
Libya Lawmakers Approve First Unified Government Since 2014 Bloomberg 3/10/2021 Mirette Magdy
(Bloomberg) Libyan lawmakers approved the country’s first unified government in about seven years, overcoming a major hurdle in a fragile political reconciliation that’s supposed to end almost a decade of conflict.
Lawmakers overwhelmingly backed Prime Minister Abdul Hamid Mohammed Dbeibah’s proposed transitional administration during a third joint session of the North African nation’s two rival assemblies.
The new cabinet will have to work quickly to bridge political divides and restore key services in the OPEC member that’s been in turmoil since a NATO-backed revolt ousted dictator Muammar al-Qaddafi in 2011. The country has been split between dueling eastern and western administrations since 2014.
Libya Lawmakers Approve First Unified Government Since 2014 msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Sunak’s Zeal to Repair U.K. Finances Swims Against Global Tide Bloomberg 2/03/2021 Reed Landberg, Lizzy Burden and William Shaw
(Bloomberg) Chancellor of the Exchequer Rishi Sunak’s determination to bring Britain’s public finances under control marks a very different tone from the global consensus for uninhibited crisis spending.
In a prelude to his annual budget on Wednesday, the finance minister gave a series of interviews to warn about future tax increases and spending cuts that will be needed to offset 300 billion pounds ($418 billion) of aid handed out since the coronavirus pandemic struck, even as the U.K. stays frozen in its third national lockdown.