IMF Says ‘Almost’ Done Lining Up Financing for Tunisian Deal
The International Monetary Fund signaled it was close to completing a financial arrangement that should allow Tunisia to secure a $1.9 billion rescue package.
Bloomberg Business
Weight-Loss Brand Jenny Craig to Close Down Operations
Jenny Craig, the weight loss and nutrition business backed by HIG Capital, will shut down after four decades of operation after failing to secure additional financing, according to an employee.
French Ruling Shoots Down Pension Referendum in Blow for Unions
France’s Constitutional Council rejected a second attempt to hold a referendum on President Emmanuel Macron’s decision to raise the retirement age to 64, as opponents are running out of options to overturn the unpopular pension reform.
Messi in Talks for $400m Saudi Deal, Telegraph Says
Saudi Arabia is preparing to offer football star Lionel Messi a $400 million annual contract to play with the Saudi Pro League this summer, the Telegraph reported.
Toronto Housing Market Roars Back With Sales, Prices Surging
Toronto’s housing market hummed back to life last month as the traditional spring selling season brought a surge in both sales and prices following last year’s record rout.
Biden’s World Bank Pick Wins Top Job, Signals Climate-Change Shift
The World Bank ratified the nomination of Ajay Banga as its next head, giving the Biden administration a chance to evolve the anti-poverty lender toward a greater focus on climate change.
Biggest Commodities Traders Doubled Profits to $77 Billion in 2022
Some of the world’s biggest commodities traders doubled their profits to around $77 billion last year as global energy prices soared following the easing of pandemic restrictions and Russia’s invasion of Ukraine.
FDIC’s McKernan Says Failed-Bank Auctions Aren’t Competitive
The Federal Deposit Insurance Corp. failed to create a level playing field for nonbank bidders pursuing First Republic Bank, according to FDIC board member Jonathan McKernan.
Russian Billionaire Timchenko Says Knowing Putin Doesn’t Make Him Ally
Russian billionaire Gennady Timchenko attacked the European Union’s decision to sanction him, saying his close ties to President Vladimir Putin don’t mean he’s an ally in the war in Ukraine.
NATO Warns That Russia Is Mapping EU, US Critical Assets
NATO’s intelligence chief said that Russia is mapping critical undersea systems and warned of a significant risk that Moscow could target infrastructure in Europe and North America.