Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that punishing US sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply the full weight of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation.
ICICI Bank Ltd.’s profit climbed in the second quarter, backed by strong demand for retail loans in the world’s most populous economy.
Food and medical supplies began crossing into Gaza from Egypt for the first time since the Israel-Hamas war erupted two weeks ago, addressing a key demand of US, European and Arab leaders as the humanitarian situation in the besieged territory worsens. Opening the border may allow foreigners to leave the enclave, although the US embassy earlier warned conditions would be “chaotic.”
U.S. and Israeli officials looking to the future of the Gaza Strip after dislodging Hamas have begun discussing possibilities, including potentially installing an interim government backed by the United Nations and with the involvement of Arab governments, people familiar with US government deliberations said.
Prime Minister Rishi Sunak is considering stamp duty reductions and other tax cuts for top earners after the Conservative Party’s latest by-election defeats, according to newspaper reports.
India’s central bank approved the appointment of veteran banker Ashok Vaswani as the new chief executive officer of Kotak Mahindra Bank, ending one of the most anticipated announcements on billionaire Uday Kotak’s successor.
Four years ago Nawaz Sharif left Pakistan, dodging a jail sentence on health grounds as ties with the powerful military soured. Now, the three-time former premier is back amid speculation his allies brokered a deal with the generals for his return to politics.
The Del Vecchio family’s investment company “has never been an activist” shareholder and has a long-term commitment as an investor in Mediobanca SpA, its chairman said in an interview with Italian newspaper Sole 24 Ore.
Kotak Mahindra Bank Ltd. said India’s central bank has approved the appointment of Ashok Vaswani as its next chief executive officer and managing director, succeeding interim CEO Dipak Gupta.
Food and medical supplies began crossing into Gaza from Egypt for the first time since the Israel-Hamas war erupted two weeks ago, addressing a key demand of US, European and Arab leaders as the humanitarian situation in the besieged territory worsens. Opening the border may allow foreigners to leave the enclave, although the US embassy earlier warned conditions would be “chaotic.”
