“Risks are broadly balanced in the near term, but remain skewed to the downside beyond the next several quarters,” according to a draft communique by the IMF's main advisory committee dated Friday, which was obtained by Bloomberg News ahead of its official release later Saturday. “Rising financial
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Though dramatic and absurd, the Starbucks incident in downtown Philadelphia was following a script. Four weeks earlier, black teenagers at an IHOP in Maine were asked to pay before they received food.
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The board has been criticised for growing Conviviality through aggressive acquisitions while its financial processes remained unsophisticated. KPMG was appointed as auditor in November 2015, and signed off Conviviality's accounts until the company went bust. The Financial Reporting Council said it
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The World Bank won support from its member countries for a $13 billion capital increase, with the U.S. dropping its objection as the lender imposes measures that would potentially reduce loans to China. The boost will be accompanied by internal steps “including operational changes and effectiveness
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Greece's creditors are getting closer on a deal to ease the country's debt burden, according to Eurogroup President Mario Centeno. Greece's 86-billion euro ($106-billion) bailout program is set to run out in August, and creditors are working on finding a compromise on debt repayments that would help to
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