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'They are not just numbers': Missing Beirut silo worker's family clings to hope

BEIRUT (Reuters) – Before he went missing on Aug. 4, Ghassan Hasrouty, an employee of Beirut’s giant grain silos for 38 years, thought he was working in the safest place in the city. The reinforced concrete walls and underground rooms were his shelter for many days during Lebanon’s 1975-1990 civil war. He used to tell […]

Fed’s Williams says it is important to keep 2% inflation target amid low rates: WSJ

(Reuters) – New York Fed President John Williams said on Sunday that it was important for the U.S. Federal Reserve to stick to its 2% inflation target and achieve it even as low global interest rates will likely continue, the Wall Street Journal reported. “There’s been a process of going through the stages of grief […]

IMF expedites U.S. Treasury official’s appointment to No. 2 job

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it expedited the appointment of U.S. Treasury official Geoffrey Okamoto to its No. 2 position effective March 30 as member countries struggle with the economic impacts of the coronavirus. The appointment as the IMF’s first deputy managing director thrusts Okamoto, the Treasury’s […]