By Tom Arnold LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy – attracting capital via investments from the diaspora – created the sixth-largest banking system by assets in the world relative to GDP, with deposits swelling to about 280% of annual economic output. But now […]
LONDON — British fashion school graduate Phoebe St. Leger’s dream of landing a job at a design label is on hold. Like many others in the global Class of 2020, the pandemic is clouding her career ambitions. The coronavirus forced the cancellation of her university graduating class’s final-year fashion show, removing the chance to show […]
By David Milliken and Elizabeth Howcroft LONDON (Reuters) – The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday. But Bailey said quick help was needed for companies whose operations […]
