November 18, 20240 Comments

Sri Lanka leader reappoints Amarasuriya as PM, retains finance and defence | Elections News

President Anura Kumara Dissanayake picks a 21-member cabinet as he plans sweeping reforms, including a campaign promise of a new constitution. Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has reappointed educationist Harini Amarasuriya as the country’s prime minister after sweeping the snap parliamentary elections last week. Dissanayake on Monday picked a 21-member cabinet, retaining the key defence and finance portfolios as he plans sweeping reforms, including a campaign promise of

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November 12, 20240 Comments

Car finance industry sets aside billions for motorist claims

BBC Marcus Johnson did not know he would be paying commission on his car finance agreement Motorists who bought a car on finance could share in billions of pounds in compensation following a landmark test case. When Marcus Johnson, 34, from Cwmbran, Torfaen, bought his first car – a Suzuki Swift – in 2017, he was not informed the car dealership was being paid 25% commission, which was added on

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November 11, 20240 Comments

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany’s finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Ting Shen | Bloomberg | Getty Images German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation. “Trade controversy sees never

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November 9, 20240 Comments

BofA unpacks potential impact of US election on Consumer Finance stocks By Investing.com

Investing.com — As the U.S. election approaches, Bank of America analysts examined its potential impact on Consumer Finance stocks in a recent research memo.  The bank argued that while policy differences exist between candidates, “the health of the broader U.S. economy” will ultimately be more influential in driving sector fundamentals, particularly regarding unemployment and consumer financial health. One significant area of concern is said to be the regulatory environment surrounding mergers

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November 8, 20240 Comments

Europe cannot finance Ukraine war if Trump pulls U.S. out of the conflict, Hungary’s Orban warns

Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and Exhibition Center in Antalya, Turkiye on March 01, 2024. Emin Sansar | Anadolu | Getty Images Europe alone cannot shoulder the financial strain of supporting Ukraine against the ongoing Russian invasion, Hungarian leader Viktor Orban said Friday, warning that closely-allied President-elect Donald Trump will likely steer Washington out of the

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