November 16, 20240 Comments

‘Need a change’: Sri Lanka’s leftist win sparks hopes, bridges old divides | Elections News

Colombo, Sri Lanka – Abdul Rahuman Seyyadu Sulaiman, 56, wanted to be heard. As Sri Lankan President Anura Kumara Dissanayake left the polling station at the Abeysingharama Temple in Maradana, Colombo, on Thursday, Sulaiman called out to him, urging him to stop and listen to his grievances. The police quickly accosted Sulaiman and asked him to leave the venue. “I want [Dissanayake] to listen to the woes of my people,” Sulaiman

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November 15, 20240 Comments

Musk’s political ascendancy stirs hopes of redemption for X banks By Reuters

By Shankar Ramakrishnan and Echo Wang (Reuters) – Elon Musk’s political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire’s purchase of the social media platform X, three banking sources said. Some of the lenders in the consortium, which included Morgan Stanley (NYSE:) and Bank of America, think Musk’s emergence as a close aide to President-elect Donald Trump

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November 13, 20240 Comments

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact By Reuters

By Purvi Agarwal and Lisa Pauline Mattackal (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an annual basis. Excluding the volatile food

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