Italy's banks are wary of legal
risks they could face in lending money under a state guarantee
scheme set up to offset the impact of the coronavirus crisis,
industry sources said, potentially delaying a key measure to
prop up the ailing economy.
Commercial creditors need
to support debt relief for the poorest countries and cannot just
"free ride" on a suspension in debt payments by official
bilateral creditors, World Bank President David Malpass told the
Bank's Development Committee on Friday.
investor Riebeck-Brauerei on Friday filed a motion seeking a
vote to oust the lender's chairman Paul Achleitner at this
year's annual general meeting, according to a document by the
activist shareholder's lawyer.
China will step up
macroeconomic policies to offset the impact of the coronavirus
pandemic as its economy faces unprecedented challenges, the
ruling Communist Party's politburo said on Friday, state
Britain's financial watchdog
has proposed a repayment freeze for millions of consumers with
auto finance contracts, goods bought on high-cost credit, and
pawned belongings during the coronavirus pandemic.