Christine Lagarde to leave ECB before the end of her 8-year term

Iranian Opposition News Outlet Got $800 Million In Debt Relief: Report Via Middle East Eye An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has ties to Saudi Arabian investors, according to a Financial Times report on Thursday. The links stem from documents related to a debt-for-equity swap that Iran International conducted in December to shore up its finances. Iran International has spent hundreds of millions of dollars since its founding in 2017 by British-Saudi investors, the FT reported. According to the report, Iran International’s parent company, Volant Media UK, has...

End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher UBS analysts identified five long-term forces likely to keep global food inflation "structurally higher" above its pre-pandemic average of about 2.5%, crushing consumer hopes that price pressures will simply fade. "While food inflation globally has fallen from the COVID peak, a new debate is emerging: is the c2.5% LT average obsolete?" London-based managing director and equity-research analyst Sreedhar Mahamkali asked in a note penned on Monday. Mahamkali and his team outlined five long-term drivers of global food inflation: 1....

Scotland's celebrated free banks were neither free nor superior.