The kingdom condemns the targeting of Sidr, which was reportedly hit by unknown projectiles in the Strait of Hormuz on Monday. from BBC News https://ift.tt/RlVCy2A via IFTTT
Bangladesh Secures $1.3 Billion IMF Loan Following Exchange Rate Reform Agreement The International Monetary Fund (IMF) will disburse $1.3 billion to Bangladesh in June after finalizing its fourth review of the country’s $4.7 billion loan program. The decision follows months of stalled negotiations, primarily due to IMF demands for enhanced exchange rate flexibility, including the implementation of a crawling peg system. This release covers the fourth and fifth tranches of the loan, which had been delayed as Bangladesh worked to align with IMF reform requirements. Earlier, the South Asian nation received $2.3 billion through the first three disbursements under the program. Discussions intensified after an April review in Dhaka and subsequent talks during the IMF-World Bank Spring Meetings in Washington, D.C., where reforms to revenue management, fiscal policies, and the foreign exchange system took center stage.
General Motors has announced the immediate promotion of Duncan Aldred to President of North America. Aldred, previously serving as Vice President of Commercial Growth Strategies and Operations, will now oversee GM’s North American operations and join the company’s senior leadership team. In his expanded role, Aldred will report directly to Rory Harvey, GM’s Executive Vice President and President of Global Markets. He has been charged with sustaining GM’s sales growth, leveraging its broad vehicle lineup—spanning both internal combustion engines (ICE) and electric vehicles (EVs)—and adapting to dynamic market conditions. Harvey highlighted Aldred’s track record, including his decade-long leadership in expanding Buick and GMC, as well as his recent modernization of GM’s commercial strategies. The promotion aligns with GM’s commitment to offering customers diverse mobility solutions across its ICE and EV portfolios. Aldred expressed confidence in GM’s No...
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