Business

Mr. McEwan, a New Zealander tasked with helping the firm become profitable and further privatised from government ownership following the 2008 financial crisis, said that in a statement that it was the right time to leave as the bank was in a "much stronger financial position".

Earlier, the central bank reported breaking a five-year gold and forex reserve record as total reserves hit the $487.8 billion mark.

The development comes after senior US cybersecurity official Robert Strayer reportedly warned the UK earlier in April that it “will harm” economic and military collaboration between London and Washington if it uses the Chinese tech giant Huawei for its next-generation 5G mobile network.

On Monday, US President Donald Trump declared his decision not to reissue waivers to any country that is currently importing Iranian oil.

While Nord Stream 2 has prompted considerable opposition in the US, Poland, Ukraine, and some other countries which have described the project as a political instrument, German Chancellor Angela Merkel agrees with Russian President Vladimir Putin’s view that the issue of Nord Stream 2 should not be politicised.

The development follows the Trump White House’s announcement of the decision not to reissue waivers on Iranian oil once they expire in May in order to bring the Mideast country’s oil exports to zero.

In a win for the embattled administration of US President Donald Trump, federal regulations surrounding some of the more obscure rulings on food production in the nation may be eased, including standards on cherry pie and canned peas.

A US fast-food restaurant introduced the nation’s first cannabis-infused burger on Saturday and the $250 billion a year industry watched the successful event closely.

In its second scathing critique of a high-ranking US figure in less than a week, Pyongyang has described demands by the US national security adviser, John Bolton, for proof that North Korea is in the process of denuclearisation as “nonsense".

According to reports coming out of war-torn Yemen, a minimum of one-third of cholera cases reported in a new outbreak of the deadly disease are children under the age of five.

In what the world’s scientific community suggests is no surprise, new satellite data telemetry unequivocally supports the evidence of Earthbound weather-station thermometers in tracking the effects of global warming due to human-induced climate change on our planet.

US President Donald Trump appears to be experiencing something of a lover’s tiff, as Fox News increasingly calls the leader out for fringe opinions and factual errors.

Kristian Rouz - Qatar is buying several prime commercial properties in Times Square in the heart of New York as part of its ongoing effort to park the proceeds of its liquefied natural gas exports in safe Western assets.

The Turkish central bank is undertaking several multi-billion swap operations to boost its foreign currency reserves amid reports the transactions involved short-term borrowed money – stirring concerns of Turkey's financial sustainability among economists and investors.

Weak macroeconomic data from Germany interrupted a week of solid gains in emerging market (EM) stocks and currencies, suggesting a possible economic downturn in the Eurozone could affect the majority of developing nations across the globe.

MOSCOW (Sputnik) - The US Central Intelligence Agency has accused the Chinese technology giant of being sponsored by the country's authorities, The Times newspaper reported on Saturday, citing a source.

Earlier, Heshmatollah Falahatpisheh, the Chairman of the National Security Commission of the Iranian Parliament of the Islamic Republic of Iran, said that “there are 15 plans to take countermeasures to counteract US anti-Iranian policy that will be reviewed and approved by the National Security Commission”.

Manufacturing in the European powerhouse remains in a slump, so does factory output across the euro-area in combination with an overall decline in economic activity. This hamstrings the cautious optimism of the European Central Bank, hoping for a stabilisation of the situation.

Japanese central bankers are debating a possible downgrade in the Bank of Japan's (BOJ) economic outlook amid weak exports, sluggish domestic consumption, and rising international risks.

Citizens of India are expressing increasingly pessimistic views of their country's economic future amid an underperforming industrial sector, and stable expansion in the agricultural and commodities sectors – posing a tough re-election challenge for Prime Minister Narendra Modi.