By David Latona
SEVILLE, Spain (Reuters) -A number of wealthy creditor nations and multilateral lenders have launched an initiative that aims to give sovereign borrowers breathing space on debt payments in the event of a climate or humanitarian crisis, Spain announced on Tuesday.
The Debt Suspension Clause Alliance was launched during a U.N. conference in Seville - a once in a decade meeting aimed at furthering development finance goals and... (continue reading...)
By David Latona and Virginia Furness
LONDON (Reuters) -Spain has partnered with the World Bank to help countries free up money to spend on sustainable development projects via debt swaps, the country's Ministry of Economy said on Tuesday.
With rich governments cutting official development aid and many countries spending more on servicing debt than on development, nations are turning to creative ways to find cash to support projects ranging... (continue reading...)
MILAN (Reuters) -An Italian appeals court has fully acquitted an Italian-American consultant who had previously settled a charge of international corruption in a case related to a 2010 helicopter contract between defence company Leonardo and the Indian government.
According to the ruling reviewed by Reuters, the appeals court in the northern city of Brescia upheld a review request filed by Guido Ralph Haschke, revoking the plea bargain and acquitting him... (continue reading...)
(Reuters) -Ford Motor reported a 14.2% rise in second-quarter U.S. sales on Tuesday, driven by higher demand for its pickup trucks.
The Detroit automaker's overall sales rose to 612,095 units in the three months to June.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Sahal Muhammed)
SINTRA, Portugal (Reuters) -U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and deep rate cuts.
"We're simply taking some time," Powell said at a central bank gathering in Portugal, a day after Trump sent him a handwritten missive noting how low other central... (continue reading...)
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