Your Saturday UK Briefing: World Stage for Sunak and Liverpool
UK’s Hunt Plans Fast Access to Deposits in Cases of Bank Failure
Charting the Global Economy: US Inflation Cools; BOE Hikes Rates
ECB’s Visco Says Caution, Data-Dependency Needed on Rates
Hunt Says US Debt Impasse Poses Serious Threat for Growth
Chinese Cash Flows Into Japan’s Struggling Hot Spring Resorts
A Texas Fund That Lowers School Borrowing Costs Is Available Again to Districts
Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla
Spotify Seeks to Sublease Offices at NYC’s 4 World Trade Center
Fired ByteDance Exec Says China Exerted ‘Supreme’ Data Control
Ukraine’s Zelenskiy Arrives in Rome to Meet Prime Minister
Germany Announces Record €2.7B in Military Aid for Ukraine
US Retirement Savings Shortfall Will Cost $1.3 Trillion
Sexual Harassment Claims Spurred Shakeup Atop José Andrés’s World Central Kitchen
Dan Snyder Agrees to Sell Washington Commanders to Josh Harris-Led Group
Massive $196 Million Jewelry Auctions Set World Record in Geneva
Could AI Help Us Humans Trust Each Other More?
Paper or Plastic? That’s Not an Easy Answer Anymore
Could the Maxine Waters Lawsuit End Attack Ads?
How Normalizing Menopause Can Help Employers Retain Senior Women
Venezuela Brain Drain Enriches Panama and Other Neighbors
Too Small to Succeed Is the Problem Facing Regional Banks
Bank of Canada’s Rhys Mendes Becomes First Non-White Deputy Governor
Fed Nominees Bring Diversity and Labor-Market Expertise to Central Bank’s Leadership
Why Tesla Keeps Changing Its Prices
Bangladesh, Myanmar Order Mass Evacuations as Cyclone Mocha Nears
Istanbul Gets Caught Between Housing Crunch and Earthquake Risk
California’s Newsom Sees Budget Deficit Deepening to $32 Billion
What Congestion Pricing in NYC Will Mean
Binance to Exit Canada After Country Imposes New Crypto Rules
Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million
Bitcoin Drop Sets Up First Back-to-Back Weekly Loss Since March
Karl Lester M Yap and
Ismail Dilawar
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Pakistan’s rupee slumped to a record low as clashes broke out in the country following a court order to extend former Prime Minister Imran Khan’s detention to more than a week.
The rupee slid 1.9% to close at an all-time low of 290.22 a dollar on Wednesday, according to State Bank of Pakistan data. Dollar bonds due 2031 fell to the lowest since November on Thursday and were indicated at 33.10 cents on the dollar.