Pointing at the scorching sun over his village in southern Zimbabwe, Simon Sibaya blames drought, rising fertilizer prices and a lack of government support for leaving 2.2 million of his fellow citizens in need of food aid.
U.K. ministers and their politically neutral officials both lobbied a parliamentary committee to shift the blame to each other for mistakes on a flagship welfare policy, according to the panel’s chairwoman.
Tanzania plans to obtain a credit rating by the end of this year, after repeated delays, before raising $750 million in a debut Eurobond sale in 2014, Finance Ministry Permanent Secretary Servacius Likwelile said.
Alice Munro, this year’s winner of the Nobel Prize in Literature, won’t travel to Stockholm in December to receive the prize, Peter Englund, permanent secretary of the Swedish Academy said in a blog posting today.
U.K. Treasury Second Permanent Secretary John Kingman was added to the panel considering candidates to replace Bank of England Governor Mervyn King as it begins interviews, an official at the Treasury said.
Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China.
Sales of Dim Sum bonds are set to rebound from a record low as China’s economy shows signs of improvement and expectations build for yuan gains, according to Fitch Ratings Ltd. and DBS Group Holdings Ltd.