Global News

International Monetary Fund (IMF) Afghanistan

IMF Halts Afghanistan from Access to Funds, Loans After Taliban’s Weekend Takeover

The International Monetary Fund (IMF) has said Afghanistan will no longer be able to access the lender’s resources, following the Taliban’s takeover of the country last weekend. An IMF spokesperson said it was due to “lack of clarity within the international community” over recognising a government in Afghanistan. Resources of over $370m (£268m) from the …

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Rolls Royce

Moody’s Cut Engine-Maker Rolls-Royce’s Credit Rating Cut to Junk

New aircraft demand is likely to recover even slower than passenger demand, and there are substantial risks that Airbus and Boeing will need to cut production rates below current levels in response. Rolls-Royce is exposed to the widebody aircraft segment which is likely to recover more slowly than the market as a whole.