Egyptian President Abdel-Fattah El-Sisi confirmed he’ll seek a third term in December elections in which the plight of the troubled economy and the impact of soaring prices on the country of 105 million people will likely take center stage.
Federal Reserve Vice Chair for Supervision Michael Barr said the US central bank is “likely at or very near” a level of interest rates that is sufficiently restrictive, echoing Chair Jerome Powell’s message that officials can proceed carefully on whether to hike again.
The boom times in Austin have been blamed for widening inequality and pushing poorer residents out of their homes. But the increased tax haul amid rising property values may help some struggling residents by funding an expansion of health-care services for the indigent.
The European Union’s climate commissioner-designate pledged to complete the bloc’s plan to reduce emissions if he’s permanently approved for the post and vowed more ambition globally on environmental issues.
Carlyle Group Inc. is retreating from bets on US consumer brands as the firm reorganizes its private equity business in the country around core sectors such as financial services and technology.
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