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Finance

Sri Lanka parliament passes ambitious interim budget ahead of presidential election

COLOMBO (Reuters) – The Sri Lankan parliament on Wednesday passed an ambitious interim budget weeks before a presidential election, with 1.47 trillion rupees ($8.11 billion) in spending for the first four months of 2020. The interim budget, passed unanimously in the 225-member parliament, expects 745 billion rupees in government revenue in the first four months …

Finance

Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections

WASHINGTON (Reuters) – Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people. Sporting a suit and tie, Zuckerberg …

Finance

Italy’s Conte Says He Never Spoke With Trump About Russia Probe

(Bloomberg) — Italian Prime Minister Giuseppe Conte said Wednesday that he never spoke with U.S. President Donald Trump about the Russia probe, amid questions over his involvement in Trump’s Russiagate scandal. Conte repeated that Italy’s intelligence services committed no wrongdoing in meetings with U.S. Attorney General William Barr. Conte spoke at a press conference in …