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The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, alleging the tech giant uses conflict minerals in its products. Congo accuses Apple of complicity in war crimes, handling stolen goods, and deceptive commercial practices by sourcing minerals pillaged from Congolese mines controlled by armed groups.
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Sri Lanka's bondholders overwhelmingly supported the government's debt restructuring proposal. The plan exchanges existing bonds for new instruments. This includes a governance-linked bond with potential interest rate reductions. Sri Lanka defaulted on its foreign debt in May 2022. The nation joins Ghana, Ukraine, and Zambia in completing bond restructurings this year.
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When the companies start putting earnings, we are likely to see a lots of downgrades of earnings So, against that backdrop bank loan growth has to pick up.
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