Despite an eight-month revolt that has delayed Syria in violence and economic uncertainty, the recently opened Syrian unit of Al Baraka Bank aims to continue developing.
While new, small private banks seem to have largely escaped the worst, the Syrian …
- Economic Report: U.S. economy was the worst performing of G-7 countries in the second quarter as U.K. also reports downturnThe U.S. was the worst-performing of the major Group of Seven economies in the second quarter, the latest data show.
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- The Wall Street Journal: Samsung scion Lee Jae-yong to receive pardon from South Korea’s presidentSamsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve underpinned by expectations that the business tycoon will help propel the nation’s economy.
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- The Wall Street Journal: Meditation and wellness app Calm lays off 20% of its staffIn the memo, CEO David Ko wrote that Calm leadership had “revisited the investment thesis behind every project” before deciding to make changes that would help stabilize the business.