In his declaration, President Poroshenko revealed more than $26 million in various bank accounts. KIEV: A luxury watch collection, millions of dollars in cash and a Picasso painting are just several items listed on Ukraine officials’ income and asset declarations, shocking a country vowing to curb corruption. Officials are required under a new law to declare their assets and income online, a requirement for the disbursement of a $1-billion (920-million-euro)... 

Washington: Britain’s decision to leave the European Union has created ‘significant uncertainty’ that will have repercussions not only for UK and Europe, but the global economy, the International Monetary Fund has warned. Representative Image. IMF spokesperson Gerry Rice said the Brexit was likely to cause a dampening of growth in the near term, and urged policy makers to act decisively while dealing with the situation. “Brexit has... 

JUBA: The world’s youngest nation, South Sudan, has cancelled its fifth independence celebrations as it struggles to end a civil war that has left thousands dead and ravaged the economy, the government said on Tuesday. The IMF has warned the economy is in ruins with soaring inflation at almost 300 per cent and the currency slumping by 90 per cent this year. “We decided not to celebrate the July 9 Independence Day, because we don’t...