Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’Larry Elliott: At last G20 is showing how to fund an assault on povertyThe devastating impact of the pandemic on the world’s poorest countries has brought poverty reduction to a halt and led to a widening income gap with nations in the rich west, the World Bank has warned.In a report released to coincide with its half-yearly meeting, the Washington-based organisation said half of...
AN EV driver who travelled around the world in a record-breaking stunt revealed which country was a total nightmare. Lexie Alford hit 27 countries and six continents in the same amount of months in
SHANGHAI: China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. Beijing officials last month set a target of around
Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.]]>
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...
15 State Officials Warn Bank Of America About 'De-Banking' Of Christians Authored by Naveen Athrappully via The Epoch Times, A group of 15 financial officials from 13 states sent a notice to Bank of America, raising concerns about the institution’s “de-banking” of Christians. “We write to express our concerns over Bank of America’s troubling track record of politicized de-banking. Bank of America’s de-banking policies and practices threaten the company’s financial health, its...
UK fans estimated to have lost over £1 million since tickets went on sale and thousands have fallen victim, losing an average of £332 each.
More than £1 million could already have been lost in the UK to fraudsters pretending to offer Taylor Swift concert tickets, Lloyds has warned.
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...