The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia’s invasion of the country continues.
The Bank of England has intervened in the markets with emergency action to steady the nation’s finances. The effort came after a tax cut proposal under new Prime Minister Liz Truss triggered financial chaos.
David Malpass has come under fire from environmental groups after he declined to say if he believed in the scientific consensus that climate change is man-made.
Mauricio Claver-Carone, president of Latin America’s largest development bank, was found to have violated ethics rules by investigators. US President Joe Biden’s administration has been pushing for his removal.
David Malpass refused to say if he believed in man-made climate change, the scientific consensus on the matter. Climate activists have urged US President Joe Biden to remove him.
Palestinian security forces on Tuesday exchanged fire with militants in the centre of the West Bank’s second-largest city, as angry residents pelted an armoured jeep with objects and chased it away. One man was reported dead. The incident, sparked by an arrest raid against local militants, marked a rare case…
The Bundesbank said "unfavorable developments in the gas market" would put pressure on German manufacturers, with signs of an impending recession becoming hard to ignore.
Five banks were stormed by desperate depositors in Lebanon Friday making it seven heists this week alone. Those "liberating" their money have been greeted as heroes. Banks are now regrouping.
The woman was identified as Sally Hafez by her mother, who told a local Lebanese television station that Hafez took money from her own account to treat her younger sister who has cancer.
A special Pakistani court has ordered the freezing of 13 bank accounts of companies related to Suleman Shehbaz, the younger son of Prime Minister Shehbaz Sharif, in connection with a multi-million dollars money laundering case, a media report said on Sunday.