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Japan to channel 40% of IMF SDR allocation to needier countries, doubling pledge

Author April 13, 2023

WASHINGTON – Japan has pledged to double the percentage of International Monetary Fund Special Drawing Rights monetary reserves that it will reallocate to poorer countries to 40%, Japanese Finance Minister

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Categories World News

Federal Reserve’s Kashkari says recession possible, but high inflation would be worse for the labor market

Author April 12, 2023

MINNEAPOLIS Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two

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Categories World News

Macron’s aim of EU unity on China undone by trip fallout

Author April 12, 2023

PARIS — French officials were in damage control mode on Tuesday as they tried to contain anger, division and confusion sparked by

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Categories World News

Australia tells exporters to diversify from top trade partner China

Author April 12, 2023

SYDNEY — Australia wants exporters to diversify markets and become less reliant on China, because it cannot separate economic and strategic relationships,

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Categories World News

China records world’s first human death from H3N8 bird flu — WHO

Author April 12, 2023

BEIJING — A Chinese woman has become the first person to die from a type of bird flu that is rare in

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Categories World News

IMF flashes financial risk warnings but urges continued inflation fight

Author April 12, 2023

WASHINGTON – The International Monetary Fund warned on Tuesday that lurking financial system vulnerabilities could erupt into a new crisis and slam

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Categories World News

Wind and solar hit record 12% of global power generation last year

Author April 12, 2023

LONDON – Wind and solar energy represented a record 12% of global electricity generation last year, up from 10% in 2021, a

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Categories World News

Credit Suisse rescue receives initial snub from Swiss parliament

Author April 12, 2023

BERN – Switzerland’s parliament on Tuesday failed to approve the 109 billion Swiss francs ($120.5 billion) of financial guarantees used to rescue

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Categories World News

World Bank chief says Western European countries need to help fund Ukraine reconstruction

Author April 12, 2023

WASHINGTON – The World Bank is ready to do its part in rebuilding Ukraine after the devastation of Russia’s invasion, but international

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Categories World News

Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules

Author April 11, 2023

THERANOS FOUNDER ELIZABETH HOLMES — EN.WIKIPEDIA.ORG A US JUDGE on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while

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