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President Joe Biden's meeting with leaders of the G7 leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries - the COVID-19 pandemic, Russia and China. ....
The economic collapse in Lebanon is already one of the deepest depressions recorded in modern times, and is likely to get even worse, the World Bank said, predicting GDP would shrink this year by a further 9.5%. ....
Reuters 1 minute read World Bank President David Malpass attends the 1+6 Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo The World Bank now has $12 billion in COVID-19 vaccine financing available and will have approved vaccination financing operations in over 50 countries by the end of June, the development lender s president, David Malpass, said on Tuesday. Malpass told a joint news conference with the World Health Organization, the International Monetary Fund and the World Trade Organization that it was vital that we speed up the supply chain for vaccine distribution, including shortening the manufacturing time, approvals and allocations of doses that have already been produced. ....
Sustainable BusinessGlobal carbon pricing schemes raised $53 bln in 2020 - World Bank Susanna Twidale 1/2 The lignite (brown coal) power plant complex of German energy supplier and utility RWE is reflected in a large puddle in Neurath, northwest of Cologne, Germany, February 5, 2020. REUTERS/Wolfgang Rattay/File Photo/File Photo Read More Countries around the world raised $53 billion last year by charging firms for emitting carbon dioxide (CO2), up almost 18% from 2019 as some imposed new levies and prices in some existing schemes rose, the World Bank said in a report on Tuesday. Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system. read more ....
The International Monetary Fund will start a phased return to in-person work at its headquarters starting June 1 after more than a year of remote work due to the coronavirus pandemic, IMF spokesman Gerry Rice said on Thursday. ....