Next UN climate talks are critical to plot aid for poorer nations, says incoming president

abcnews.go.com The man who will run this year’s United Nations climate talks in November views the upcoming negotiations as a key link in international efforts to curb worsening global…

Japan finance chief issues fresh warning on excessive yen moves

japantimes.co.jp Finance Minister Shunichi Suzuki said on Friday that authorities would take appropriate action against excessive currency market moves, repeating his warning to investors…

First Quantum copper mine closure halves Panama's growth

financialpost.com Panamanian officials are meeting rating firms this week to reinforce their commitment to fiscal and growth targets amid rising investor concern about the country losing its…

Bank of Canada in a bind as Fed's interest rate path grows murky

financialpost.com The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far and how fast it can move without getting a clearer sign from the Federal…

Mayors of Big Global Cities Calling for Urban Climate Finance

asiafinancial.com Leaders of dozens of the world’s biggest cities have appealed to multilateral development banks (MDBs) for funding to help them to adapt to and counter global warming.…

IMF urges Bank of Japan to tread cautiously in raising interest rates

theglobeandmail.com must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2 per cent target, the International Monetary Fund’s Japan…

Critical mineral mining is key to the green transition, but experts warn reputational risks remain

cnbc.com Mining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers,…

China building new outpost on U.S. Doorstep, leaked documents reveal

newsweek.com On a Caribbean island just 220 miles from the shore of the U.S. Virgin Islands, a black-clad Chinese security guard swept an arm at more than a thousand acres of woodland…

India's Narendra Modi focuses on economy in election push – DW

dw.com Indian Prime Minister Narendra Modi is aiming to win a third term in office in general elections that got underway on April 19. His reelection campaign focuses on economic…

World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts

zerohedge.com 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…

World Bank's Banga wants to make gains in tackling the effects of climate change, poverty and war

apnews.com There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a…

World Bank’s Banga wants to make gains in tackling the effects of climate change, poverty and war

seattletimes.com It's a full agenda for Ajay Banga as he nears the end of his first year as World Bank president.

China’s Weak Consumer Spending is Holding World Back: IMF Chief

asiafinancial.com China has been told that its weak consumer spending is holding back world growth. International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace…

The 30 Countries With The Highest Birth Rates

247wallst.com Since the mid-twentieth century, the global fertility rate has fallen by over 50%. In many countries — including Italy, Japan, Spain, and the United States — birth rates…

IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies

apnews.com The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war…

Closing Sanctions Loopholes on Russia's Energy Empire

newsweek.com As the Russian invasion of Ukraine enters its third year, tens of thousands of Ukrainians have been killed by Russia's brutality. One-fourth of Ukraine's total population…

Stock market today: Nasdaq 100 leads US futures in gains after AI chipmaker reports strong earnings overnight

aol.com None US futures made steady gains ahead of the bell Thursday. • None The Nasdaq 100 led with gains of around 0.4% after chipmaker TSMC reported strong earnings overnight. •…

World leaders have a chance to raise taxes for rich people like me. I’m begging them to take it

theguardian.com The need to tax rich people like me has never been so dire. Extreme wealth concentration in the hands of a few oligarchs is a threat to democracy the world over. Meanwhile,…

Can the IMF solve the poor world’s debt crisis?

economist.com It is now four years since the first poor countries were plunged into default because of spiralling costs from covid-19 spending and investors pulling capital from risky…

'Amazonia' Bonds Face Hurdles Amid Political Push For First-Ever Rainforest Debt

benzinga.com The Amazonia Bond proposal, which aims to raise funds for the preservation of the Amazon rainforest, is encountering skepticism and technical challenges. This initiative,…

Why Europe Must End Its 30-Year Digital Winter to Ensure Its Long-Run Future

pymnts.com In the last 30 years, Europe — defined here as the EU plus the U.K., Norway and Switzerland — has created few leading digital businesses compared to the U.S. and China. This…

Thames Water customers shouldn’t pay for its mistakes, says Jeremy Hunt; Iran oil exports hit six-year high

theguardian.com Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Thames Water must sort out its own financial problems, chancellor…

‘Hunger games’ with a purpose? Thousands are playing for food in Bangladesh

aol.com Well before the sun rises in Chapra, a small village in the northwest of Bangladesh, Mohammad Abdur Rouf is on his feet. He travels six miles to a neighboring village, where…

These 30 Countries Have Devastatingly Low Birth Rates

247wallst.com Demographic trends often have far-reaching economic and social consequences. Birth rates are no exception, and in much of the world, they have been falling for decades. As…

EU is moving to use revenue from Russians assets to help Kyiv: German finance minister

semafor.com The News Europe will seek to use revenue generated from frozen Russia assets to fund Ukraine, German Finance Minister Christian Lindner said Wednesday. Speaking at the…

Rights, Reason, Revolution: In DC at the Bitcoin Policy Summit

bitcoinmagazine.com In the whirlwind of April 2024, with Bitcoin ETFs dominating headlines and halving celebration planning in full swing, the Bitcoin Policy Summit emerged as a pivotal moment…

Inside LemFi’s play to be fintech to the Global South diaspora

techcrunch.com Inside LemFi’s play to be fintech to the Global South diaspora First, the Nigerian startup focused on migrants from Africa. Now, its target is all emerging markets The…

‘Outside of the banks’: Swiss fintech startup to help customers from struggling economies

euronews.com The Swiss fintech company nsave is developing an offshore bank account to help those from "distressed economies" secure their money from currency depreciation. A Swiss…

Billions more in overseas aid needed to avert climate disaster, say economists

theguardian.com Governments of wealthy countries must pledge hundreds of billions more in overseas aid payments channelled through the World Bank to avert the worst effects of the climate…

The Guardian view on debt and developing countries: time to offer some relief

theguardian.com Blighted by the effects of global heating, beset by food insecurity and rising poverty, and hobbled by dollar-denominated debt that leaves no fiscal room for manoeuvre, some…

Does economic data support the hype around Narendra Modi’s India?

aol.com In just a few days, India will commence the world’s largest democratic election. An estimated 960 million people in a country of 1.4 billion are eligible to vote in the…

Treasury secretary Yellen calls Iran's actions 'malign and destabilizing'

fortune.com Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East as the Biden administration said it was readying…

Zimbabwe Launches New Gold-Backed Currency Amidst Economic Turmoil

tftc.io Zimbabwe has introduced a new currency, the Zimbabwe Gold (ZiG), in an attempt to stabilize its failing economy. The currency, which debuted on April 8, has been met with…

Morning Bid: Powell dashes easing hopes, markets dented again

finance.yahoo.com A look at the day ahead in Asian markets. Investors in Asia hoping for some relief from surging U.S. bond yields and a rampant dollar would have been deflated by remarks on…

Yellen ‘Fully’ Expects Fresh Sanctions on Iran in Coming Days

youtube.com US Treasury Secretary Janet Yellen warned that the US will strengthen its sanctions on Iran within days after the nation’s recent attack on Israel. “I fully expect that we…

Saudi Arabia’s investment fund has been set an impossible task

economist.com About a decade ago, a flashy, deep-pocketed investor made an appearance. Saudi Arabia’s Public Investment Fund (PIF) had a mandate to go big, and was ready to: it picked up…

What do you do with 191bn frozen euros owned by Russia?

economist.com In economic terms, an asset has value because an owner might derive future benefits from it. Some assets, like cryptocurrencies, require a collective belief in those…

How to get rich in the 21st century

economist.com By 2050 there will be a new crop of economic powers—if things go to plan. Narendra Modi, India’s prime minister, wants his country’s GDP per person to surpass the World…

Yellen warns of more sanctions in response to Iran's increasing activity

pbs.org Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won’t…

Putin's plan to displace US Dollar failing spectacularly

newsweek.com Russian President Vladimir Putin insisted last August that a drop in the importance of the U.S. dollar was "irreversible"—but there appears to be no sign that the global…

Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions

apnews.com Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't…

Posthaste: Why Canada shouldn’t take its triple A credit rating for granted

financialpost.com But recent provincial budgets have shown how difficult keeping to such so-called fiscal anchors can be, says Rachel Battaglia, an economist with Royal Bank of Canada.…

The gap between the world’s richest and poorest countries is widening

semafor.com Semafor Signals Supported by Insights from Financial Times, Reuters, and World Bank The News Half of the world’s 75 poorest countries are facing a widening income gap with…

Treasury Department plans to impose new sanctions on Iran after Israel attack

cnbc.com US Treasury Secretary Janet Yellen attends a press conference at US Ambassador's residence in Beijing on April 8, 2024. U.S. Treasury Secretary Janet Yellen is preparing new…

I.M.F. Sees Steady Growth but Warns of Rising Protectionism

nytimes.com The global economy is approaching a soft landing after several years of geopolitical and economic turmoil, the International Monetary Fund said on Tuesday. But it warned…

Global economy is growing but may be headed for trouble, IMF says

washingtonpost.com Two wars, higher interest rates and the lingering effects of the coronavirus pandemic have done little to slow the global economy, but that may be about to change, according…

Posthaste: Why Canada shouldn’t take its status as top-rated sovereign for granted

financialpost.com But recent provincial budgets have shown how difficult keeping to such so-called fiscal anchors can be, says Rachel Battaglia, an economist with Royal Bank of Canada.…

Senegal’s new leader is breaking old ties

semafor.com The News Senior figures in Senegal’s new government are pushing reforms they say will move the country towards greater ownership of its resources, retooling the country’s…

Biden’s options for retaliating against Iran risk antagonizing China

washingtonpost.com President Biden’s aides are preparing to hit Iran with economic sanctions over Tehran’s attack on Israel, but experts say they face limited meaningful options for doing so…

Posthaste: Move over Vancouver, Toronto home prices are about to lead the country, forecast says

financialpost.com After stronger-than-expected sales and price gains in the first quarter of this year, the real estate company has bumped up its forecast for home prices in markets across…

Oil Steadies, Stocks Gain as Iran Tensions Ease: Markets Wrap

finance.yahoo.com Global markets showed signs of stability and oil prices declined as traders wagered tensions in the Middle East won’t escalate after Iran’s attack on Israel over the…

US growth may be a global boon, but inflation could derail the train

aol.com U.S. economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and…

Hong Kong gearing up to become a hub for ILS such as catastrophe bonds: IA

scmp.com But what is more important is for the city to create an ecosystem, said Clement Cheung Wan-ching, the IA’s CEO. As an international financial centre, Hong Kong has shown the…

Spring is in the air

ft.com World Bank and IMF kick off their joint meeting in Washington this week

At last G20 is showing how to finance an assault on poverty

theguardian.com All things considered, the world’s richest countries have emerged from the global pandemic in better shape than they could have imagined when Covid-19 first appeared just…

Economic Resilience: Facing Collapse Concerns

consciounessofworld.com In light of recent global economic turbulence, concerns have emerged regarding the specter of a total economic collapse on a worldwide scale. This comprehensive analysis…

As private credit warnings grow, the fear is that the horse has bolted

scmp.com The market consists of myriad investment funds and other financial institutions that moved into direct lending to corporate borrowers after many banks retreated from such…

Are octogenarian IMF and World Bank sprightly enough for the job?

theguardian.com There is likely to be a sense of relief when the International Monetary Fund and the World Bank hold their half-yearly meetings in Washington this week. Not because the…