During the G20 leaders’ summit, U.S. President Joe Biden called on G20 leaders to support the World Bank and other multilateral development banks to increase their ability to support low and middle-income countries. From left, World Bank President Ajay Banga, Brazil’s President Luiz Inacio Lula da Silva, India’s Prime Minister Narendra Modi, South Africa’s President …
India’s Prime Minister Narendra Modi (R) shakes hand with International Monetary Fund Managing Director Kristalina Georgieva ahead of the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on September 9, 2023. Evan Vucci | Afp | Getty Images NEW DELHI — According to the International Monetary Fund’s Managing Director Kristalina Georgieva, the Biden-led …
India’s Prime Minister Narendra Modi delivered a speech at the opening session of the G20 Leaders’ Summit on September 9, 2023. The summit saw the Group of 20 nations come together and reach a consensus on various issues to enhance development in the Global South. In a joint declaration consisting of 83 paragraphs, the G20 …
Indian artist Jagjot Singh Rubal adds the final touches to an oil painting of U.S. President Joe Biden at his workshop in Amritsar on September 5, 2023, just before the start of the two-day G20 summit in New Delhi (Narinder Nanu | AFP | Getty Images). NEW DELHI – Indian Prime Minister Narendra Modi and …
In the vicinity of Itinga, Minas Gerais state, Brazil, a bulldozer is in motion, relocating lithium ore at the Sigma Lithium Xuxa mine. Bloomberg | Bloomberg | Getty Images As demand for lithium increases, the world is projected to face a potential shortage by the year 2025. However, conflicting forecasts suggest that this deficit might …
On July 3, 2023, the central Sheikh Zayed Road in Dubai showcased its stunning high-rise tower buildings. Image source: Karim Sahib | Afp | Getty Images Dubai has solidified its position as the leading luxury real estate market, with home prices increasing by nearly 50% in the year ending June 2023. This remarkable surge marks …
China’s economic challenges are causing deflationary pressures that are a concern on a global scale and are expected to worsen in the coming months, according to economists. The weakening economic fundamentals in Beijing have become evident in recent months with disappointing data in July and the suspension of publication of youth unemployment figures. Credit data …
Malaysia’s Prime Minister, Anwar Ibrahim, is determined to recover the funds owed to Malaysians in the 1MDB money laundering scandal. He has not ruled out the possibility of taking legal action against Goldman Sachs, whom he accuses of being complicit in the crime. In an exclusive interview with CNBC, Anwar expressed his disappointment with Goldman …
China has recently unveiled a series of measures aimed at bolstering its economy before an important Politburo meeting that will assess the performance of the world’s second-largest economy in the first half of the year. In a surprise move, the People’s Bank of China cut interest rates on one-year medium-term lending facility (MLF) loans by …
A picturesque view of Singapore’s Central Business District and the iconic Merlion illuminated with a stunning projection during the iLight Marina Bay event in March 2018. Suhaimi Abdullah | Getty Images News | Getty Images Singapore has revised its economic growth forecast for this year, projecting a range of 0.5% to 1.5%. The adjustment is …