By David Lawder WASHINGTON (Reuters) -The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank[...]
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Politics
IMF’s Georgieva to press for quicker action on debt relief with China
By Andrea Shalal NEW YORK (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that she will travel to Beijing next week with heads of other international ins[...]
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World Bank’s Malpass: Bill for rebuilding Ukraine rising, not detecting donor fatigue
NEW YORK (Reuters) – World Bank President David Malpass on Thursday said the expected cost for rebuilding Ukraine will go up “quite a bit” from the roughly $350 billion estimated ear[...]
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Biden says can ‘tweak’ inflation act to include European countries
By Michel Rose, Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden said that new laws that give incentives for domestic production of computer chips and renewable ene[...]
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Florida pulls $2 billion from BlackRock in largest anti-ESG divestment
By Ross Kerber (Reuters) -Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by a s[...]
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REUTERS NEXT: U.S. Treasury’s Adeyemo calls for global cooperation on crypto regulations
WASHINGTON (Reuters) – The collapse of Bahamas-based cryptocurrency exchange FTX points up the need for the United States to cooperate with other countries to develop effective international reg[...]
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Factbox-How a revamped U.S. biofuel program could help electric vehicle makers
(Reuters) – The Biden administration on Thursday proposed an overhaul of the nation’s biofuel policy that would for the first time allow electric vehicle manufacturers to tap into a lucrat[...]
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U.S. CFTC head urges Congress to act fast on crypto regulation
By Hannah Lang and Chris Prentice (Reuters) -A leading U.S. financial regulator on Thursday urged lawmakers to act quickly to install a regulatory framework for digital assets following the spectacula[...]
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Brazil GDP growth slows more than expected as high interest rates bite
By Marcela Ayres BRASILIA (Reuters) -Brazil’s economic growth slowed more than expected in the third quarter as higher interest rates affected household spending, underscoring challenges facing[...]
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