Latest News for: World bank report


World Bank predicts Ukraine's economy will shrink 35% in 2022

WPTV 05 Oct 2022
With its ongoing war with Russia, the World Bank predicts that Ukraine's economy will shrink by 35% this year ... The World Bank projected that it'd cost the country, where the invasion has damaged farmland and displaced more than 14 million people, at least $349 billion to rebuild, ...

Banks’ Cost-to-income Spike as Inflationary Pressure Mounts

This Day 05 Oct 2022
An investigation by THISDAY revealed that banks in the half year ended June 30, 2022 reported an increase in Cost-to-income, attributable to increased operating expenses and slow income ... The bank also reported N32.5billion operating income in H1 2022 from N25.1billion reported in H1 2021.

China stuck in middle-income trap, distrust in its tech companies major cause

Beijing News 05 Oct 2022
According to a 2012 report, the World Bank and China's state researchers noted that institutional reforms are needed if the country's economy is to stride on a path of development ... As many as 50 companies have moved production out of China, the media portal reported citing the Nikkei Asian Review.

Breakout Alert for Bitcoin: Don’t Miss the BTC Rally

Inside Bitcoins 05 Oct 2022
After trading in a narrow range for months, Bitcoin ($BTC) is now poised for a significant breakout over crucial resistance ... 1 ... 2 ... The largest investment bank in the world, Credit Suisse, may be on the verge of failure, according to recent news reports ... Tamadoge was recently listed on OKX, one of the most popular cryptocurrency exchanges in the world.

UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases

Bitcoin 04 Oct 2022
UNCTAD Report Criticizes Central Bank Rate Hikes During Global Economic Downturn ... The annual report immediately digs into central banks raising benchmark lending rates and creating tougher monetary policy ... UNCTAD’s call on the Fed and the rest of the world’s central banks is quite similar to the complaint written by U.S.

World Bank approves US$400 million to decarbonise Egypt's logistics, transport

Malaysian National News Agency 04 Oct 2022
The finance will "support the shift toward low-carbon transportation along" Egypt's Alexandria-the 6th of October-Greater Cairo Area (GCA) railway corridor which mainly provides passenger trains services, the World Bank said in a press release on its website, Xinhua reported.

To Reduce Traffic Congestion, Egypt Receives USD 400 Million to Advance Low-Carbon Transportation

Egyptian Streets 04 Oct 2022
According to a newly published report by the World Bank, Air pollution reportedly results in 270,000 deaths a year — more than traffic accidents, diabetes, and other common causes for death combined — and the average MENA resident falls ill for at least 60 days in their lifetime due to air pollutant exposure.

World Bank economist says Caribbean economies yet to recover to pre-COVID era

Jamaica Observer 04 Oct 2022
BRIDGETOWN, Barbados (CMC)— A senior World Bank official Tuesday said that the gross domestic product (GDP) of the Caribbean has not yet recovered to its 2019 level as the region emerges from being among the hardest hit regions by the coronavirus (COVID-19) pandemic ... The World Bank did not give an economic growth forecast for Trinidad and Tobago.

IAPH: How to close the gaps in ports’ resilience, digitalization and decarbonization

SAFETY4SEA 04 Oct 2022
IAPH published a report to identify gaps in global port infrastructure and key actions to be taken with the World Bank in digitalization, decarbonization and resilience in the maritime sector ... Bank staff gathered input on global port infrastructure gaps and how to deal with them.

World Bank sees weak growth in 2023 for eastern Europe, central Asian countries

Reuters 04 Oct 2022
WASHINGTON, Oct 4 (Reuters) - The World Bank said economic output for its regional grouping of countries in eastern Europe and central Asia is forecast to contract by ...

Lebanon's banks and ruling elites are partners in crime

The New Arab 04 Oct 2022
Earlier this month, private banks in Lebanon closed their doors for a whole week after seven branch robberies in less than 72 hours ... This has been notably reflected in the in bank deposits ... In a report published in January 2022, the World Bank described the crisis as a deliberate depression orchestrated by the elite.

Việt Nam performs well in 9 months but needs to watch for pressure ahead

Vietnam News 04 Oct 2022
In its latest report last week, the World Bank slashed its economic outlook for the Asia Pacific to 3.2 per cent in 2022, down from a 5 per cent forecast in April ... (World Bank’s September report forecast Việt Nam’s GDP may reach 7.2 per cent this year but will slow to 6.7 per cent in 2023.).

Global climate strikes, environmental protests in September 2022

Anadolu Agency 04 Oct 2022
- A group of people from Debt for Climate hold a demonstration outside the World Bank’s office in London calling for the cancellation of Pakistan's debt over unprecedented floods in the country ... demanding the IMF and World Bank to "decarbonize and decolonize" the world.

Tron’s Justin Sun plan for Credit Suisse goes viral

Cryptopolitan 04 Oct 2022
It is a global financial bank that is founded and is present in Switzerland. It is one of the top global financial banks that provides private banking, investment banking, and asset management ... On 3rd October 2022, reports that on Monday of this week, the bank loses 11.5% share, and due to concern, it may lose more.

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