world bank

A $62 billion business opportunity is hiding behind India’s toilet troubles

A $62 billion business opportunity is hiding behind India’s toilet troubles

Three years after rolling out the Swachh Bharat (Clean India) campaign, which among other things aims to eradicate open defecation by 2019, India is far…
The Mugabe Economy in Charts Highlights Challenges for Zimbabwe

The Mugabe Economy in Charts Highlights Challenges for Zimbabwe

Zimbabwe’s economy has fallen to the 20th biggest in sub-Saharan Africa from 10th when President Robert Mugabe came into power almost four decades ago.
Toxic Smog, Health Warnings No Deterrent for Delhi Half-Marathon

Toxic Smog, Health Warnings No Deterrent for Delhi Half-Marathon

A half-marathon in one of the world’s most polluted mega-cities will go ahead despite calls to cancel the event from India’s medical association and a warning from the lead sponsor that it may pull
‘Fragile’ Pakistan Says It Can Weather the Financial Storm

‘Fragile’ Pakistan Says It Can Weather the Financial Storm

Pakistan’s Prime Minister and central bank say the nation can weather the strain of its widening external deficits and shrinking foreign-exchange reserves.
A World Without Merkel

A World Without Merkel

After the collapse of coalition talks, the German chancellor is looking weaker than ever.
Mnangagwa’s Task: Rebuild Zimbabwe’s Economy From the Ground Up

Mnangagwa’s Task: Rebuild Zimbabwe’s Economy From the Ground Up

When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s president on Friday, he’ll inherit an economic wasteland that will take a complete reversal of some of the government’s signature
Translator From Trump Tower Meeting to Meet With House Panel

Translator From Trump Tower Meeting to Meet With House Panel

The House Intelligence Committee is set Tuesday afternoon to interview the translator who attended a controversial meeting at Trump Tower in June 2016 between Donald Trump Jr. and a Russian lawyer at
Pakistan PM Says Political Turmoil Is Denting the Economy

Pakistan PM Says Political Turmoil Is Denting the Economy

Pakistan’s Prime Minister Shahid Khaqan Abbasi said political turmoil is hobbling investor confidence and negatively impacting the country’s economy before national polls next year.
India Is Said to Plan Electronic Tax Scrutiny for Top 500 Firms

India Is Said to Plan Electronic Tax Scrutiny for Top 500 Firms

India plans to overhaul its tax assessment and investigation process for the nation’s top 500 companies as part of Prime Minister Narendra Modi’s endeavor to improve ease of doing business and curb

Kenyan Agency Mulls $1.46 Billion Bond to Fund Road Repairs

A Kenyan government agency plans to offer 150 billion shillings ($1.46 billion) of bonds to fund repairs to roads in the East African nation that have suffered from historic neglect.
Investors Are Looking at Zimbabwe’s Budget to Understand the Post-Mugabe World

Investors Are Looking at Zimbabwe’s Budget to Understand the Post-Mugabe World

When Patrick Chinamasa marks the start of his second stint as Zimbabwe’s finance minister by presenting the budget on Thursday, investors will be looking for policy changes in addition to fiscal plans
Kenya Growth Outlook Cut by World Bank Over Credit, Spending

Kenya Growth Outlook Cut by World Bank Over Credit, Spending

The World Bank lowered its economic growth forecasts for Kenya as delays in spending cuts, weak credit extension and political uncertainty curb expansion prospects.
World Bank to end financial support for oil and gas extraction

World Bank to end financial support for oil and gas extraction

Bank announces in Paris it ‘will no longer finance upstream oil and gas’ after 2019 in response to threat posed by climate changeThe World Bank will end its financial support for oil and gas
Macron's Climate Summit Draws Pledges to Make Coal a Risky Bet

Macron's Climate Summit Draws Pledges to Make Coal a Risky Bet

Some of the world’s biggest investors turned their backs on U.S. President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organized by French
Macron Holds a Climate Summit, and Trump Casts a Shadow

Macron Holds a Climate Summit, and Trump Casts a Shadow

President Emmanuel Macron of France, left, and King Mohammed VI of Morocco en route to climate talks on the Île Seguin near Paris on Tuesday.
Macron Holds a Climate Summit, and Trump Casts a Shadow

Macron Holds a Climate Summit, and Trump Casts a Shadow

President Emmanuel Macron of France, left, and King Mohammed VI of Morocco en route to climate talks on the Île Seguin near Paris on Tuesday.
Macron Holds a Climate Summit, and Trump Casts a Shadow

Macron Holds a Climate Summit, and Trump Casts a Shadow

President Emmanuel Macron of France, left, and King Mohammed VI of Morocco en route to climate talks on the Île Seguin near Paris on Tuesday.
U.S. Finds Allies to Challenge China’s Trade Tactics

U.S. Finds Allies to Challenge China’s Trade Tactics

The U.S. finds itself isolated in its efforts to temper support for globalization. It’s having greater success rallying rich countries to rein in a common rival: China.

World Bank and AXA Insurance slash billions of dollars in fossil fuel investments

In what’s been a big week for the fossil fuel divestment movement, the World Bank and insurance giant AXA have both announced they’re divesting billions of dollars from the fossil fuel industry —
4 of the biggest names in finance just vowed to fight climate change

4 of the biggest names in finance just vowed to fight climate change

Several big players in the world financial scene took some steps to acknowledge the reality of climate change right around the two-year anniversary of the signing of the Paris Climate deal on