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Today: January 21, 2025
Today: January 21, 2025
Andrea Shalal

Andrea Shalal

Staff Writer

Latest From Andrea Shalal

Americas|Political|US|World

Trump says will will likely stop buying oil from Venezuela

U.S.

Trump says will will likely stop buying oil from Venezuela
Business|Economy|Political|US

No day-one tariffs from Trump, but he says Canada, Mexico may get duties Feb 1

President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about

No day-one tariffs from Trump, but he says Canada, Mexico may get duties Feb 1
Business|Economy|Political|US

Trump says to unleash American fossil fuels, halt climate cooperation

President Donald Trump on Monday laid out a sweeping plan to maximize oil and gas production, including by declaring a

Trump says to unleash American fossil fuels, halt climate cooperation
Asia|Business|Economy|Finance|World

IMF says China's economic growth of 5% in 2024 was 'positive surprise'

China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters,

IMF says China's economic growth of 5% in 2024 was 'positive surprise'
Business|Economy|Finance|Political|US

IMF lifts US outlook, warns countries against protectionism, subsidies

The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of a percentage point, with stronger-than-expected growth

IMF lifts US outlook, warns countries against protectionism, subsidies
Uncategorized

Yellen to tout U.S. economy's resilience, jobs recovery in major speech

– U.S. Treasury Secretary Janet Yellen will highlight the U.S. economy’s continuing resilience in a major speech in Las Vegas on Monday, touting the creation of 13 million new jobs and progress in driving down inflation, a Treasury official said. Yellen will speak at a training center operated by the International Brotherhood of Electrical Workers (IBEW) union after touring its cutting-edge clean energy training programs where workers learn how to install solar panels. The remarks in Nevada, likely to be a key battleground state in the 2024 presidential election, are part of a monthlong travel

Yellen to tout U.S. economy's resilience, jobs recovery in major speech
Business|Economy|Political|US

USTR finds China's shipbuilding dominance hurts US, is actionable

The U.S.

USTR finds China's shipbuilding dominance hurts US, is actionable
Economy|Finance|Political|US|World

UK minister says any move to seize frozen Russian assets must be 'legally watertight'

British investment minister Dominic Johnson said he discussed the seizure of frozen Russian assets with U.S.

Business|Economy|News|US

US poor face economic hit as shutdown, childcare cliff, student loans converge

By Andrea Shalal WASHINGTON - Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick off next week, including a sharp drop in

US poor face economic hit as shutdown, childcare cliff, student loans converge
Economy|Finance|News|US

US should link China's power in IMF to support for debt relief- former US official

The U.S. should demand that China support debt restructuring for struggling poor and middle-income countries as a condition of changes to the

US should link China's power in IMF to support for debt relief-  former US official
Business|Economy|Finance|News

IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound

Stronger demand for services and progress on lowering inflation have increased the chances that the global economy can escape recession, but fiscal and financial risks

IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound
Americas|News|World

US Treasury pushing development banks for progress on next phase of reforms by April

The U.S.

US Treasury pushing development banks for progress on next phase of reforms by April
Business|Economy|Finance|News|World

Progress in reforming development banks 'quite limited,' new tool shows

A new tool launched on Monday to track reforms by the World Bank and the five biggest multilateral development banks (MDBs) shows that broad changes are

Progress in reforming development banks 'quite limited,' new tool shows
Business|Economy|Environment|News|World

World Bank's Banga faces pressure on resources, shareholder schisms

World Bank President Ajay Banga will come under pressure this week to focus on climate change, but the former Mastercard CEO first

World Bank's Banga faces pressure on resources, shareholder schisms
MidEast|News|World

World Bank urges rapid cooling of Israel-Gaza conflict as annual meetings start

The World Bank on Monday told staff it was gravely concerned about the "shocking escalation" of violence in the Israeli-Palestinian

World Bank urges rapid cooling of Israel-Gaza conflict as annual meetings start
Asia|Economy|Finance

Rising Asia debt levels could temper growth -World Bank chief economist

Rising debt levels among "seemingly healthy" countries in Asia could drag growth in the region below currently forecast levels, World Bank Chief

Rising Asia debt levels could temper growth -World Bank chief economist
Business|Economy|Finance

IMF says US bond sell-off may reflect extra quantities on market

The International Monetary Fund is carefully watching global bond market developments after a recent U.S. selloff, the fund's top economist said, adding

IMF says US bond sell-off may reflect extra quantities on market
Economy|Finance|News|World

IMF says global economy 'limping along,' cuts growth forecast for China, euro area

The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and uneven

IMF says global economy 'limping along,' cuts growth forecast for China, euro area
Africa|Americas|News

Yellen says World Bank needs 'cultural change' to better mobilize private capital

U.S.

Yellen says World Bank needs 'cultural change' to better mobilize private capital
Africa|Americas|News|Uncategorized|US|World

Yellen, IMF see economic risks from Gaza war

U.S.

Yellen, IMF see economic risks from Gaza war
Business|Economy|Finance

Multilateral development banks, keen to expand lending, to meet with ratings agencies

Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push

Multilateral development banks, keen to expand lending, to meet with ratings agencies
Economy|Finance|News

U.S.' Yellen, PBOC's Pan to meet for talks, including on debt

Janet Yellen said on Wednesday she planned to meet Chinese central bank boss Pan Gongsheng this week for talks that will broach debt

U.S.' Yellen, PBOC's Pan to meet for talks, including on debt
Africa|Americas|News|US|World

Yellen says oil price cap has 'significantly' cut Russia's revenues

U.S.

Yellen says oil price cap has 'significantly' cut Russia's revenues
Africa|Americas|News|US|World

Yellen tells Ukraine's Zelenskiy: anti-corruption fight is key to future

U.S.

Yellen tells Ukraine's Zelenskiy: anti-corruption fight is key to future
MidEast|News|World

WTO chief warns of 'really big impact' on trade if Israel-Hamas conflict widens

World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the Israel-Hamas conflict could be ended quickly, warning it would have a "really big

WTO chief warns of 'really big impact' on trade if Israel-Hamas conflict widens

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