Rich countries have said they will spend around $25 billion by 2025 to boost Africa’s efforts to adapt to climate change, officials said at a summit on the weather in Rotterdam, the Netherlands, on Monday. The summit is the first to bring
US Treasury Secretary Janet Yellen called for major reforms at the World Bank on Thursday, saying the seven-decade-old multilateral development bank was not designed to deal with multiple global crises like climate change. According to the news agency Reuters, Yellen told the
Sri Lanka faces its worst economic crisis in decades. The Mahinda Rajapaksa government is struggling to pay for essential imports after a 70 per cent drop in foreign exchange reserves over two years triggered a currency devaluation. Fuel is in short supply, prices of food
The 4th edition of the bi-annual World Entrepreneurs Investment Forum (WEIF 2022) opened in Dubai today, suggesting entrepreneurship, innovation and investment in a post-pandemic recovery to be important to achieve Sustainable Development Goals (SDGs). The form states that COVID-19 has severely affected
The world economy will grow less than expected this year, mainly due to a slowdown in the world’s two biggest economies i.e. the United States and China, while global inflation will be higher and more persistent, according to the latest forecasts from
When Janet Yellen, the US Treasury Secretary, suggested in April this year that it was time to impose a global corporate tax on multinationals to end the ‘race to the bottom’, very few would have said that matters would move ahead with