China is winning. Of that there can now be no doubt at a time when most world powers are falling in with its plans, either in kowtow mode like the U.K., or with a somewhat more upright stance like India, or somewhere in between. TheShow More Summary
It is very worrying for the world that American policy makers should be capable of making such outrageous errors, scoring own-goals, as the decision to play poker against China over the Asian Infrastructure Investment Bank (AIIB) and losing so spectacularly and humiliatingly. There is today, I think, little disagreement that the [...]
``Why, you have to wonder, is the U.S. playing the role of intransigent narcissist as the rest of world rushes to join a bank that will help lift the living standards of several billion people from Southeastern Asia all the way to West Africa? Very, very simple. The U.S. dollar.''
The debate over governance arrangements at the AIIB should prompt much-needed reform at existing development banks.
Originally published on RenewEconomy. Spain’s Banco Santander, the biggest bank in Europe by market value and once the world’s largest financier of renewable energy projects, has decided to sell its only Australian renewable energy investment...Show More Summary
For years, U.S. officials have chafed at what they contend is Chinese freeloading on the world stage. While America has spilled blood and spent a fortune on vexing challenges such as Islamic extremism and African epidemics, China, the muttering goes, hangs back or even swoops in on...
``One of the motives for China to initiate the AIIB was that the US Congress held up the voting share reform in the International Monetary Fund, the World Bank and other international institutions, Albright said at an event held by the Washington-based think tank the Center for Strategic and International Studies (CSIS).''
LONDON (Reuters) - Being one of the world's top 30 banks is not worth the hassle of extra regulatory scrutiny and capital requirements, according to a poll of financial industry investors last week. Morgan Stanley said 62 percent ofShow More Summary
World Bank forecasts economy will contract by 3.8 per cent in 2015.
MOSCOW (Reuters) - Russia faces a protracted recession as the impact of Western sanctions lingers and oil prices stay low, the World Bank said in a report published on Wednesday. In its baseline scenario, the bank expected Russia's gross...Show More Summary
Low oil prices and anti-Russian sanctions will extend recession in the country longer than expected into 2016, an updated World Bank report published on Wednesday said.
Former WWE World Heavyweight Champion arrived to WWE RAW on Monday in anger after Mr. Money in the Bank Seth Rollins decided to cash-in at WrestleMania 31. Lesnar had been doing well against his challenger going into the event, Roman Reigns. Show More Summary
Abstract: Congrats to the winner of our Visualizing Urban Expansion challenge! We’re excited to announce the winners of our Visualizing Urban Expansion challenge. We partnered with the World Bank and challenged you, the Visualizing community, to visualize the World Bank's unique database of urbanization across the East Asia and Pacific region. Mar 31, 2015 read more
The world of payment technology may be a boring one for most people, but it's difficult to avoid exposure to it. Whether paying for your morning coffee with contactless card, buying a new TV on eBay using PayPal or paying your rent through a mobile app payment systems are an ubiquitous part of modern life. Show More Summary
Interest rates are low, pretty much everywhere around the world right now? So low that if you take the central bank benchmark interest rates of 23 advanced economies and add them together, they're lower than the Bank of England's main rate was way back in September 1992. Show More Summary
When I joined the World Bank five years ago, I remember someone telling me that we love innovation as long as it’s been done before. Having been hired to manage an innovation practice, I was puzzled. Wasn’t innovation about risk andShow More Summary
The Asian Infrastructure Investment Bank has raised concerns in Washington as a potential competitor of Western-led financial institutions. The picture for the IMF, World Bank and other international money lenders further clouded after the UK, Italy, France and Germany said they wanted to join.
Stocks rose around the world and the dollar strengthened after China’s central bank said the government could do more to support growth. Gold fell the most in three weeks. ||| Reuters and Bloomberg New York and Hong Kong THE DOLLAR rose...Show More Summary
The WrestleMania main event shocked the entire WWE Universe as Seth Rollins, Mr. Money in the Bank, successfully cashed in his briefcase to become the WWE World Heavyweight champion. Many fans of the WWE were very skeptical of how the WrestleMania main event would end. Show More Summary
The Bank of Colin Graves is closed for business. Never mind the financial crash of 2008, that announcement must have sent shockwaves around the world of Yorkshire cricket