By David Lawder WASHINGTON (Reuters) – The World Bank Group’s new president, Ajay Banga, will visit Peru and Jamaica next week, kicking off a months-long global tour aimed at accelerating the global lender’s evolution to tackle the climate crisis and reinvigorate its development mission, the World Bank said on Thursday. Banga, a former Mastercard CEO…
By Gabrielle Tétrault-Farber and Guy Faulconbridge GENEVA/MOSCOW (Reuters) -Land mines uprooted and dispersed by floodwaters surging downstream from the breached Kakhovka dam in southern Ukraine could pose a grave danger to civilians for decades to come, the Red Cross said on Thursday. The vast Soviet-era Kakhovka dam, under Russian control, burst in the early hours…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it expects the global sovereign debt roundtable to make “tangible” progress toward quicker debt restructurings for heavily indebted countries during a series of meetings in coming weeks. IMF spokesperson Julie Kozack confirmed that technical talks would be held on Friday, with a workshop on comparability…
By Emma-Victoria Farr BERLIN (Reuters) – Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the…
By Tatiana Gomozova and Alexander Paramoshin RAZUMNOYE, Russia (Reuters) – Irina Markevich used to sleep in summer with her windows and balcony open at night. Nowadays she shuts them before going to bed in order to block out the sound of explosions. The blasts – some distant, some uncomfortably close – have become a daily…
THE HAGUE (Reuters) -Russia on Thursday denied Ukrainian accusations that it backed pro-Russian separatists in eastern Ukraine in 2014 and discriminates against ethnic Tatars and Ukrainians in Crimea, accusing Kyiv instead of “blatant lies” at the U.N.’s top court. Ukraine has asked the Hague-based International Court of Justice (ICJ) to order Russia to halt alleged…
MOSCOW (Reuters) – One of Russia’s longest-serving and most respected human rights campaigners went on trial on Thursday, facing the prospect of three years in jail if convicted of repeatedly discrediting Russia’s armed forces, his organisation said. Oleg Orlov has since 1999 been one of the leaders of Memorial, which won a share of the…
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday gave a boost to Jack Daniel’s in its trademark dispute with a dog accessory company that sold a parody chew toy resembling the distiller’s widely recognized black-label whiskey bottle. The 9-0 decision authored by liberal Justice Elena Kagan threw out a…
By Aziz El Yaakoubi and Humeyra Pamuk RIYADH (Reuters) -Washington will press ahead with efforts to normalize diplomatic ties between its main Middle East allies Saudi Arabia and Israel, Secretary of State Antony Blinken said on Thursday. But he declined to say whether the United States would back Riyadh’s nuclear ambitions. At a joint news…
LONDON (Reuters) -Global payments processors Visa and Mastercard have fought off a new set of lawsuits over fees charged to retailers, with a London tribunal ruling on Thursday that the proposed collective cases cannot proceed for now. The two firms already face a long list of lawsuits in London over so-called multilateral interchange fees, which…
