This is a story about one of those unsung forces that quietly keep the world running. It is a story about the clockwork interconnectedness of modern civilization, about how disturbances […]
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Back to news homeWorld’s Growth Cools and the Rich-Poor Divide Widens
As the world economy struggles to find its footing, the resurgence of the coronavirus and supply chain chokeholds threaten to hold back the global recovery’s momentum, a closely watched report […]
Crypto remittances are a lifeline for the world’s most vulnerable
Joshua Jahani Contributor Joshua Jahani is a lecturer at Cornell University and New York University, and a board adviser at the investment bank Jahani and Associates specializing in the Middle […]
I.M.F. Chief Kristalina Georgieva Denies Claims She Inflated China Data
WASHINGTON — In remarks to staff on Friday, Kristalina Georgieva, the managing director of the International Monetary Fund, denied allegations that she pressured staff to manipulate a report to placate […]
EdTech startup bina raises $1.4M to teach 4 to 12-year-olds, launch School-as-a-Service
With the pandemic wreaking havoc amongst early years education amid school lockdowns, it’s no wonder EdTech startups have piled into the space. But it’s also served to highlight the abysmal […]
As Lebanon Collapses, Riad Salameh Faces Questions
The coronavirus pandemic and a huge explosion in the port of Beirut last August further devastated the economy.Estimates put the central bank’s losses at $50 billion to $60 billion. The […]
Fintech startup ClearGlass Analytics closes $3.6M for pension funds transparency platform
Fintech startup ClearGlass Analytics has closed a £2.6 million ($3.6M) funding round for its platform, which aims to create greater transparency on fees in the long-term savings market, such as […]
For the World Economy, a Grim Slog Tempered by New Hopes
Nearly a year into a pandemic that has ravaged the global economy like no time since the Great Depression, the only clear pathway toward improved fortunes is containing the virus […]
James D. Wolfensohn, Who Led the World Bank for 10 Years, Dies at 86
James D. Wolfensohn, who escaped a financially pinched Australian childhood to become a top Wall Street deal maker and a two-term president of the World Bank, died on Wednesday at […]
How the Wealthy World Has Failed Poor Countries During the Pandemic
LONDON — Like much of the developing world, Pakistan was alarmingly short of doctors and medical facilities long before anyone had heard of Covid-19. Then the pandemic overwhelmed hospitals, forcing […]