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The Latest Breaking News from the World Bank

World Bank estimates $11B needed to rebuild Lebanon after Israel-Hezbollah war

The World Bank says the cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion

The Independent UK

Allowing foreign firms to sue governments for lost profits is legal terrorism – it must end

Investor–state dispute settlements don’t just mean growing debt burdens for countries: they are also a barrier to action on the climate crisis

The Guardian - UK

Bank of England warns of ‘substantial’ risks to UK from Trump tariffs

Governor Andrew Bailey cautioned over the ‘major shift’ going on in the US after President Trump imposed trade tariffs on various countries.

Evening Standard

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Voices: Musk is wrong about foreign aid – it’s how countries show their character to the world

IN FOCUS: The evidence shows international aid – when spent correctly – can bring tremendous benefits and save millions of lives, writes expert and author Stefan Dercon. But if helping people cope with deprivation won’t convince the Maga crowd, advocates of aid spending will have to try a different argument

The Independent UK

If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation

Donald Trump’s animosity toward multilateralism and international organizations is well known. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the Paris agreement on climate change.

The Conversation

Ukraine war in numbers: Full toll of Russia’s invasion, three years on

Monday marks three years since Russia launched its full-scale invasion of Ukraine on 24 February, 2022. Alicja Hagopian and Tom Watling report on the many costs of Putin’s war

The Independent UK

Another ceasefire is under threat from Trump – the precarious deal between Lebanon and Israel

Israel, seemingly with the US president’s blessing, has kept troops inside Lebanon. Renewed conflict with Hezbollah is looming. Renewed conflict with Hezbollah is looming, says Mohamad Bazzi, director of the Hagop Kevorkian Center for Near Eastern Studies

The Guardian - UK

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Mongolians Warm Up On Culture At New Winter Festival

A festival in a frigid park on the edge of the world's coldest capital in February might not sound like a crowd-puller -- but in Mongolia an inaugural celebration of nomadic culture was in fine fettle this week.

International Business Times

Can new Africa Energy Bank power a continent while protecting the planet?

A long-planned bank to fund oil and gas projects in Africa must balance profit with climate considerations, experts say.

Al Jazeera

‘Devastating’: Malawi left in dire straits by Trump’s decision to freeze aid

African nation relies on US and other foreign donors to help fund healthcare projects and schools

The Guardian - UK

Cambodia's largest bank credits a unique investment for its 'exponential' growth

In Channy, president of ACLEDA Bank, says a proper office convinced ordinary Cambodians to trust the bank: “They say...I want to make sure you exist!”

Fortune

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

The Guardian - UK

Rwanda’s evolving stature ensures muted global pressure as M23 advances in eastern Congo

In 2012, when M23 rebels appeared poised to seize control of a major city in eastern Congo, western countries suspended aid to put pressure on Rwanda to withdraw its support

The Independent UK

African nations set to light up the homes of 300 million people by 2030

Several African nations have committed to open up their electricity sectors to attract investors and light up the homes of 300 million people currently lacking power over the next six years. "Mission 300" is driving the agenda at a two-day energy summit in Tanzania.

Radio France Internationale

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International Business Times

Rubbish Roads: Nepal Explores Paving With Plastic

Cars speeding along a smooth, black-coloured street in Nepal's Pokhara are also driving over heaps of discarded plastic, transformed into an ingredient in road construction.

The Independent UK

UK billionaires got £35m richer each day in 2024, says Oxfam

Four new billionaires emerged in the UK last year

The Independent UK

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year

Top News

World Bank Report: Global Economy Growth Slows

World Bank's report forecasts modest global economic growth with challenges for developing economies. Impacts of COVID-19 and geopolitical events influence...

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The Independent UK

World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty

The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates

International Business Times

BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

The Independent UK

Lebanese whose homes were destroyed in the war want to rebuild. Many face a long wait

It's been six weeks since a ceasefire halted the war between Israel and Hezbollah and many displaced Lebanese whose homes were destroyed in the fighting want to rebuild

The Guardian - UK

Two-income households need social housing too. Here’s why

In a private property market where supply is restricted, increased family wealth can simply drive up the cost of suitable homes

The Independent UK

China raises its estimate for the size of its economy in 2023

China says its economy grew a bit more in 2023 than earlier thought, according to an economic census conducted every five years

The Guardian - UK

Labour urged to lead global debt relief effort as cost of repayments soars

Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis

The Guardian - UK

Single-use plastic will soon be banned in Nigeria – but is the country ready?

With restrictions due next month, food vendors are still using such plastics and some traders have not heard of ban

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