Following revelations about World Bank leaders putting pressure on staff to enhance China's score in one of its influential reports of the global body that ranks countries on the ease of doing business in a country, dismay at the incident was expressed by a number of investors and campaigners....

An investigation at the World Bank has revealed that "undue pressure" on the organization’s staff was imposed by leaders at the bank, including the then-Chief Executive Kristalina Georgieva, to enhance ranking of China in its "Doing Business 2018" report.   Concerns about China's influence...

The European Central Bank (ECB) plans to reach its 2% inflation target by 2025, the Financial Times reported, citing internal documents from the regulator. "The European Central Bank expects to reach its elusive 2% inflation target by 2025, according to unpublished internal scenarios," the...

The world economy will pick up from the COVID-19 pandemic and will rise by 5.3 percent in this year, the highest rate in nearly 50 years, states a report from UNCTAD. However, in the nexy year, the growth is expected to slow to 3.6%. According to the organization, in 2021 the world economy is...

A shortage of supplies and higher prices are making it harder for do-it-yourselfers, consequently making it even more aggravating for the home improvement segment.   One of the major ingredients of home improvement – paints, is getting more expensive by the day.    There is a...

An environmental, social and governance (ESG) performance standard has been introduced in the global hydro-electric industry by the Hydropower Sustainability Council (HSC) that aims to increase transparency and accountability in the industry. The HSC also hopes that this measure and companies...

World debt reaches an all-time high of $296 trillion in the second quarter of 2021, according to a report by the Institute of International Finance (IIF). "World debt increased by $4.8 trillion in the second quarter of 2021, reaching a record high of $296 trillion," the organization writes. At...

Natural gas inventories for the winter period in Europe and the United States are significantly below the average for the last five years. In the event of an early, cold winter, this could lead to fuel shortages and higher gas prices amid rising demand. Gas shortages in Europe could force the...

The growth of consumption in China until 2030 will be by 80% due to the increase in income of women, said UBS analysts. They expect the social situation of Chinese women to improve because of progress in providing them with education. Women will be the main driver of consumer spending in China in...