Ajay Banga began his five-year term as president of The World Bank on June 2nd. The Biden-appointed, former Mastercard CEO also brings a new focus for the international financial institution: climate change. And developing nations are concerned. The World Bank’s main clients, countries making up...

The International aviation Transport Association (IATA) released statistics on global aviation passenger traffic for April. It climbed by 45.8% from April of last year to April of this year, bringing the figures to 90% of pre-pandemic levels. Only 1.8% less flights were loaded in April than before...

The International Energy Agency (IEA) predicts that the global rise in new renewable energy capacity in 2023 will be the greatest ever, with more growth anticipated in 2024. The IEA stated in its Renewable Energy Market Update report that "against the backdrop of the global energy crisis, solar and...

In April, China's urban youth (ages 16 to 24) saw a record-high jobless rate of 20.4%. The general unemployment rate for the same time period was 5.2%, thus the current figure is nearly four times higher. This, according to experts, is caused by the large number of recent graduates from...

In order to address the current energy crisis, the G7 leaders decided to quicken the switch to renewable energy while bolstering economic stability, according to the communiqué from the Hiroshima summit. "We stress the real and urgent need and opportunity to accelerate the transition to clean...

The French National Assembly voted in favor of a plan that will restart the nation's nuclear power industry and enable it to build new reactors more quickly, as reported on the parliament website. The measure will streamline the application process for the six new nuclear reactors' building...

Leaders of the Group of Seven (G7) nations want to increase sanctions on Russia at their summit in Japan this week, including actions aimed at energy and exports assisting Moscow's war effort, claimed a report by Reuters citing information from officials with direct knowledge of the deliberations....

PricewaterhouseCoopers (PwC), a global consulting and auditing firm, is at the center of a significant scandal in Australia. The local PwC office probe may involve the federal police, the nation's Ministry of Finance stated on May 11. The probe focuses on disclosures of private preparations for...

Leaders of the Group of Seven (G7) countries are poised to highlight concerns about China's use of "economic coercion" in its dealings with other countries as part of their bigger joint statement next week, said a report from Reuters quoting information from US official involved with the...