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Advanced economies pledge $11 bn to boost World Bank lending
Advanced economies pledge $11 bn to boost World Bank lending

A group of advanced economies have pledged $11 billion in new funding commitments to boost the World Bank's lending capacity by up to $70 billion over a decade, the development lender announced Friday. By leveraging the resources pledged, the bank should be able to provide up to $70 billion in new lending over a 10-year period.

P&G profits rise despite hit from Middle East tensions
P&G profits rise despite hit from Middle East tensions

Procter & Gamble reported higher profits Friday, citing strong demand in the United States and many European markets that offset weakness elsewhere due to Middle East tensions and a lackluster performance in China. Chief Financial Officer Andre Schulten described consumption as "very strong" in the United States and in leading European markets.