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IMF chief says world better prepared for this crisis
IMF chief says world better prepared for this crisis
by  AFP

The global economy is at a difficult crossroads, buffeted by multiple shocks including soaring inflation, rising interest rates and a growing threat of broad debt crisis, but IMF Managing Director Kristalina Georgieva told AFP that institutions are better prepared to weather this storm. What we need to recognize is that the Chinese institutions are still working their way through debt issues.

World Bank spent almost $15 bn on fossil fuel projects since Paris deal: report
World Bank spent almost $15 bn on fossil fuel projects since Paris deal: report
by  AFP

The World Bank has pumped $14.8 billion into fossil fuel projects globally in the period following the landmark Paris climate accord, a report said Thursday. The biggest project listed in the report, called "Investing in Climate Disaster: World Bank Finance for Fossil Fuels," was the Trans-Anatolian Pipeline in Azerbaijan, funded in 2018 to the tune of $1.1 billion.

Prince Harry launches legal action against UK media group
Prince Harry launches legal action against UK media group
by  AFP

Britain's Prince Harry and singer Elton John are among six public figures suing the publisher of the Daily Mail over alleged unlawful information-gathering at its titles. ANL, also the publisher of The Mail On Sunday and MailOnline, said on Thursday it "utterly and unambiguously" rejected the allegations.

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