Indonesia this week. But World Bank chief economist Carmen Reinhart is skeptical there will be a

WASHINGTON: Developing countries must quickly strengthen their financial sectors, according to the World Bank, warning that rising inflation, interest rates and alarming levels of debt distress could trigger a global chain reaction not seen in generations. The World Bank underscored its longstanding concerns about lack of transparency about Chinese lending and collateralised loans in the sovereign debt sector, but also called out growing private sector risks in its latest World Development Repor

By Tom Arnold, Elizabeth Howcroft3 Min ReadLONDON( Reuters)-The global economy is recovering from the COVID-19 pandemic at an uneven pace due to unequal access to vaccinations, with the Delta variant threatening those countries lacking essential medical supplies, the IMF’s chief economist warned on Wednesday. FILE PHOTO: IMF Chief Economist Gita Gopinath speaks in her office in Washington, U.S., April 11, 2019.... REUTERS/ James Lawler Duggan Well over a year on from the start of the pandemic,

Cannon’s assignment prompted concerns regarding her limited trial experience and how she had previously intervened in the Department of Justice investigation that ultimately led to Trump’s indictment.... One of the sources said the initial judge to reach out to Cannon did so over the phone, telling her that it would be better for a jurist based closer to the district’s Miami courthouse to take charge of the case.... Judge Cannon is the only federal judge in the courthouse in Fort Pierce, about

NEW YORK — Alina Clark is about as tired of her pandemic wardrobe as her comfort clothes are stretched and torn.“ I have four sets of jeans, seven shirts and five sweaters that I wear every week, ” said Clark, co-founder of a software development company in Los Angeles.... Me and my wardrobe are suffering from COVID fatigue.” A wardrobe purge is on for some as vaccinations have taken hold, restrictions have lifted, and offices reopen or finalize plans to do so.... The same goes for blazers, su

KULAI: Industry players are encouraged to use green technology and recycled materials that could help reduce carbon emissions. Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba said the government was committed to ensuring sustainability, recycling and increased use of renewable energy in industry." We encourage the use of new technology that could help reduce waste and ultimately reduce the amount of rubbish thrown into our landfills." We welcome technologies from countries s

CNN — Media organizations, including CNN, asked a magistrate judge Friday to unseal court filings related to seven search warrants the Justice Department sought in the investigation into former President Donald Trump’s handling of classified documents.... The existence of the seven warrants – which were sought in addition to the warrant federal investigators secured to search Mar-a-Lago last summer – was only made public last week.... The new filing seeking public access to those documents – w

NEW YORK: United States Federal Reserve( Fed) officials are preparing to move faster than their previous round of tightening to keep a high-inflation and a near-full-employment economy from overheating, leaving behind the gradualism that marked the central bank’s approach in the prior decade. Prospects for another year of growth above the economy’s speed limit with inflation already high – along with a larger balance sheet that’s suppressing longer-term interest rates – “ could warrant a potenti

CNN — Special counsel Jack Smith’s team is asking the judge in the classified documents case against Donald Trump to bar the former president and his defense team from publicly disclosing some of the materials shared in the criminal case as part of the discovery process.... Some of that information could be in grand jury transcripts or recordings of witness interviews.... “ The materials also include information pertaining to ongoing investigations, the disclosure of which could compromise tho

Swalwell accuses Republicans of' siding with killers' Rep.... Eric Swalwell, D-Calif., said Republicans are" siding with the killers" if they don't support gun control measures.A 72-year-old Florida man was arrested on Wednesday for threatening to kill a member of Congress and his family, the Justice Department said. Rep.... But I’m not going away and neither should you." WHERE NO CONGRESS HAS GONE BEFORE: FACING GALACTIC-SCALE FISCAL CLIFF AND BORDER SECURITY THREATS Rep....