ABN# Over the next decade, close to 600 million people will be looking for jobs, mostly in the world’s poorest countries. The South Asia region alone will need to create more than 13 million jobs every year to keep pace with its demographics. In Sub-Saharan Africa, despite a smaller population, the challenge will […]
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ABN# BY AKINCHAN “AKI” JAIN ON THU, 03/21/2019 As a structured finance specialist in the World Bank Treasury, I work on a trading floor and talk to banks, investors, and development partners daily, so together we can find cost-effective and sustainable solutions to address climate change. The World Bank estimates that without […]
ABN# Emerging, Developing Economies Should Rebuild Policy Buffers, Boost Productivity to Sustain Growth WASHINGTON, January 8, 2019 — Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International […]
ABN# According to WRI’s ‘Global Forest Watch’, from 2001 to 2017, 337 million hectares of tropical tree cover was lost globally – an area the size of India. So, we appear to be losing the battle, if not the war, against tropical deforestation, and missing a key opportunity to tackle climate change (if […]
ABN# By Richard Quest and Eliza Mackintosh, CNN (CNN)The pilots of a jet that crashed in Ethiopia, killing all on board, used a flight simulator to learn how to fly the Boeing 737 Max 8 plane, the airline told CNN.Flight 302 crashed March 10, six minutes after takeoff from Addis Ababa. It was […]
ABN# OSLO (Reuters) – Rescue services had airlifted 397 people to safety from a luxury cruise liner with engine trouble off the coast of Norway by Sunday morning and were preparing to tow the vessel to a nearby port. The Viking Sky, with 1,373 passengers and crew on board, sent […]
ABN# (Reuters) – Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialised nation to join the Chinese Belt and Road infrastructure project. Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese […]
ABN# Three of the Viking Sky ship’s four engines are working, and the ship has restarted and is moving at a slow pace, said spokesman Per Fjeld of Joint Rescue Centre for Southern Norway. Rescuers are still evacuating passengers and crew — even as tug boats try pull it to […]
ABN# Teams from the three U.S. airlines that own 737 MAX jets headed to Boeing Co’s factory in Renton, Washington, to review a software upgrade on Saturday, as U.S. regulators prepared to receive and review the fixes in coming weeks. The factory visits indicated Boeing may be near completing a […]
ABN# Travel and tourism in Africa grew by 5.6% in 2018 compared to the global average of 3.9% and the broader African economic growth rate of 3.2%, according to the World Travel & Tourism Council (WTTC). This makes Africa the second-fastest growing tourism region. Asia-Pacific is the fastest growing. According […]