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World Bank Shareholders Back $13 billion Capital Increase

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. The multilateral lender said the plan would allow it to lift the group’s overall lending to nearly $80 …

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EU, Mexico Reach New Free Trade Deal

The European Union and Mexico reached an agreement Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump’s election …

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IMF Says Trade Tensions, Debt Load Threaten World Economy

The International Monetary Fund’s policymaking committee said Saturday that a strong world economy was threatened by increasing tension over trade and countries’ heavy debt burden. Longer-term prospects are clouded, it said, by sluggish growth in productivity and aging populations in wealthy nations. In a statement at the end of three …

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China: No Military Aim of Corridor Project With Pakistan

China has strongly refuted suggestions its multibillion-dollar economic corridor now under construction with Pakistan has “hidden” military designs as well.   Beijing has pledged to invest about $63 billion in Pakistan by 2030 to develop ports, highways, motorways, railways, airports, power plants and other infrastructure in the neighboring country, traditionally …

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China: No Military Aim of Corridor Project With Pakistan

China has strongly refuted suggestions its multibillion-dollar economic corridor now under construction with Pakistan has “hidden” military designs as well.   Beijing has pledged to invest about $63 billion in Pakistan by 2030 to develop ports, highways, motorways, railways, airports, power plants and other infrastructure in the neighboring country, traditionally …

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DOJ: Did AT&T, Verizon Make it Hard to Switch?

The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers.   The companies confirmed the inquiry in separate statements late Friday in response to a report in The New York Times.    The U.S. …

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Antitrust Probe Targets AT&T, Verizon, Paper Reports

The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, The New York Times reported Friday, citing six people with knowledge of the inquiry. The investigation was opened about five months ago after at least one device …

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Antitrust Probe Targets AT&T, Verizon, Paper Reports

The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, The New York Times reported Friday, citing six people with knowledge of the inquiry. The investigation was opened about five months ago after at least one device …

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Report: Sanctions-Hit Russian Firms Seek $1.6B in Liquidity

Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the Interfax news agency as saying Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including …

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Report: Sanctions-Hit Russian Firms Seek $1.6B in Liquidity

Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the Interfax news agency as saying Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including …

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Scientists Coax Plastic-Munching Enzyme to Eat Faster

Recently, the world was stunned to learn that an island of mostly plastic trash, floating in the Pacific Ocean, grew to the size of France, Germany and Spain combined. Because plastics take centuries to decompose, could civilization someday choke in it? Scientists at Britain’s University of Portsmouth say they may …

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Scientists Coax Plastic-Munching Enzyme to Eat Faster

Recently, the world was stunned to learn that an island of mostly plastic trash, floating in the Pacific Ocean, grew to the size of France, Germany and Spain combined. Because plastics take centuries to decompose, could civilization someday choke in it? Scientists at Britain’s University of Portsmouth say they may …

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House Panel Cuts Food Stamps, Renews Farm Subsidies

A bitterly divided House panel Wednesday approved new work and job training requirements for food stamps as part of a five-year renewal of federal farm and nutrition policy. The GOP-run Agriculture Committee approved the measure strictly along party lines after a contentious, five-hour hearing in which Democrats blasted the legislation, …

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