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World Bank Group

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Top World Bank Group Articles

Displaying items 23-33
  • Fed holds off on interest rate hike, downgrades economic forecast

    Fed holds off on interest rate hike, downgrades economic forecast
    Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it. Fed...
  • Milhouse Engineering aims to bring coal-powered electricity to Nigeria

     Milhouse Engineering aims to bring coal-powered electricity to Nigeria
    It bothered Wilbur Milhouse when the power would suddenly go out as he sat in restaurants or hotels in Nigeria. "Power outages are commonplace," said the founder and CEO of Milhouse Engineering and Construction. People are so used to them, he said,...
  • American held in Yemen freed; French hostage pleas for help

    American held in Yemen freed; French hostage pleas for help
    One of several Americans held by Iranian-backed Shiite rebels in Yemen was set free on Monday, a U.S. official said, as a French hostage abducted in Yemen by an unknown party appeared in a video pleading for help. The rebels, known as Houthis, seized...
  • Trade pact's defeat could benefit China, supporters say

    WASHINGTON If the president's own party denies him special trade promotion authority to finalize a deal with 11 Pacific Rim nations, experts warn it would leave an opening for China to exert greater influence in Asia and on the global stage. The United...
  • Bitcoin isn't the future of money -- it's either a Ponzi scheme or a pyramid scheme

    Bitcoin isn't the future of money -- it's either a Ponzi scheme or a pyramid scheme
    Sometimes it's hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme. Whatever it is, though, it isn't a currency. It's a tech stock. Each Bitcoin is really a share in a system that seems to make it cheaper to transfer things online...
  • Climate change, terror on agenda for 2nd day of G-7 meeting

    After spending much of the first day talking about Ukraine, leaders of the Group of Seven wealthy democracies shifted their focus Monday to global issues including climate change, terrorism and the threat from diseases such as Ebola. German Chancellor...
  • Carnival launches new cruises that help you give back, not just kick back

    Carnival launches new cruises that help you give back, not just kick back
    Carnival Corp. has introduced a new cruise brand called Fathom that's all about giving back and making a social impact on the world. What? You can do something more on a cruise besides kicking back and having fun? That's the idea. InsteadĀ of touting...
  • Key U.S. allies join China-led Asia infrastructure bank

    Key U.S. allies join China-led Asia infrastructure bank
    As economic leaders gather here this week for meetings of the International Monetary Fund and the World Bank, China is set to kick off a rival infrastructure development lender that promises to shake up the traditional American-led global financial order....
  • Youth Services treasurer named Glenview Citizen of Year

    Youth Services treasurer named Glenview Citizen of Year
    Glenview resident Myrna Newman is the 2014 Citizen of the Year for her volunteer work with a well-known social service agency. For eight years Newman has served as treasurer of the board of Youth Services of Glenview/Northbrook. When the new Youth...
  • South China Sea a friction point as Kerry meets counterpart in Beijing

    South China Sea a friction point as Kerry meets counterpart in Beijing
    China on Saturday defended its land reclamation and construction activities on disputed islets in the South China Sea as “fully within the scope” of its national sovereignty while U.S. Secretary of State John Kerry urged Beijing to “...
  • Don't fast track trade deals that hurt the middle class

     Don't fast track trade deals that hurt the middle class
    Trade is a simple concept. You sell me yours, and I'll sell you mine. At least that's the way it used to be. I can remember when our food, our clothing, our cars, our televisions, our appliances and the homes we live in, were all "Proudly made in...