News from Around the Web

Financial Times, Dec 23 2014:

Christmas is a time for giving, but not if you are Australia. Last week the government announced the second big cut in development aid this year, which will reduce its budget by nearly a third....

Devex, Dec 19 2014:

Back in January, we posed several critical questions for development business in 2014. Would the new conservative government in Australia keep its pre-election commitment to further boost aid...

BusinessDay, Dec 17 2014:

The Board of Directors of the African Development Bank (AfDB) Group unanimously approved a financial package of 500 million dollars to support the establishment of the Development Bank of Nigeria...

Washington Post, Dec 16 2014:

MOSCOW — Russia appeared headed Tuesday into a full-fledged currency crisis after the central bank imposed a massive, middle-of-the-night interest rate hike but failed to halt the plummet of the...

Foreign Policy, Dec 4 2014:

Nearly 70 years ago, with fresh memories of the disastrous trade wars of the 1930s, leaders of the United States and 22 other countries launched the GATT, the General Agreement on Tariffs and...

Devex, Dec 9 2014:

World Bank President Jim Yong Kim is quick to admit it — the ongoing revision of the bank’s safeguards policy has turned out to be a tough one.

“Let me just give you an example of how...

The Economist, Dec 6 2014:

A BAT and a ball cost $1.10 between them. The bat costs $1 more than the ball. How much does each cost? By paying attention to how people actually think, behavioural economics has qualified some...

Devex, Dec 3 2014:

In a world marked by increasing interdependence, technological innovation and rising inequality, Madeleine Albright believes many of the international development institutions of the past are...

Washington Post, Dec 2 2014:

Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan...

Reuters, Nov 25 2014:

The European Commission agreed on Tuesday to set up a new fund with 21 billion euros ($26 billion) of capital that it hopes can unlock some 300 billion euros of largely private investment over...

International New York Times, Nov 21 2014:

BRUSSELS — The European Union’s new trade commissioner said on Friday that she and her American counterpart were committed to injecting new energy into stalled trans-Atlantic trade negotiations....

Bloomberg, Nov 16 2014:

Thailand is heading for a second straight year of slumping exports, something the onetime tiger economy hasn’t experienced in at least two decades and a loss that magnifies challenges for the...

Bloomberg, Nov 14 2014:

The World Trade Organization’s top official said there’s a high chance the global body would soon implement its biggest-ever deal after the U.S. and India broke an impasse on food stock holdings...

Devex, Nov 13 2014:

The world’s top multilateral financial institutions are upbeat about Australia’s plans to host the global infrastructure hub recently envisioned by the G-20.

The Economist, Nov 10 2014:

New rules on bank capital aim to put an end to state-backed bailouts

The Economist, Nov 8 2014:

THE fury would not have been much greater if anti-capitalist activists had taken over the vast atrium of the World Bank’s headquarters in Washington, DC. Yet the protesters who did so last month...

The Economist, Nov 3 2014:

THE CONTRAST between the monetary policies pursued in America and the euro zone since 2012 could not be greater. Since 2012 the Fed has continued to expand its balance sheet dramatically. From...

Bloomberg, Oct 31 2014:

Hackers are testing the financial system’s cyber defenses, and they can boast of some alarming success.

The Wall Street Journal, Oct 26 2014:

BRUSSELS — Regulators in Europe have revealed which of the 150 of the European Union’s biggest banks have proved they are strong enough to weather another financial crisis.

The supervisors...

Reuters, Oct 29 2014:

Bank of England chief economist Andrew Haldane said on Wednesday that he would like to see greater global policy coordination to reduce the risk of future financial crises.

While getting...