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WORLD BANK SPRING
US retail sales beat expectations in May as energy costs stay highUS retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent inc...- Sudip Bandyopadhyay bets on pharma, metals and select cyclicals as geopolitical risks easeEasing West Asia tensions boost global markets, prompting investors to reassess opportunities. Market veteran Sudip Bandyopadhyay favors ph...
- Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...
- Epstein accusers face relentless harassment; threats and intimidation escalate after identities exposed in Justice Department filesVictims of Jeffrey Epstein face severe threats and harassment. Their identities were exposed in government files, leading to online abuse a...
- Quote of the day by Franklin D. Roosevelt: 'Men are not prisoners of fate, but only prisoners of...' Life lessons on success, human nature and inner peace by 32nd president of the United StatesQuote of the Day by Franklin D. Roosevelt continues to inspire people across generations. The statement, “Men are not prisoners of fate, bu...
- These large- and mid-cap stocks may give more than 25% return in 1 year, according to analystsFor the last few earnings seasons, the message has been: “Show me growth, I have the money.” Stocks with better-than-expected earnings saw ...
- Human urine becomes option for farmers in fertilizer supply crunchFrom chicken muck to human urine-based products and microbial solutions, growers are improvising to maintain crop yields. This shift, while...
- Death to the $20 cocktail: The bars bringing back cheaper drinksBars are rethinking cocktail pricing as costs soar and consumer behavior shifts. Establishments like Gus' Sip & Dip and Radicle are offerin...
- Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...
- After AI, China unicorns are eyeing global domination in robotic humanoidsLinkerbot currently holds over 80 per cent of the global market share in high-degree-of-freedom (DoF) robotic hands.
- Kevin Warsh wanted a family fight at the Fed. Oil has provided the sparkNew Fed Chair Kevin Warsh inherits a divided Federal Reserve. Four voters dissented on the latest policy, the largest split since 1992. Ris...
- Explained | Why Anthropic’s Mythos is spooking bankers and what it means for global financeAnthropic’s Mythos AI is triggering global concern as banks and regulators warn it could enable faster, large-scale cyberattacks on financi...
- US indicated it would not ease Russian oil sanctions again, EU's Sefcovic saysEuropean Trade Commissioner Maros Sefcovic discussed U.S. sanctions relief on Russian oil with U.S. Treasury Secretary Scott Bessent. Sefco...
- Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from oneAmerica's Treasury Secretary Scott Bessent revealed that Gulf and Asian nations seek currency swap lines from the US. These requests aim to...
- IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutionsGlobal finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geop...
- MDBs to deepen collaboration to support nations amid heightened global uncertaintyGlobal development banks are joining forces to help countries navigate economic challenges. They are combining resources and knowledge to m...
- Pakistan keen for early approval for next IMF tranche: AurangzebPakistan is eager for the International Monetary Fund's next loan installment. A Fund team will visit next month for crucial review talks. ...
- Global finance ministers warn of prolonged market impact from Middle East conflictGlobal finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediat...
- IMF, World Bank and IEA aim to have calls every two weeks to assess war's impactInternational Monetary Fund chief Kristalina Georgieva said global institutions plan biweekly calls to monitor energy market disruptions fr...
- IMF chief warns global monetary system not ready for AI cyber threatsKristalina Georgieva's comments came a day before the International Monetary Fund and World Bank kick off their annual spring meetings in W...
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