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19879 articles published since 08 Mar 2022

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IMF gold sales among measures to tackle debt, says report for G20
IMF gold sales among measures to tackle debt, says report for G20
Business and Economy

South African President Cyril Ramaphosa welcomed Tuesday a G20-commissioned report proposing the sale of some of the IMF's "hoard of gold" and a review of lending practices among measures to tackle Africa's crippling debt. Ramaphosa also welcomed proposals for a "Borrowers' Club" of lenders to share best practices and for a review of IMF and World Bank lending frameworks.

Lula to return to COP30 as first draft climate deal lands
Lula to return to COP30 as first draft climate deal lands
Business and Economy

COP30 host Brazil on Tuesday unveiled a first draft deal after UN climate talks stretched late into the night, seeking a compromise with nations at odds as the summit clock ticks down. With the talks stuck, Brazil announced Monday it wanted an agreement by midweek, sending exhausted negotiators back to the bargaining table and extending work hours late into the night.

Study finds 41% of EV drivers would avoid Tesla over politics
Study finds 41% of EV drivers would avoid Tesla over politics
Business and Economy

More than 40 percent of electric car drivers worldwide would avoid owning a Tesla, the brand run by controversial billionaire Elon Musk, for political reasons, according to a recent survey. More than half of electric vehicle (EV) drivers -- 53 percent -- said they would avoid certain brands or countries of production for political reasons, according to the survey published Monday.

Eurogroup chief quits for World Bank senior role
Eurogroup chief quits for World Bank senior role
Business and Economy

Pascal Donohoe, head of the Eurogroup panel of eurozone finance ministers, quit Tuesday to take up a senior job at the World Bank, his spokesperson told AFP. Ireland's finance minister, who announced his resignation to cabinet ministers in Dublin, will become managing director at the Washington-based World Bank, they added.

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