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Revamp of World Bank and lenders needed to tackle global problems: Yellen
Revamp of World Bank and lenders needed to tackle global problems: Yellen
by  AFP

The World Bank and development lenders need to evolve to tackle the complex challenges that the world is facing, such as by going beyond country-based lending, US Treasury Secretary Janet Yellen said Thursday. Apart from the traditional country-based lending model, Yellen called for considering expanded options, such as for development banks to support both global and regional entities.

Apple wins 728-mn-euro cut to France antitrust fine
Apple wins 728-mn-euro cut to France antitrust fine
by  AFP

A French court on Thursday slashed more than 700 million euros from a record 1.1-billion-euro fine imposed on US tech giant Apple in 2020, sources close to the case told AFP. France's competition authority levied the fine -- its biggest ever -- after concluding that the firm squeezed independent sellers of Apple products as it tried to push buyers towards its own stores and preferred retailers.

OPEC+: a thriving Saudi-Russian marriage of convenience
OPEC+: a thriving Saudi-Russian marriage of convenience
by  AFP

By ignoring the United States and slashing its oil production, the OPEC+ group of petro-states demonstrated the tightening bond between Saudi Arabia, normally a close US ally, and Russia. "It has survived turbulent periods, including a short but devastating price war between the two heavyweights, Saudi Arabia and Russia in 2020," Varga said, referring to disagreements on production levels.

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