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News Wrap: Trump court nominee says her past statements on date rape make her ‘cringe’
In our news wrap Tuesday, Neomi Rao, the woman nominated to take the federal appeals court seat formerly held by Supreme Court Justice Brett Kavanaugh, voiced regrets for her past statements on rape, race and equal rights before the Senate…
Trump expected to tap critic of the World Bank to lead it
Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.
U.S. defends tough trade stance at global finance meeting
The United States is resisting pressure to back off President Trump's America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war.
Trump pledges $50 million to help women entrepreneurs
President Donald Trump said Saturday the U.S. would contribute $50 million to a new World Bank fund conceived by his daughter that aims to help women entrepreneurs access capital and other support.
Global finance leaders sought to avoid conflict with the Trump administration over trade and environmental policy.
When the Ebola outbreak struck West Africa in 2014, it took months for international agencies to funnel money into the affected areas. Eventually, more than 11,000 people died and the economic cost topped $10 billion. Now, the World Bank is…
WASHINGTON — Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring…
Migrants sent $436 billion in remittances to the developing world in 2014, according to a new report from the World Bank. That's far more than what the world's wealthiest nations spent in official development assistance.
France, Germany and Italy said on Tuesday that they would become founding members of the Asian Infrastructure Investment Bank (AIIB), a proposed development bank spearheaded by China, despite U.S. discouragement from doing so.
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