The executive directors of the World Bank (WB) today unanimously selected David R Malpass as president of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019.
Beijing reported GDP of over 3 trillion yuan (446.6 billion U.S. dollars) in 2018, authorities said Wednesday. According to the municipal statistics bureau, Beijing attained GDP of 3.03 trillion yuan last year, up 6.6 percent.
American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.
Indonesia's top e-commerce site Tokopedia said Wednesday it has raised $1.1 billion in funding from investors including Japanese tech giant SoftBank and Chinese online store Alibaba.
Tencent Music, the streaming division of Chinese technology giant Tencent, said Tuesday it will raise $1.07 billion from the pricing of its US public share offering.
Coinciding with a recent trade truce between the United States and China to usher in dialogue and trade negotiation, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has released a new report discussing the impact of a full-blown trade war and charting potential policy responses in the region to withstand the headwinds.
India's ruling party looked set to lose power in at least one of three traditional stronghold states releasing election results Tuesday, in a blow to Prime Minister Narendra Modi ahead of national polls in 2019. Early election results in the central state of Chhattisgarh indicated the main opposition Congress party of Rahul Gandhi would win 59 seats compared to just 11 for Modi's Bharatiya Janata Party.
Fresh fears over headwinds facing the global economy saw Asian stocks plunge into the red Friday, in light holiday trading after US markets were closed for Thanksgiving.
Saudi Arabia said it will trim oil exports by 500,000 barrels per day in December, as major producers met Sunday to consider cuts to shore up sagging prices.
The United States and Japan announced Wednesday they will open negotiations on a bilateral trade agreement between the world's first- and third-largest economies.
Ninety elephant carcasses have been discovered in Botswana with their tusks hacked off, a charity said Tuesday, in what is believed to be one of Africa's worst mass poaching sprees.
More than 1,200 people have been killed across South Asia in monsoon storms so far this year, according to figures collected by AFP as India counts the rising toll from floods that have devastated southern Kerala state.
North Korea's population increased by 100,000 from a year ago to 25.60 million this year, a U.S. government-funded radio station reported Thursday, citing data released by the Population Reference Bureau (PRB), a Washington-based non-profit organization.
United States President Donald Trump has shared a picture of him with European Commission President Jean-Claude Juncker after a joint press conference, where both joined hands to eliminate tariffs.
The Nepal Army has so far completed works on opening the track of 26 road projects of the country. According to the Development and Construction Directorate of the Nepal Army, a total of 1,048 kilometres of road has been constructed in course of completing these projects. The Nepal Army had got responsibility to construct the roads in rural and hilly districts.