European Central Bank and the People’s Bank of China establish a bilateral currency swap agreement
The European Central Bank (ECB) and the People’s Bank of China (PBC) have agreed to establish a bilateral currency swap arrangement to purchase and subsequently repurchase Chinese yuan and euro from each other.
Reform R&D tax systems to boost innovation and help young firms, says Organisation for Economic Co-operation and Development
Most Organisation for Economic Co-operation and Development (OECD) governments use tax incentives to encourage businesses to invest in research and development (R&D) to boost innovation and drive economic growth. Others, like China, India and...
Joint British-Chinese partners to construct new £800 million Manchester ‘Airport City’
One of the largest ever British-Chinese joint ventures has won the contract to develop Manchester’s £800 million ‘Airport City’, Chancellor George Osborne has announced.
Robots Become China's Growing Labor Force
World Bank Mobilizes $50 million in Grants to Help Jordan Address Impact of Syrian Crisis on Municipalities
Jordan and the World Bank signed a grant for US$10 million which is part of an over US$50 million support program aimed at strengthening local governments’ service delivery and the municipalities’ capacity to host Syrian refugees. The Jordan Emergency...
G20 meeting in Washington DC: a search for measures to boost growth and a promise to turn ideas into concrete actions
The global economy, financial stability and financing for investment formed the core items during the G20 Finance Ministers and Central Bank Governors’ Meeting, which was held in Washington DC on 10-11 October. Finance ministers and Governors agreed...
Important decisions by the Transport Council on rail safety, air traffic management, on funding of maritime safety agency and on setting up a satellite navigation agency
EU strategies on how to increase safety and efficiency of air traffic management, improve air traffic control and safety, and better protect air passenger interests were discussed, October 10, in Luxembourg at the Meeting of Transport,...
IMF Secures Financing to Sustain Concessional Lending to World’s Poorest Countries over Longer Term
The International Monetary Fund (IMF) secured today resources needed to sustain concessional lending to low-income countries (LICs) at an average annual capacity of about SDR 1.25 billion (about US$1.92 billion) over the longer term, which is broadly...
Report Finds 400 Million Children Living in Extreme Poverty
The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according to a new...
Report Finds 400 Million Children Living in Extreme Poverty
The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according to a new...
