Finance & Economics | WPN World People News

U.S. President Donald Trump is blocking Singapore-based Broadcom, maker of computer and smartphone chips, from taking over U.S. chipmaker Qualcomm.

An International Monetary Fund (IMF) staff team led by Jean-François Dauphin visited Algiers from February 27 to March 12 to hold discussions for the 2018 Article IV consultation. Discussions focused on the mix of policies and reforms to restore macroeconomic balances and foster sustainable and inclusive growth.

On February 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Lao P.D.R.

The meeting was a continuation of the cooperation between the three parties launched at the sidelines of the World Trade Organisation Ministerial in December of last year, to address issues such as trade-distortive practices that lead to severe global overcapacity in sectors like steel.

Ahead of the International Solar Alliance summit in New Delhi the President of the European Investment Bank, on March 10, signed a new EUR 150 million long-term loan with the Indian Renewable Energy Development Agency (IREDA) to support renewable energy investment across India. More than 1.1 million Indian households expected to benefit from clean energy produced by renewable energy schemes financed by the new initiative.

Investing in Greater Kampala will not only benefit residents, but the rest of Uganda, according to a World Bank report launched, on March 9. Titled From Regulators to Enablers: Role of City Governments in Economic Development of Greater Kampala, the report says that progress will depend on local city governments working together to jointly plan and implement policies, undertake infrastructure investments, and provide common services.

The Comprehensive and Progressive Pacific Partnership (CPTPP) will yield robust economic gains for Vietnam, says a new World Bank report, released on March 9, as Vietnam and 10 other countries sign the agreement.

An International Monetary Fund (IMF) mission led by Mr. Martin Sommer visited Ashgabat during February 19–March 6, 2018 to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials, representatives of real and financial sectors, and the diplomatic community.

U.S. President Donald Trump’s announcement of new tariffs on steel and aluminum is eliciting strong reactions at home and around the world.