Global Trade and Business

Yellen ‘eager’ to work with China on debt, other global challenges

U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. Says Reuters news At a press conference before a meeting of Group of 20 finance ministers […]
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Ministers weigh contingency plan for collapse of Thames Water

The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn debt-pile. Sky New reports Ministers and Ofwat, the industry regulator, have started to hold discussions about the possibility of placing Thames Water into a special […]
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World Bank must drive private investment in climate transition, new chief says

The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday. Reuters reports Banga told CNN’s ‘Fareed Zakaria GPS’ program that efforts now underway to stretch the World Bank’s lending […]
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