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United Kingdom

Andrea Shalal

World Bank approves record $500 million to battle locust swarms

21 May 2020

WASHINGTON The World Bank on Thursday approved a record $500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts that are eating their way across vast swaths of crops and rangelands.

World Bank names financial crisis expert Reinhart as chief economist

20 May 2020

WASHINGTON The World Bank on Wednesday named former Bear Stearns executive Carmen Reinhart as its chief economist, tapping a financial crisis expert who also currently serves on advisory boards of the IMF and the New York Federal Reserve.

Business group cautions U.S. on 'reshoring' too much China supply

19 May 2020

WASHINGTON The U.S. Chamber of Commerce on Tuesday warned the U.S. government against overdoing a major effort underway to rip U.S. supply chains out of China in the wake of the coronavirus pandemic, saying such moves could harm the economy.

U.S. guitar maker PRS resumes hand-building instruments - at a safe distance

19 May 2020

STEVENSVILLE, Md. Maryland's decision to reopen non-essential businesses came just in time for high-end guitar maker PRS Guitars, which kept 374 workers on its payroll during an eight-week shutdown that has gouged a deep hole in revenues, executives said. | Video

U.S. guitar maker PRS resumes hand-building instruments - at a safe distance

19 May 2020

STEVENSVILLE, Md., May 19 Maryland's decision to reopen non-essential businesses came just in time for high-end guitar maker PRS Guitars, which kept 374 workers on its payroll during an eight-week shutdown that has gouged a deep hole in revenues, executives said.

IMF chief says ratings worries dampen interest in G20 debt relief

18 May 2020

WASHINGTON Some of the world's poorest countries are reluctant to seek debt relief under a program backed by the Group of 20 major economies out of concern it could harm their credit ratings and future market access, the head of the International Monetary Fund said.

IMF chief warns full global economic recovery unlikely in 2021

18 May 2020

WASHINGTON The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.

IMF chief says ratings worries dampen interest in G20 debt relief

18 May 2020

WASHINGTON, May 18 Some of the world's poorest countries are reluctant to seek debt relief under a program backed by the Group of 20 major economies out of concern it could harm their credit ratings and future market access, the head of the International Monetary Fund said.

IMF chief Georgieva says sees only partial recovery of global economy in 2021; full recovery will take 'much longer' -interview

18 May 2020

May 18 The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.

U.S. mulls paying companies, tax breaks to pull supply chains from China

18 May 2020

WASHINGTON U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.

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