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Global climate goals are on course to be missed

Location:

INTERNATIONAL

Amid rising energy and food prices, the report reaffirms the magnitude of the climate change challenge. Building on the previous two working group reports, it sets out potential…

World Bank may shift global financing model for LICs

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INTERNATIONAL

The comments come as the World Bank is pressing donors to provide at least 65 billion dollars for the International Development Association (IDA), the Bank's financing arm for…

COVID-19 and oil shocks raise Gulf recession risks

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GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Philippines-UK defence and trade ties will grow

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PHILIPPINES/UK

The country's vote to leave the EU has added momentum to a realignment of UK economic and foreign policy towards the Asia-Pacific region underway for some years. Parliamentarian…

Zambia faces default despite bondholders’ reprieve

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ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Canada faces the prospect of a public-sector strike

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CANADA

Employees at the Canada Revenue Agency voted for strike action last week, setting the scene for a potential showdown between the government and as many as 300,000 workers. Any…

International green bond market set to strengthen

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INTERNATIONAL

Green bonds.

US Fed faces long-term COVID-19 challenges

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UNITED STATES

In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.

Castro's Cuba reforms to face pressure on all fronts

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CUBA

The release of the 32-page document follows the historic visit of US President Barack Obama in March, and the PCC congress in April, which the government used to reaffirm the…

Hungary must make real changes to unlock EU funds

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HUNGARY/EU

The first triggering of the EU’s rule-of-law mechanism and the possibility of losing billions of euros as Hungary teeters on the brink of recession have put the government under…