“Trump Trade” soars in aftermath of Tuesday’s elections

by Ananya Chag | Nov 6, 2024 | Business, Campaign 2024, Featured

WASHINGTON – U.S. stock futures soared to record highs Wednesday in response to Donald Trump’s win in the battle against Vice President Kamala Harris for president. The Dow Jones Industrial Average rose 3.4%, or around 1,430 points, around 1:50 pm EST, notching...

Photos: IMF and World Bank annual meetings draw climate, humanitarian protesters

by Hannah Webster | Oct 29, 2024 | Business, Featured

WASHINGTON — Around 80 protesters gathered to criticize the World Bank and International Monetary Fund for climate and development policies on Friday. Representatives from various climate action groups met at Edward Murrow Park to hear from global advocacy leaders...

IMF: Carbon Emissions Exceed Global Warming Goals

by Hannah Webster | Oct 24, 2024 | Environment, Featured

WASHINGTON – Only nine years after the signing of the Paris Agreement — a landmark treaty promoting international cooperation to combat climate change  — global carbon emissions are out of line with Paris’ global warming targets, the International Monetary Fund (IMF)...

IMF warns global public debt is nearing over $100 trillion and won’t stop

by Ananya Chag | Oct 23, 2024 | Business, Featured

WASHINGTON — The International Monetary Fund projected global public debt to exceed $100 trillion by the end of 2024 in its bi-annual Fiscal Monitor report, released Wednesday at the Annual Meetings of the World Bank and the IMF. “Public debt may be worse than it...

Yellen says U.S. is finalizing $20 billion commitment to Ukraine aid

by Ananya Chag and Heather Zhu | Oct 22, 2024 | Business, Featured, Topics

WASHINGTON — Treasury Secretary Janet Yellen said that the U.S. is finalizing a $20 billion contribution to G7’s $50 billion loan to Ukraine in remarks on Tuesday. “We’re 99% of the way there,” Yellen said at a Treasury press conference, starting off the World Bank...