News from Around the World

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Pablo Martinez Monsivais/AP

India Becomes Trump's Latest Trade Target


In his latest salvo against unfair trade practices in a major Asian market, President Trump says he plans to end preferential trade treatment for India, which sought to downplay the significance of the move.

Ziad Hayek, an expert on public-private partnerships and former investment banker. Photo by: Lebanon’s High Council for Privatization and PPP

Lebanon withdraws World Bank nominee under pressure


WASHINGTON — Lebanon has withdrawn its nomination of Ziad Hayek to be the next World Bank president. Hayek told Devex the Lebanese government made its decision because of “pressure” from other governments.

DEVEX

Calls for stronger accountability after IFC Supreme Court ruling


LONDON — The U.S. Supreme Court decision that the World Bank does not have absolute immunity from prosecution is unlikely to trigger a flood of lawsuits but it could bolster calls for the institution to strengthen its internal accountability mechanisms, international lawyers said.

Source: CNN

Only six countries have equal rights for men and women, World Bank finds


London (CNN)- The world is moving towards legal gender equality -- but it's moving very, very slowly.

DPA: The Economist

Will a Worsening Outlook for Inflation Force the ECB to Act?


Patience, persistence and prudence: the latest incarnation of the European Central Bank’s policy guidance appears to take a leaf out of early Christian writings on virtue. The central bank has counselled that, because it takes time for pricing pressures to recover from crisis years, it will keep interest rates unchanged at least through the summer of this year.

Photographer: Al Drago/Bloomberg Politics

U.S. Supreme Court Rules Against World Bank Arm on Immunity


The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India.

Illustration: Aïda Amer/Axios

The Green New Deal That the Market Loves


While the Green New Deal is drawing both devotees and detractors on Capitol Hill, green energy is seeing nothing but love in the market.

A global gathering of mobile and telecom companies in Barcelona, Spain, has become a referendum on the Chinese technology giant Huawei.

U.A.E. to Use Equipment From Huawei Despite American Pressure


BARCELONA, Spain — The United Arab Emirates said on Tuesday that it would use equipment from the Chinese technology giant Huawei to build a new high-speed wireless network, despite pressure by the United States to steer clear of the company’s products.

REUTERS

Sri Lanka stocks, rupee fall; budget, IMF talks outcome awaited


COLOMBO, Feb 25 (Reuters) - ** Sri Lankan shares and the rupee closed weaker on Monday, with investors awaiting cues from next week’s budget and the outcome of talks between government authorities and the IMF, market source said. **

The latest round of Trump tariffs effectively tax half of all Chinese goods exported to the US. GETTY IMAGES

The US and China may be nearing a trade deal. That won't stop the global economic slowdown


The U.S. and China appear to be close to ending a tariff fight that hurt financial markets and dented economic activity worldwide, but that's not going to stop the slowdown already seen in the global economy, experts said on Monday.