News from Around the World

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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.

Students and trade unions demonstrate in Rome against government budget cuts on Thursday. Photo: EPA

Italy Suffers Recession Alone in Economic, Political Isolation


Italy’s recession at the end of 2018 was almost unprecedented among the euro area’s major members and provided further evidence of the self-inflicted damage to the economy.

OECD

OECD, G20 members like India & China should not get special rights: US to WTO


NEW DELHI: The US has proposed withdrawal of special rights and exemptions for emerging economies such as India and China, which are members of the Organisation for Economic Cooperation and Development (OECD), Group of 20 (G20), classified as “high income” by the World Bank or account for more than 0.5% of global merchandise trade.

FILE - The World Bank logo is seen on the building of the Washington-based global development lender, in Washington, Jan. 17, 2019. Share  Print

Lebanon Nominates Challenger to Trump's Choice to Lead World Bank


WASHINGTON — Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. President Donald Trump's choice to lead the development lender, Hayek said in a Twitter post on Tuesday.