World Bank Shareholders Back $13B Capital Increase

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. The multilateral lender said the plan would allow it to lift the group’s overall lending to nearly $80 …

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World Bank Shareholders Back $13 billion Capital Increase

The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. The multilateral lender said the plan would allow it to lift the group’s overall lending to nearly $80 …

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EU, Mexico Reach New Free Trade Deal

The European Union and Mexico reached an agreement Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump’s election …

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Trump Mulling Full Pardon for Boxing Legend Johnson

President Donald Trump said Saturday that he was considering “a Full Pardon!” for boxing’s first black heavyweight champion, more than 100 years after Jack Johnson was convicted by an all-white jury of “immorality” in connection with one of his relationships. Trump tweeted that actor Sylvester Stallone had called him to share …

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China: No Military Aim of Corridor Project With Pakistan

China has strongly refuted suggestions its multibillion-dollar economic corridor now under construction with Pakistan has “hidden” military designs as well.   Beijing has pledged to invest about $63 billion in Pakistan by 2030 to develop ports, highways, motorways, railways, airports, power plants and other infrastructure in the neighboring country, traditionally …

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DOJ: Did AT&T, Verizon Make it Hard to Switch?

The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers.   The companies confirmed the inquiry in separate statements late Friday in response to a report in The New York Times.    The U.S. …

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Report: Sanctions-Hit Russian Firms Seek $1.6B in Liquidity

Russian companies hit by U.S. sanctions, including aluminum giant Rusal, have asked for 100 billion rubles ($1.6 billion) in liquidity support from the government, Finance Minister Anton Siluanov was quoted by the Interfax news agency as saying Friday. The United States on April 6 imposed sanctions against several Russian entities and individuals, including …

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Top 5 Songs for Week Ending April 21

We’re firing up the five most popular songs in the Billboard Hot 100 Pop Singles chart, for the week ending April 21, 2018. Things really jump on this week’s lineup as we welcome two new tracks — including the Hot Shot Debut. Number 5: BlocBoy JB Featuring Drake “Look Alive” …

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Producer, DJ Avicii Found Dead

The Swedish-born producer and DJ known as Avicii has been found dead in Oman.   Publicist Diana Baron said in a statement that the 28-year-old DJ, born Tim Bergling, was in Muscat, Oman.   Avicii was a pioneer of the contemporary Electronic Dance Movement and a rare DJ capable of …

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