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World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise
World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise JAKARTA, June 11 : The World Bank said on Thursday that Indonesia's economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from an ambitious spending programme and the rising cost of fuel subsidies in the wake of the Iran war. The forecast by the World Bank is lower than Indonesia's growth projections of 5.4 per cent to 6 per cent. Indonesia has been dogged by heavy...
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers sayThe world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions...
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers sayThe world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions...
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers sayThe world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions...
King Charles approves extra World Cup bank holiday for Scotland this month – but England could miss out
Scotland will get a bank holiday to celebrate the first time the men’s team has qualified since 1998
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
A bidding war over Italy's Monte dei Paschi di Siena has erupted between rivals Intesa Sanpaolo and Banco BPM, with the two lenders vie for control of the world's oldest bank. Intesa on Monday announced an unsolicited offer of 30.6 billion euros ($35.3 billion), hoping to usurp its rival and create Europe's second-biggest bank by market capitalization. In a statement, its offer outlined a premium of 12.5% versus MPS's closing share price on Friday.
Deep learning four decades of human migration
Abstract Human migration is a fundamental driver of global demographic change, shaping population structure, labour markets and social policy across countries1,2,3. Although long-term migration patterns are often linked to economic development4, they can shift rapidly in response to shocks such as conflict, environmental crises and political change5. Despite its importance, migration remains difficult to measure consistently: existing data are sparse, concentrated in high-income settings and...
Paraguay bank on Alfaro's psychology-driven approach at World Cup
Paraguay bank on Alfaro's psychology-driven approach at World Cup ASUNCION, June 1 : Gustavo Alfaro is being hailed in Paraguay as the key figure behind the rapid turnaround of a team who had struggled in South American qualifying and are now World Cup-bound, with many crediting a strategy rooted in psychology. Since taking over in August 2024, the 63-year-old Argentine manager has won over both players and fans with results and a motivational style, often drawing on authors and historical...
Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?
Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.
'An ideal stage': Los Angeles banking on past lessons as it prepares to be World Cup starting point
'An ideal stage': Los Angeles banking on past lessons as it prepares to be World Cup starting point With millions of eyes on the World Cup, Los Angeles is host to the first match in the US. CNA's Matthew Mohan spoke to top officials about how it is preparing for the tournament. LOS ANGELES, California: As Los Angeles prepares to be a launchpad of this year’s World Cup, the celebratory mood that comes with every tournament has yet to fully sink in.