World Bank president nominee Ajay Banga tests positive for Covid-19 in Delhi

Global tensions impact World Bank and IMF Spring Meetings

The World Bank and International Monetary Fund's annual Spring Meetings kick off this week with concerns over high inflation, rising geopolitical tension, and financial stability.

IMF Says Less Global Economic Growth Will Lead to More Poverty

IMF Says Less , Global Economic Growth , Will Lead to More Poverty. On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. . On April 6, the head of the International Monetary Fund (IMF), said that the global economy is on track , to grow just 3% this year. . ABC reports that the dwindling growth increases the risk of hunger and poverty globally. According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. . According to the IMF's Kristalina Georgieva, , growth is expected to linger at 3%, for the next five years. . Poverty and hunger could further increase, a dangerous trend that was started by the COVID crisis, Kristalina Georgieva, managing director of the International Monetary Fund, via ABC. The news comes ahead of meetings between the IMF and the World Bank in Washington next week. . The news comes ahead of meetings between the IMF and the World Bank in Washington next week. . ABC reports that policymakers are expected to discuss the most pressing issues facing the global economy. . ABC reports that policymakers are expected to discuss the most pressing issues facing the global economy. . The meeting comes as central banks continue to raise interest rates around the world amid an ongoing debt crisis among emerging economies. The meeting comes as central banks continue to raise interest rates around the world amid an ongoing debt crisis among emerging economies. According to the IMF, persistently high interest rates are just one of the major hurdles the world's economies face. Another major factor is reportedly the collapse of banks in both the United States and Europe. . Another major factor is reportedly the collapse of banks in both the United States and Europe. . Meanwhile, deepening geopolitical divisions, across the globe present another, major threat to financial stability.

World Bank cuts India’s GDP growth forecast to 6.3% in FY24, calls economy resilient | Oneindia News

On Tuesday, the World Bank lowered India's FY24 economic growth forecast to 6.3% from its December estimate of 6.6%. The institution cited a deceleration in consumption and challenging external conditions. #WorldBank #IndiaGDP #FY24 ~PR.151~HT.99~ED.101~

Varanasi-bound IndiGo plane makes emergency landing in Telangana | Oneindia News

Varanasi-bound IndiGo plane makes emergency landing in Telangana; World Bank cuts India's GDP forecast for 2023-24 by 30 bps; India reports 3,038 new cases of Covid-19 in 24 hours, India responds to China renaming 11 places in Arunachal Pradesh #IndiGoEmergencyLanding #VaranasiIndiGoFlight #IndiGo ~PR.152~ED.102~GR.125~HT.96~

China's CDC Warns of Rising Cases Amid New COVID Variant

China's CDC , Warns of Rising Cases , Amid New COVID Variant. NBC reports that China is facing a potential COVID surge of up to 65 million cases per week by the end of June. The news comes just months after China lifted far reaching 'zero-COVID' measures that included strict lockdowns, mass testing and forced quarantines. . Respiratory disease specialist Zhong Nanshan released new data at a medical conference this week in the southern city of Guangzhou. . NBC reports that the United States and China stopped releasing weekly case updates earlier this month, making it difficult to determine the extent of the current outbreak. NBC reports that the United States and China stopped releasing weekly case updates earlier this month, making it difficult to determine the extent of the current outbreak. The U.S. State Department, which lifted testing requirements for travelers from China in March, declined to say whether further restrictions were being considered. State Department spokesman Matt Miller said that the situation was being monitored in cooperation with the Centers for Disease Control and Prevention. State Department spokesman Matt Miller said that the situation was being monitored in cooperation with the Centers for Disease Control and Prevention. We don’t want to see people anywhere, obviously, suffering from COVID-19, Matt Miller, U.S. State Department spokesman, via NBC. According to Miller, the U.S. remains committed to cooperation with China , "on transnational challenges, including on global health matters and maintaining open lines of communication.". According to Miller, the U.S. remains committed to cooperation with China , "on transnational challenges, including on global health matters and maintaining open lines of communication.". The Chinese Center for Disease Control and Prevention's chief epidemiologist said that about 80% of China's 1.4 billion people were infected by the first omicron wave. The Chinese Center for Disease Control and Prevention's chief epidemiologist said that about 80% of China's 1.4 billion people were infected by the first omicron wave. NBC reports that waning immunity from that previous wave of variants may be increasing the risk of reinfection in China.

EU court cancels approval of COVID-19 state aid to 3 Italian airlines

Earlier this month, the General Court of the European Union also struck down a 6 billion financial aid package Germany had granted Lufthansa during the pandemic. both cases have been brought forward by competitor Ryanair.

Delhi-NCR witness rain and strong winds as relief from severe heat wave | IMD | Oneindia News

Rain along with strong winds and dust storms hit parts of Delhi on Thursday, days after the weather office declared a heat wave in the capital. The India Meteorological Department (IMD) said today that similar conditions are expected to prevail in the capital over the next two to three days and that no heat wave is predicted until May 30. #IMD #Delhi #Rainfall ~PR.151~HT.98~ED.155~