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Small global warming rise would have ‘alarming’ impact: World Bank
WASHINGTON (Reuters) – Much of Bangkok could flood within the next two decades if global warming stays on its current trajectory, as sea levels rise and cyclones intensify, the World Bank said in a new report on Wednesday. The flooding of 40 percent of the Thai capital was just one…
World Bank president vows to ‘eradicate’ poverty within a generation
The IMF and World Bank on Saturday backed a bold Bank goal to eradicate extreme poverty within a generation and raise the shared prosperity of their 188 member countries. The Development Committee, representing the International Monetary Fund and the World Bank on development issues, said it had endorsed the “ambitious”…
World Bank: Global drive needed to wipe out poverty by 2030
World Bank chief Jim Yong Kim on Tuesday called for a global drive to wipe out extreme poverty by 2030, acknowledging that reaching the goal will require extraordinary efforts. “A world free of poverty is within our grasp. It is time to help everyone across the globe secure a one-way…
World Bank links obesity to high food prices
Food prices have dropped since peaking six months ago but remain near record levels, pushing the world’s poorest people toward “undernutrition” and obesity, the World Bank says. “Unhealthy food tends to be cheaper than healthy ones, like junk food in developed countries,” said Otaviano Canuto, World Bank Group’s vice president…
What have we learned from SARS?
A decade ago, a highly contagious and deadly new illness sent people worldwide scrambling to cancel flights and holidays as schools closed and sales of surgical masks spiked. Severe Acute Respiratory Syndrome (SARS) was the first “new” disease of the 21st century to jump from an animal host to humans,…
World Bank investor backs luxury hotels over poverty-reduction programs
By Cheryl Strauss Einhorn, Special to ProPublica This story was co-published with Foreign Policy. Accra is a city of choking red dust where almost no rain falls for three months at a time and clothes hung out on a line dry in 15 minutes. So the new five-star Mövenpick hotel…
Investment alliance with $22 trillion in assets pleads for urgent climate action
An alliance of some of the world’s largest investment groups, worth a combined total of $22 trillion in assets, urged world leaders this week to take calls for action on climate change seriously. Ceres, which represents institutional investment interests around the world, sent an open letter to the globe’s largest…
World Bank warns global temp. could rise devastating 4 degrees this century
The World Bank warned Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor. Issuing a call for action, the World Bank tied the future wealth of the planet — and especially developing regions — to…
French president Hollande to meet with World Bank
French President Francois Hollande holds talks on Monday with the heads of the World Bank and other top economic bodies to discuss the eurozone debt crisis and ways to kickstart growth. The meeting will start at 11:00 am (1000 GMT) at the Paris headquarters of the OECD and will be…
World leaders meet on disaster management in Japan
SENDAI, Japan — Politicians and aid officials will gather in Japan’s quake- and tsunami-hit northeast Tuesday to discuss what lessons can be learned from disasters. Pre-emptive measures to reduce damage — and save lives — when nature strikes will be top of the agenda at this two-day conference, part of…
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