The United States faced a deadline Friday to nominate a new World Bank chief, as strong candidates backed by emerging countries ramped up the pressure on Washington to name a high-profile figure.
Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent, the World Bank said Tuesday.
CARACAS — Venezuela will not recognize any decisions by the World Bank's arbitration forum, President Hugo Chavez said Sunday, digging his heels in over a multibillion-dollar dispute with ExxonMobil.
