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Japan pledges $20 mil. to World Bank for critical minerals supply chains

Japanese Finance Minister Satsuki Katayama (R) and World Bank President Ajay Banga pose for a photo at the Finance Ministry in Tokyo on June 1, 2026, after signing a document on cooperation to help developing countries strengthen supply chains for critical minerals. Japan will disburse $20 million for a new facility to spur investments in those countries.

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Philippines: Typhoon Kalmaegi Triggers Severe Flooding, Displacing Thousands 4

At least 140 people have died and 127 remain missing after Typhoon Kalmaegi struck the Philippines, with the central province of Cebu suffering the worst damage from floods and mudslides. Homes were destroyed and streets were left buried in debris, forcing thousands of residents to evacuate. In Cebu, floodwaters rose to roof level in some areas. A state of calamity has been declared in Cebu to speed up emergency response as rescue operations continue.

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Illustration - Bank

USA. NEW YORK. MANHATTAN. WELLS FARGO BANK BUILDING Photo by Serge Attal/Only World/ABACAPRESS.COM

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Illustration - Bank

USA. NEW YORK. MANHATTAN. CHASE BANK Photo by Serge Attal/Only World/ABACAPRESS.COM

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From AI to new energy vehicles, China's emerging industries a boon for the world

STORY: From AI to new energy vehicles, China's emerging industries a boon for the world SHOOTING TIME: June 25/27, 2024 DATELINE: June 27, 2024 LENGTH: 00:01:22 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): MU XUYAO, Xinhua correspondent 2. SOUNDBITE 1 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 3. SOUNDBITE 2 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 3 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 5. SOUNDBITE 4 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine STORYLINE: STANDUP (English): MU XUYAO, Xinhua correspondent "From artificial intelligence to electric vehicles, China's progress made in science and technology and green transformation has impressed many participants at the Summer Davos. What could the country's technological advancement and high-quality development bring to the world?

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China's green transformation, innovation impress Summer Davos attendees

STORY: China's green transformation, innovation impress Summer Davos attendees SHOOTING TIME: June 25, 2024 DATELINE: June 26, 2024 LENGTH: 00:02:34 LOCATION: Dalian, China CATEGORY: ECONOMY SHOTLIST: 1. various of 15th Annual Meeting of the New Champions (Summer Davos) 2. various of China's Liaoning Province 3. SOUNDBITE 1 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 2 (English): ALEX ZHAVORONKOV, CEO, Insilico Medicine, the U.S. 5. various of China 6. SOUNDBITE 3 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 7. SOUNDBITE 4 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 8. various of China 9. SOUNDBITE 5 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 10. SOUNDBITE 6 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine 11. various of 15th Annual Meeting of the New Ch

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World Bank Group approves new financing for Egypt

STORY: World Bank Group approves new financing for Egypt SHOOTING TIME: File DATELINE: June 25, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Egypt STORYLINE: The World Bank approved on Monday the provision of 700 million U.S. dollars in financing the Egyptian government, within the framework of the Development Policy Financing (DPF) program, to enhance macroeconomic stability. The DPF program is designed to support the government's efforts to address short-term economic challenges, contribute to strengthening structural reforms, increase the competitiveness of the economy, and improve the business environment in Egypt. Egyptian Minister of International Cooperation Rania Al-Mashat said the Egyptian government pledges to implement ambitious economic and structural reforms, aiming at creating a more competitive economy. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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US: Multiple Arrested At Pro-Palestine Protest Outside NYU Stern School Of Business

Hundreds of pro-Palestinian demonstrators, including students and faculty members, rallied outside the New York University Stern School of Business on Monday, April 22. As the protest intensified, multiple protesters were taken into custody.

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G7 to set up fund to strengthen supply chains

Japanese Finance Minister Shunichi Suzuki (L) and World Bank President Ajay Banga attend an event in Marrakesh, Morocco, on Oct. 11, 2023, where a Group of Seven initiative to set up a new fund to strengthen supply chains for carbon-free goods was announced.

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World Bank says Indian economy to grow at 6.3 pct in FY 2023-24

STORY: World Bank says Indian economy to grow at 6.3 pct in FY 2023-24 DATELINE: Oct. 5, 2023 LENGTH: 00:01:39 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wholesale market 3. various of crop fields and crop harvesting STORYLINE: The World Bank Tuesday said the Indian economy is projected to grow at 6.3 percent in the current financial year. The international financial institution, in its report, said India continues to show resilience against the backdrop of a challenging global environment. India Development Update (IDU), the World Bank's half-yearly report on the Indian economy, observes that despite significant global challenges, India was one of the fastest-growing major economies in FY22-23 at 7.2 percent. "India's growth rate was the second highest among G20 countries and almost twice the average for emerging market economies. This resilience was underpinned by robust domestic demand, strong public infrastructure investment and a strengthening financial s

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Congo to benefit from China-proposed BRI: minister

STORY: Congo to benefit from China-proposed BRI: minister DATELINE: Sept. 25, 2023 LENGTH: 0:01:03 LOCATION: Brazzaville CATEGORY: ECONOMY SHOTLIST: 1. various of Brazzaville 2. SOUNDBITE (French): JEAN-BAPTISTE ONDAYE, Congolese minister of economy and finance STORYLINE: Congolese Minister of Economy and Finance Jean-Baptiste Ondaye said that countries around the world, including the Republic of the Congo, are expected to benefit from the Belt and Road Initiative (BRI). He made the remarks after a ribbon-cutting ceremony for a new branch of the Sino-Congolese Bank for Africa in Brazzaville, the Congolese capital, on Friday. SOUNDBITE (French): JEAN-BAPTISTE ONDAYE, Congolese minister of economy and finance "The Belt and Road Initiative is certainly the biggest infrastructure project in history. This project aims to increase connectivity and cooperation, through ambitious infrastructure and trade agreements. Other countries and regions of the world, including the Republic of the Congo, should be able to

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REPUBLIC OF CONGO-BRAZZAVILLE-ECONOMY-BRI

(230923) -- BRAZZAVILLE, Sept. 23, 2023 (Xinhua) -- Congolese Minister of Economy and Finance Jean-Baptiste Ondaye addresses the ribbon-cutting ceremony for a new branch of the Sino-Congolese Bank for Africa (BSCA) in Brazzaville, capital of the Republic of the Congo, Sept. 22, 2023. Countries around the world, including the Republic of the Congo, are expected to benefit from the Belt and Road Initiative (BRI), said Congolese Minister of Economy and Finance Jean-Baptiste Ondaye. TO GO WITH "Congo to benefit from China-proposed BRI: minister" (Photo by Guy-Gervais Kitina/Xinhua)

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U.S.-NEW YORK-PRC 74TH FOUNDING ANNIVERSARY-CELEBRATION

(230917) -- NEW YORK, Sept. 17, 2023 (Xinhua) -- Jim Yong Kim, former president of the World Bank Group, speaks at a reception celebrating the 74th anniversary of the founding of the People's Republic of China, in New York, the United States, Sept. 13, 2023. TO GO WITH "Roundup: American veteran diplomats call for revitalizing U.S.-China relations" (Photo by Zhou Huanxin/Xinhua)

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World Bank President Ajay Banga

World Bank President Ajay Banga speaks to reporters on Sept. 10, 2023, in New Delhi where he attended a Group of 20 summit for the first time.

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