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ADB capital management reforms unlock $100 bn in new funding over next decade

MANILA: The Asian Development Bank (ADB) today approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the...

ADB capital management reforms unlock $100 bn in new funding over next decade
Nepal-China business summit strengthens economic ties, FNCCI President Dhakal highlights investment opportunities in Nepal

Nepal-China business summit strengthens economic ties, FNCCI President Dhakal highlights investment opportunities in Nepal

In tit-for-tat move India expels Canadian diplomat as Ottawa links India to slaying of Sikh exile, expels intel chief

In tit-for-tat move India expels Canadian diplomat as Ottawa links India to slaying of Sikh exile, expels intel chief

G20 leaders paper over divisions on Ukraine, climate

G20 leaders paper over divisions on Ukraine, climate

Chaudhary Group and Adani Group’s cement business forge historic business partnership

Chaudhary Group and Adani Group’s cement business forge historic business partnership

Canada will require Google and Meta to pay media outlets for news under bill set to become law

Canada will require Google and Meta to pay media outlets for news under bill set to become law

IndiGo orders 500 Airbus A320 family aircraft worth $50 billion

IndiGo orders 500 Airbus A320 family aircraft worth $50 billion

RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till September 30

RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till September 30

UN wants $100 bn to boost digitization in poor countries

UN wants $100 bn to boost digitization in poor countries

Russian oil exports hit post-invasion high: IEA

Russian oil exports hit post-invasion high: IEA

India to ban sugar exports amid reports of decline in production

India to ban sugar exports amid reports of decline in production

Why China’s billionaires keep disappearing

Why China’s billionaires keep disappearing

IMF lowers 2023 global growth forecast to 2.8%, warns of half-decade of low growth

IMF lowers 2023 global growth forecast to 2.8%, warns of half-decade of low growth

Oil prices surge after surprise move to cut output

Oil prices surge after surprise move to cut output

Richard Branson’s Virgin Orbit files for bankruptcy after failing to find funding

Richard Branson’s Virgin Orbit files for bankruptcy after failing to find funding

IMF executive board approves $3 billion bailout package for Sri Lanka

IMF executive board approves $3 billion bailout package for Sri Lanka

SVB collapse: a contagion risk?

SVB collapse: a contagion risk?

Silicon Valley Bank collapse: Fears of financial crisis after bank used by tech sector fails

Silicon Valley Bank collapse: Fears of financial crisis after bank used by tech sector fails

Samsung Networks Looking to Enable Private 5G

Samsung Networks Looking to Enable Private 5G

Air India to buy up to $46 billion worth of Jets

Air India to buy up to $46 billion worth of Jets

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World Business

Gold Prices shatter historic records: Why the yellow metal is rising every day

Gold Prices shatter historic records: Why the yellow metal is rising every day

Bitcoin plunges sharply earlier today amid renewed risk aversion and global market pressure

Bitcoin plunges sharply earlier today amid renewed risk aversion and global market pressure

US strike on Venezuela sends ripples through global oil market

US strike on Venezuela sends ripples through global oil market

BYD overtake Tesla as world’s largest EV seller, Marking historic shift in global auto industry

BYD overtake Tesla as world’s largest EV seller, Marking historic shift in global auto industry

Around 40 killed, over 100 injured in explosion at Swiss Ski Resort bar

Around 40 killed, over 100 injured in explosion at Swiss Ski Resort bar

ACCA ends remote exams over AI cheating, Raising concerns for international students

ACCA ends remote exams over AI cheating, Raising concerns for international students

US moves further toward legalizing Marijuana, marking major shift in drug policy

US moves further toward legalizing Marijuana, marking major shift in drug policy

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