June 9, 2023
Jerusalem CNN — Israeli settlers attack Palestinians in West Bank Friday left the man in critical condition and drew international condemnation, including from the US. Settlers on Friday attacked local farmers and set fire to cars and farms near the villages of Turmosaya and Al-Mugayer north of Ramallah, eyewitnesses told CNN and local reporters. According
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The World Bank raised its 2023 growth forecast for the Philippines to 6.0 percent from 5.6 percent earlier, citing strong domestic demand. The Washington-based multilateral organization still expects growth to slow down, keeping its forecasts for 2024 and 2025 at 5.9 percent, data released Wednesday showed. The World Bank Group headquarters building in Washington, DC
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When the Silicon Valley bank went bankrupt in March 2023, the current legal rule was that the Federal Deposit Insurance Corporation (FDIC) only insured bank deposits up to $250,000. This is enough for almost every family. But a number of businesses had much larger amounts in deposits at the bank, and when these businesses became
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The World Bank announced the approval of the $176 million Philippine Fisheries and Coastal Resilience (Fishcore) project to improve the management of the country’s fisheries and coastal resources. Fishcore is committed to addressing problems in the fishing sector such as declining catches, high post-harvest losses and high levels of poverty among fishing communities. The project
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Financial watchdogs should increase their budgets “significantly” in the wake of the recent banking crises, the head of the central bank umbrella body said, arguing that more intense daily oversight is critical to preventing disruptions. World politicians are weighing rule changes to better insulate banks from risks such as changes in interest rates and a
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The World Bank (WB) has approved a loan for a project aimed at improving the country’s fish production and increasing the income of local fishermen. The Washington-based multilateral lender said its board of executive directors has approved a $176 million loan for the Philippine Fisheries and Coastal Resilience Project (FISHCORE). The lender stated that FISHCORE
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The Philippine Veterans Bank (PVB) fundraising effort goes into full swing this June, targeting new shareholders of post-war World War II veterans, AFP retirees and their families. This happened after the passage of Republic Act 11597 or the Philippine Veterans Bank Act in December 2021. Until recently, PVB was owned by over 385,000 World War
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This article is a local version of our FirstFT Newsletter. Subscribe to our Asia, Europe/Africa P America edition to receive it straight to your inbox every weekday morning Rising interest rates delay mergers and acquisitions of European banks by at least two yearsdealmakers warn as the punitive nature of accounting rules means that long-awaited consolidation
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The World Bank (WB) has announced the approval of a $100 million loan for a program to improve farm productivity in Mindanao. The Washington-based multilateral lender said over the weekend that its board of directors has launched the Mindanao Inclusive Agriculture Development Project (MIADP). It states that about 120,000 farmers and fishermen in selected ancestral
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A new development bank, the Shanghai-based lender better known as the “BRICS Bank”, is in talks with Saudi Arabia to admit the country as its ninth member. sanctions. The addition of the kingdom will strengthen ties between the bank, created by the world’s largest emerging economies as an alternative to the Western-led Bretton Woods institutions,
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