New World Bank Chief

HSBC Bank has named Indian-origin Pam Kaur as its new Chief Financial Officer (CFO), the first woman to hold this position in its 160-year history. She is replacing Georges Elhedery, who took over as CEO earlier this year.

Israeli settlements in the occupied Palestinian territories have expanded by a record amount and risk eliminating any practical possibility of a Palestinian state, the U.N. human rights chief said on Friday.

The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.

India's growth rate gives it an advantage in tackling poverty if the country maintains the current momentum, the new World Bank President Ajay Banga said in Delhi today.

The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Ajay Banga will be a transformational leader, who will bring expertise, experience, and innovation to the position of World Bank president, US President Joe Biden said after the former Mastercard CEO was confirmed as the new head.

Air India Ltd. is in talks with banks to help fund its recently announced record aircraft order, benefitting from the support of new owner Tata Sons Ltd., the carrier's chief executive officer said.

Shaktikanta Das, Governor of Reserve Bank of India, says that after Covid-19 and Ukraine, "now we are in the midst of a third major shock, a storm..."

Be prepared for fresh COVID-19 waves, WHO chief scientist Soumya Swaminathan has warned, amid the onset of new variants that are more transmissible, immune evasive and growing concerns about greater hospitalisations.

IBM Chairman and Chief Executive Officer Arvind Krishna has been elected to the Board of Directors of the Federal Reserve Bank of New York.

European Commission chief Ursula von der Leyen on Saturday said that Brussels would propose to freeze the assets of the Russian central bank, in a major escalation of sanctions against Moscow following the invasion of Ukraine.

Former European Central Bank chief Mario Draghi was formally sworn in as Italy's new prime minister on Saturday, against the backdrop of the deadly coronavirus pandemic and a crippling recession.

The Federal Reserve Bank of New York has said that Daleep Singh, the Head of the Markets Group at the bank is set to join US President Joe Biden's administration as deputy national security adviser.

Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on December 12, a finance ministry official said.

Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.

HSBC Bank has named Indian-origin Pam Kaur as its new Chief Financial Officer (CFO), the first woman to hold this position in its 160-year history. She is replacing Georges Elhedery, who took over as CEO earlier this year.

Israeli settlements in the occupied Palestinian territories have expanded by a record amount and risk eliminating any practical possibility of a Palestinian state, the U.N. human rights chief said on Friday.

The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.

India's growth rate gives it an advantage in tackling poverty if the country maintains the current momentum, the new World Bank President Ajay Banga said in Delhi today.

The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Ajay Banga will be a transformational leader, who will bring expertise, experience, and innovation to the position of World Bank president, US President Joe Biden said after the former Mastercard CEO was confirmed as the new head.

Air India Ltd. is in talks with banks to help fund its recently announced record aircraft order, benefitting from the support of new owner Tata Sons Ltd., the carrier's chief executive officer said.

Shaktikanta Das, Governor of Reserve Bank of India, says that after Covid-19 and Ukraine, "now we are in the midst of a third major shock, a storm..."

Be prepared for fresh COVID-19 waves, WHO chief scientist Soumya Swaminathan has warned, amid the onset of new variants that are more transmissible, immune evasive and growing concerns about greater hospitalisations.

IBM Chairman and Chief Executive Officer Arvind Krishna has been elected to the Board of Directors of the Federal Reserve Bank of New York.

European Commission chief Ursula von der Leyen on Saturday said that Brussels would propose to freeze the assets of the Russian central bank, in a major escalation of sanctions against Moscow following the invasion of Ukraine.

Former European Central Bank chief Mario Draghi was formally sworn in as Italy's new prime minister on Saturday, against the backdrop of the deadly coronavirus pandemic and a crippling recession.

The Federal Reserve Bank of New York has said that Daleep Singh, the Head of the Markets Group at the bank is set to join US President Joe Biden's administration as deputy national security adviser.

Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on December 12, a finance ministry official said.

Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.