Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.
Former European Central Bank president Mario Draghi received the 2026 Charlemagne Prize on Thursday, 14 May, in Aachen, Germany, in recognition of his contributions to European unity and his leadership during the eurozone debt crisis of the 2010s.
Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.
Major lenders make rate reductions as markets take some heart from a possible truce in the Iran war.
BBC News
Following talks in the Venezuelan parliament, Caracas and the EU have agreed on a new cooperation agenda. The shift aligns with a broader economic pivot, as the nation resumes ties with the IMF and the World Bank.
Acting President Delcy Rodríguez calls resumption of ties 'great achievement' of Venezuelan diplomacy.
Al Jazeera
The IMF and World Bank have resumed formal engagement with Venezuela. The move further legitimizes the Latin American country's interim government and paves the way for financial support.
DW News
While the trend towards the complete digitalisation of payments prevailed not long ago, today central banks and governments say that physical money may prove indispensable in crisis situations.
Tim Bontemps grades all 30 teams, from surprise contenders to franchises banking on lottery luck.
ESPN
President Trump once again threatened to fire Federal Reserve Chair Jerome Powell, and doubled down on a discredited probe of the central bank.
The US Federal Reserve is weighing whether to raise interest rates for the first time in years as the Iran war drives up fuel costs and pushes inflation further above target.
Palestinian Authority President Mahmoud Abbas's Fatah party had called for the strike.
Al Jazeera
A general strike swept the occupied West Bank after Israel passed a death penalty law that only targets Palestinians.
Al Jazeera
