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World Bank lowers global growth forecast to 2.5 percent as Iran war causes energy prices to soar
Business News

World Bank lowers global growth forecast to 2.5 percent as Iran war causes energy prices to soar

The Iran war is causing the World Bank to pull the handbrake and lower the global growth forecast to its lowest level since the coronavirus pandemic.
Iraq receives SEK 8.5 billion in World Bank aid for road maintenance
World News

Iraq receives SEK 8.5 billion in World Bank aid for road maintenance

On Friday, the World Bank approved support equivalent to about SEK 8. 5 billion to maintain Iraq's substandard road network
The "Peace Council" account at the World Bank is still empty, zero dollars
World News

The "Peace Council" account at the World Bank is still empty, zero dollars

Zero dollars. That is the balance of the World Bank fund linked to Donald Trump's "peace council", which is intended to finance reconstruction in the Gaza Strip, the Financial Times reports
UN and EU say $71.4 billion needed to rebuild Gaza
Business News

UN and EU say $71.4 billion needed to rebuild Gaza

It will take enormous sums of money to rebuild war-torn Gaza, according to a report from the EU and the UN.
IMF resumes contacts with Venezuelan government
World News

IMF resumes contacts with Venezuelan government

The International Monetary Fund (IMF) is resuming relations with Venezuela, according to a statement.
World Bank estimates Ukraine's reconstruction requires $588 billion
World News

World Bank estimates Ukraine's reconstruction requires $588 billion

The World Bank estimates that Ukraine needs $588 billion to date for reconstruction following Russia's invasion.
Sweden wants to guarantee more billions for Ukraine
Business News

Sweden wants to guarantee more billions for Ukraine

The government wants Sweden to guarantee a 2. 5 billion SEK loan to Ukraine through the World Bank
Many questions as Trump's Peace Council meets on Gaza
World NewsTop News

Many questions as Trump's Peace Council meets on Gaza

Donald Trump's "peace council" is now meeting in Washington, DC. The key question is how Hamas' disarmament will actually take place, according to Middle East expert Anders Persson, who calls the guest list "thin
Trump's peace council: What we know
World News

Trump's peace council: What we know

Is the U. S
Putin and Netanyahu invited to peace council
World News

Putin and Netanyahu invited to peace council

Donald Trump has invited a growing list of world leaders, including controversial figures such as Vladimir Putin and Benjamin Netanyahu, to a new peace council. Previously, it was reported that the council's purpose would be to govern the Gaza Strip, but in a document, the U
Cyclone Ditwah disaster costs Sri Lanka nearly SEK 38 billion
World News

Cyclone Ditwah disaster costs Sri Lanka nearly SEK 38 billion

The World Bank estimates that the severe Cyclone Ditwah's advance on Sri Lanka will cost the country $4. 1 billion, equivalent to nearly SEK 38 billion
Greece takes over in the eurozone
Business News

Greece takes over in the eurozone

Ten years after Greece's major euro crisis, the country's finance minister is taking over as president of the Eurogroup.
Climate aid goes to projects without a climate link
Sweden News

Climate aid goes to projects without a climate link

Sweden's climate aid has increased drastically in recent years. But several aid projects classified as climate-related have no connection to the climate, TT's review shows
Eurogroup president resigns
Business News

Eurogroup president resigns

Eurogroup President Paschal Donohoe is leaving his position to work for the World Bank instead.
Communist vs. Pinochet friend in Chile's presidential election
World News

Communist vs. Pinochet friend in Chile's presidential election

The focus on crime and migration has given the far-right a boost ahead of Chile's presidential election. Candidates include a Pinochet defender, a YouTube provocateur and a former minister whose father was in Pinochet's junta
Rebuilding Syria Estimated to Cost 2,000 Billion Kronor
World News

Rebuilding Syria Estimated to Cost 2,000 Billion Kronor

The World Bank estimates that it will cost around 2,000 billion kronor to rebuild Syria after more than a decade of civil war. The billion amount corresponds to almost ten times the country's GDP for 2024
Trump: New China Tariff Proposal Not Sustainable
Business News

Trump: New China Tariff Proposal Not Sustainable

To introduce tariffs on an additional 100 percent on goods from China is not sustainable. This is stated by US President Donald Trump in an interview with Fox – and confirms that he will meet Xi Jinping at the end of October
Bessent Confident Trump and Xi Will Meet Despite Tensions
Business News

Bessent Confident Trump and Xi Will Meet Despite Tensions

USA's Finance Minister Scott Bessent still expects that President Donald Trump and China's President Xi Jinping will meet as previously planned.
Sweden and Somalia Reach Controversial Aid Agreement
Sweden News

Sweden and Somalia Reach Controversial Aid Agreement

Swedish aid to Somalia was redirected to projects near the Somali prime minister's office in exchange for Somalia to take back forcibly deported citizens, shows an investigation from Sveriges Radio's Ekot.
Ukraine Secures Over 1 Billion Kronor for Winter Energy Support
Sweden News

Ukraine Secures Over 1 Billion Kronor for Winter Energy Support

The Government allocates 1. 1 billion kronor further for a civilian support package to Ukraine
Island Residents in Equatorial Guinea Face Year-Long Internet Shutdown
World News

Island Residents in Equatorial Guinea Face Year-Long Internet Shutdown

Inhabitants on an island in Equatorial Guinea have had to live without internet for over a year. The internet was shut down by the regime in response to the islanders' protests against a construction company
Nigeria's Unregulated Game Meat Trade Sparks Pandemic Concerns
World News

Nigeria's Unregulated Game Meat Trade Sparks Pandemic Concerns

Antelopes, bats, pangolins and snakes are grilled over fires on Nigeria's street markets. More of the country's inhabitants eat unregulated game meat – which raises alarm about pandemics, black markets and extinction
Kennedy's Vaccine Skepticism Threatens Global Health, Warns Professor
World News

Kennedy's Vaccine Skepticism Threatens Global Health, Warns Professor

USA is stopping the support to the vaccine alliance Gavi – and now a million children risk dying of diseases that can be prevented, the organization warns. The Health Minister Robert F Kennedy's lies affect the entire world, warns KI professor Stefan Swartling Peterson
Ethiopia Completes Controversial Renaissance Dam
World News

Ethiopia Completes Controversial Renaissance Dam

The controversial Renaissance dam in Ethiopia is completed. According to the country's Prime Minister Abiy Ahmed, it will be inaugurated in September
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