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Business Finance

Manchester United sign $1.1 bln Adidas kit deal for 10 years

 Manchester United signed a 900 million pound ($1.1 billion) deal with Adidas on Monday, renewing the English soccer club’s partnership with its official kit supplier for 10 more years. Manchester United, whose U.S. owners have been considering selling the Premier League club, will return to the lucrative UEFA Champions League this year after securing a top-four finish in the […]

Climate News World

The “Invisible” Water Crisis: Groundwater Sustainability in Asia and The Pacific

Rapid socioeconomic development and population growth are escalating groundwater overexploitation, creating a potential crisis in Asia and the Pacific. Demand for groundwater has increased steadily in Asia and the Pacific in recent decades, driven by rapid socioeconomic development and population growth. Bangladesh, India, Indonesia, Iran, Pakistan, the People’s Republic of China, and Türkiye today account […]

Healthcare News World

Failing to protect health care workers comes at too great a cost

The COVID-19 pandemic was a disaster. It led to at least 6 million deaths, caused tremendous economic and social disruption, and unwound decades of development gains in vulnerable lower-income countries. While health care workers played a critical role in saving people’s lives, they faced a much higher risk of infection and death, particularly in the […]

Economy Education World

How does measurement contribute to a habitable planet for all?

Climate change has the potential to erase much of the progress we have made to improve the lives of people experiencing poverty. Climate shocks and environmental degradation threaten livelihoods, food security, and infrastructure, increase violence, and can result in poorer life chances, especially for people in resource-constrained contexts. Last month, the World Bank’s Development Impact and Data Groups, together […]

Climate Environment News

Complementary policies to curb Amazon deforestation

Ambitious measures to protect the Amazon that saw deforestation fall by more than 70 percent after a 2004 peak have become less effective: since 2012, deforestation has been rising. How can this be reversed? A mix of complementary policies can address this complex problem. The expanding arc of deforestation has been fueled by local economic incentives, regional and […]

Agriculture Climate World

Strengthening the Financial Resilience of Pastoralists to Drought in Mali

According to the 2023 World Bank Economic Update for Mali, entitled “Strengthening Financial Resilience of Pastoralists to Drought,” Mali’s economy showed signs of resilience despite ECOWAS sanctions, high food inflation, and parasite infestations affecting cotton production. GDP growth is estimated at 1.8% driven by the recovery of food agriculture and the resilience of the gold […]

Economy trade World

Multilateral lending: powering global economic resilience amid uncertainties

The global pandemic of 2020-2022 had truly unprecedented consequences. Along with other crises, such as the war in Ukraine, it plunged the global economy into a steep slowdown that dealt the biggest setback to global poverty in decades. But global responses to the pandemic were equally unprecedented. During the crisis, countries employed toolkits that combined large fiscal, […]

Education Finance World

Does COVID-19-related debt affect government expenditure on education?

The COVID-19 pandemic has had far-reaching effects on economies worldwide, with many countries experiencing negative GDP growth in 2020 and downgraded growth forecasts for 2021 and 2022. To mitigate the economic setbacks caused by the pandemic, developing countries sought financial assistance from international partners, which contributed to higher external debt levels.  For example, between 2019 and […]

Economy trade World

Globalisation and automation as sources of labour-market competition, and support for European Union unemployment insurance

Societies and economies are experiencing deep and intertwined structural changes that may unsettle the perceptions European citizens have of their economic and employment security. Such labour-market perceptions are likely in turn to alter people’s political positions. For instance, those worried by labour-market competition may prefer greater social protection to compensate for the accrued risk, or […]