Wednesday 10 February 2016
 
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World Bank lends Iraq $1.2bn to face oil, security shocks

The World Bank said on Thursday it would lend Iraq $1.2 billion in emergency support to help it deal with the economic effects of its fight against Islamic State militants and low oil prices.   The budget support

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Severe ‘food shocks’ more likely due to extreme weather

Extreme weather such as intense storms, droughts and heatwaves will cause more frequent and severe food shortages as the global climate and food supply systems change, British and American experts warned on Friday.  

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Asian countries ill-prepared for an oil shock

Asia is more at risk from any disruption to Middle East oil supplies than Europe or the US but is less prepared to deal with such a scenario, according to a new report from Britain's Royal Institute of International Affairs. T

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Arab economy safe, 'ready to bear any shock'

Arab finance ministers have shrugged off any threat to their economies from political upheaval and a global slowdown, saying ample cash reserves and mutual support would ensure they withstand new shocks. The 22 ministers promised to help e

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Swiss currency move stuns world markets

The Swiss National Bank shocked markets on Tuesday by setting a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold down. The SNB exchange rate cap move disc

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Qatari banks 'facing risks'

Qatari banks are strong but exposed to a real estate shock and economic downturn, said Standard & Poor's Ratings Services in a report published on Monday. "In Bank Industry Risk Analysis: Qatar," Standard & Poor's ranks the Qatari

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ABB chief in shock exit as takeovers loom

Engineering group ABB's chief executive Fred Kindle has left after a clash over strategy, in a shock move announced on Wednesday amid speculation over his plans for acquisitions. The Swiss-based company also announced a share buyback progr

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