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Mr Banga’s decades in business at firms such as Nestle and Citigroup might help inspire confidence in the bank in Congress, including from Republicans, who often criticise international organisations, said Amanda Glassman, executive vice president at the Center for Global Development.
Gina Raimondo, the secretary of commerce, who arrived in Beijing on Sunday, is the latest Biden administration emissary seeking to stabilize ties between the world’s two largest economies. The fourth senior U.S. official to travel to China in less than three months, Ms. Raimondo is taking her trip at a critical juncture. Relations between the […]
Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown. The New York Times A strong, 6.2-magnitude earthquake struck in the North Pacific Ocean near Costa Rica on Saturday, according to the United States Geological Survey. The […]
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% […]