The UK government has pledged to invest £1.98 billion ($2.5 billion) over the next three years into the World Bank’s International Development Association (IDA) fund, aimed at supporting the world’s lowest-income countries. This contribution will help fund projects that promote economic growth, combat poverty, and address the ongoing challenges of climate change, according to a government statement.
The IDA fund, which provides grants and low-interest loans to the most impoverished nations, is replenished every three years, with a pledging conference scheduled for December 5-6 in Seoul. World Bank President Ajay Banga is seeking a record-breaking amount for this replenishment, aiming to exceed the $93 billion raised in December 2021, in response to growing demands from poor countries facing mounting debts, climate-related disasters, conflict, and other crises.
This pledge comes shortly after U.S. President Joe Biden announced a $4 billion contribution to the IDA fund last week.
While the UK previously committed 0.7% of its gross national income to overseas development aid, the Conservative government reduced this figure to 0.5% in 2021 due to the economic impact of the COVID-19 pandemic. Since taking office in July, Prime Minister Keir Starmer's Labour government has vowed to restore the aid budget to 0.7%, though no timeline has been set for this increase.
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Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the country militarily, Iran's state news agency IRNA reported.
Israeli Prime Minister Benjamin Netanyahu said Israel may participate in the investigation into a serious incident aboard a flydubai flight bound for Tel Aviv, while investigators examine the motive of the co-pilot involved.
Passengers restrained a flydubai co-pilot who allegedly stabbed the pilot and tried to crash a flight from Dubai to Tel Aviv, Israeli Prime Minister Benjamin Netanyahu said on Wednesday.
Here's your AnewZ Daily Brief for 30 September 2026. These are the top five stories making headlines in Europe.
North Korea has dismissed as a “farce” Seoul’s claim that Pyongyang was responsible for a landmine explosion south of the Military Demarcation Line that injured three South Korean soldiers.
British counter-terrorism police have arrested a 27-year-old dual UK-Iranian national as part of an investigation into a suspected plot involving RAF Fairford, an airbase used by U.S. forces for operations against Iran.
Nvidia CEO Jensen Huang and AMD CEO Lisa Su have joined the advisory board of Tsinghua University’s School of Economics and Management (SEM), bringing two of the world’s most influential AI chip executives into a forum linking global business leaders with Chinese officials.
Investigators are examining an alleged cockpit assault aboard a Flydubai flight from Dubai to Tel Aviv that left the captain injured and forced the aircraft to divert to Saudi Arabia.
Türkiye’s flagship aviation and technology festival entered its second day on Thursday, bringing young innovators and leading domestic defence firms together in the south-eastern city of Şanlıurfa.
Pakistani airstrikes on Afghanistan’s Kunar and Helmand provinces killed nine civilians, including women and children, and injured 11 others, Afghanistan’s government said, as tensions between the neighbours deepen.
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