Putin and Trump’s Hungary meeting could take place within two weeks
The Kremlin on Friday confirmed that a meeting in Hungary between Russian President Vladimir Putin and U.S. President Donald Trump could take place wi...
Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict.
Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict.
The World Bank made the announcement early on Friday in Seoul at a pledging conference for the International Development Association, which provides grants and very low interest loans to some 78 low-income countries.
The total exceeds the previous $93 billion IDA replenishment announced in December 2021. Countries will contribute about $24 billion directly to IDA, but the fund will issue bonds and employ other financial leverage to stretch that to the targeted $100 billion in grants and loans through mid 2028.
But the two-day pledging conference fell short of the $120 billion goal that some developing countries had called for, partly because the dollar's strength .DXY -- pushed up by Donald Trump's U.S. presidential election victory -- diminished the dollar value of significant increases in foreign currency contributions by several countries.
At a G20 leaders' summit in Brazil last month, Norway increased its pledge by 50% from 2021 to 5.024 billion krone. That's $455 million at current exchange rates, but at the start of 2024, it would have been worth $496 million.
South Korea boosted its pledge by 45% to 846 billion won, ($597 million), Britain by 40% to 1.8 billion pounds, while Spain boosted its contribution to 400 million euros, a pledge worth $423 million -- $10 million less than the day it was announced in October.
U.S. President Joe Biden pledged a $4 billion U.S. contribution, up from $3.5 billion in the previous round.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
The UN Security Council on Friday unanimously adopted a resolution renewing Haiti’s sanctions regime for another year. The measures include targeted asset freezes, travel bans, and an arms embargo.
The Secretary-General of TÜRKPA held a meeting with Kazakhstan’s Foreign Minister during the 19th Ministerial Meeting of the Non-Aligned Movement (NAM), held on 15–16 October in Kampala, Uganda.
The UN on Friday said humanitarian operations are continuing in the Gaza Strip, with aid convoys moving through multiple crossings and thousands of people recorded travelling across the territory.
The Kremlin on Friday confirmed that a meeting in Hungary between Russian President Vladimir Putin and U.S. President Donald Trump could take place within the next two weeks.
Ukrainian President Volodymyr Zelenskyy is meeting with U.S. President Donald Trump at the White House to discuss military support for Ukraine amid its ongoing war with Russia.
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