Britain pledges $2.5 billion to World Bank fund for poor nations By Reuters

LONDON (Reuters) – Britain on Thursday pledged to invest 1.98 billion pounds ($2.5 billion) over three years into the World Bank’s International Development Association (IDA) fund for the lowest-income countries. The investment will fund projects promoting economic growth, tackling poverty and addressing the impacts of climate change, the government said in a statement. The IDA … Read more

Christine Lagarde interview

This is an edited transcript of a Financial Times interview with European Central Bank president Christine Lagarde. The interview took place at the ECB’s Frankfurt headquarters on the afternoon of November 25. Financial TimesYou said recently that the geopolitical landscape was fragmenting into rival blocs where attitudes towards free trade were being called into question. … Read more

NewJeans leaves K-pop label HYBE alleging ‘mistreatment,’ ‘manipulation’

Chart-topping K-pop group NewJeans announced Thursday their decision to leave their label ADOR, accusing the company of “mistreatment”. The news comes two weeks after the girl group sent an ultimatum to ADOR parent company HYBE—behind K-pop sensation BTS—telling the firm they would terminate their contract unless a set of demands was met. “From midnight today, … Read more

‘No penalty has been levied’: Mahindra dismisses report on being fined over ‘failure to meet emission norms’

Mahindra and Mahindra has denied that any penalty has been levied or is being considered on the company over emission levels, and said that it does not see any material liability on the company.  According to a report by the Indian Express, eight carmakers including Hyundai, Kia, Mahindra and Honda have higher than mandated fleet … Read more

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Sampo Oyj CEO sells shares in two transactions By Investing.com

HELSINKI – Sampo Oyj has reported a regulatory filing of transactions by its CEO, Torbjörn Magnusson, on Thursday. The notification, in accordance with Article 19 of the Market Abuse Regulation, details the sale of company shares on the NASDAQ HELSINKI LTD (XHEL) and NASDAQ COPENHAGEN A/S (XCSE). The transactions occurred on Thursday, involving the disposal … Read more