World Bank President Ajay Banga said on Tuesday that capital remained available despite concerns of artificial intelligence sending interest rates higher."It's not really an issue," Banga said in an interview on CNBC's "Squawk Box."Banga said the World Bank mobilized $112 billion last year, around three times the amount recorded three...
Category: Economy
Inflation on many everyday items was entirely due to tariffs, NY Fed says
President Donald Trump speaks about his new tariff plan at the White House, in Washington, April 2, 2025.Brendan Smialowski | Afp | Getty ImagesThe cost of many everyday items would have declined last year and early this year without President Donald Trump's tariffs, according to the New York Federal Reserve....
Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
Trucks move goods in a shipping container next to large stacks of shipping containers and cranes at the Port of Long Beach Wednesday, Aug. 26, 2026. Allen J. Schaben | Los Angeles Times | Getty ImagesThe U.S. trade deficit widened sharply in August amid an influx of goods related to...
China saw ‘surprise’ jump in U.S. orders ahead of Trump-Xi summit, private survey shows
SHENZHEN, CHINA - AUGUST 30: A man stands on the waterfront overlooking MSC and Ocean Network Express (ONE) container ships berthed beneath gantry cranes at Yantian Port on August 30, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesAmerican businesses ramped up orders for...
World heads into food crises ‘blind’ as U.S. aid cuts squeeze UN food agency, experts warn
Phil Hogan, former trade commissioner of the European Union, gestured as he spoke during a trade committee debate in the European Parliament's Jozsef Antall building in Brussels, Belgium, on Wednesday, Feb. 19, 2020. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Other nations will have to fill the funding gap at...