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The Latest Breaking News from IDA

Developing economies face a confluence of pressures, each of which implies large investment needs. They must create jobs for rapidly expanding populations, boost resilience to external shocks and the effects of climate change and build the infrastructure required for long-term growth. And yet, with concessional finance shrinking, borrowing costs ballooning…

Bangkok Post

Last Year, a Corpus Christi Cryptomine Guzzled over 11 Million Gallons. Now, Its Water Usage Is Being Kept Secret.

Amid its water crisis, the city declined to supply public records on the Bitcoin mine's usage, citing a state law that allows nondisclosure of an individual customer’s account.

Texas Observer

Dua Lipa reveals her favourite London restaurants - from Soho street food to 'unassuming' Italian spot

From iconic Persian food to a north London cult classic, Lipa’s recs have got you covered for your next dinner date

Evening Standard

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New Jersey datacenter expansion got $77m in tax breaks to create exactly one permanent job — JPMorgan's site already scored $35m and currently employs just 25 workers

A New Jersey data center expansion saw a tax break of $77,000,000, despite the fact that it would create exactly one new permanent job in the state.

Tom’s Hardware

Man charged over cross-border terror plot denied bail

Connor Pollock, 38, from Croob Park, in Ballynahinch, Co Down, appeared via videolink from HMP Maghaberry for a bail hearing on Thursday.

Evening Standard

Presidential race now ‘clear choice’ between Government and Opposition, TD says

Fianna Fail candidate Jim Gavin announced he would be withdrawing from the race after acknowledging he had ‘made a mistake’.

Evening Standard

10 of the best Italian restaurants in London, from Ida to Bocca di Lupo

Italian food has been a hit in London since the Victorian era. Josh Barrie names 10 of his favourites

Evening Standard

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Diminished UK aid budget is ‘new normal’, says development minister

Jenny Chapman says the government is not treating reduction in spending on overseas aid to 0.3% as temporary

The Guardian - UK

Devolved regions ‘politely entertained but not listened to’ during pandemic

Stormont’s former finance minister Conor Murphy gave evidence on Wednesday to the UK Covid-19 Inquiry.

Evening Standard

Bid to tackle extremism in US military unlikely to be revived under Trump

Twin terror attacks bring renewed focus on scourge of extremism, but efforts to effect change have so far stalled

The Guardian - US

World Bank Announces Record $100 Bn Support For World's Poorest Countries

The World Bank announced Thursday that it has raised close to $24 billion to provide loans and grants for some of the world's poorest nations, which it can leverage to generate a record $100 billion in total spending power.

International Business Times

UK increases World Bank contribution, boosting climate finance prospects

Government puts forward £1.98bn in funding over three years, an increase of about 40% on last pledge

The Guardian - UK

Takeaways from AP’s report on a study into extremism in the military that used old data

Early this year, Pete Hegseth told a Fox News audience a new, Pentagon-funded study proved that the number of military service members and veterans involved in the Jan. 6 insurrection did not indicate a wider problem in the armed forces

The Independent UK

AP finds that a Pentagon-funded study on extremism in the military relied on old data

The Independent UK

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The Guardian - UK

Multilateralism faces a toxic brew of debt, climate crisis and war. It’s time for a reboot

The stakes are high for donors at next month’s IDA summit in Seoul, but not investing in development means more instability globally

Wallpaper

This palatial retreat in Bahrain might just be the Gulf’s most lavish resort

Raffles Al Areen Palace Bahrain redefines desert luxury with private villas and lush secret gardens

Sports Illustrated

Michele Kang Follows USA Rugby Donation With New Women’s Sports Investment

Businesswoman Michele Kang is adding to her portfolio of investments in women's soccer.

Evening Standard

Best football boots for artificial pitches and astro turf, tried and tested

Five-asiders, listen up

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The Guardian - US

Documentary producers release new ethical AI guidelines for film-makers

Controversies over AI-generated material spurred release of guidelines addressing transparency and historical accuracy

The Guardian - UK

What makes a neighbourhood restaurant great? Perfection – but in a slightly wonky way

A memoir of one couple’s years in hospitality captures the strange alchemy of running a restaurant

VW Golf first drive: 50 years young and still going strong

The last combustion Golf is here. Is it the end of an era?

The Guardian - UK

The Guardian view on debt and developing countries: time to offer some relief

Editorial: Many low-income nations are having to spend more on interest payments than vital sustainability goals. That needs to change

Top News

World Bank Report: Income Gap Widens In Poorest Countries

World Bank report reveals widening income gap in poorest countries, urging urgent policy changes and international aid.

The Guardian - UK

Covid pandemic made poorest countries even worse off, World Bank warns

Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’

TechRadar

Volkswagen brings ChatGPT to its cars for AI conversations, but is that a good idea?

Volkswagen announces ChatGPT has been added to its IDA voice assistant at this year's Consumer Electronics Show

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