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The Latest Breaking News from the World Bank

QAnon shaman sues Trump for $40 trillion and targets Musk, T-Mobile and Warner Bros in rambling lawsuit

The QAnon Shaman withdrew his support for Trump after the president refused to release the Epstein files

The Independent UK

Seychelles to hold rerun presidential election after no outright winner

Seychelles’ electoral authority says the country will hold a rerun vote between the two main contenders

The Independent UK

Development banks ‘still funding industrial livestock despite climate promises’

Three development banks, including the World Bank, have collectively invested $1 billion in 55 highly-polluting livestock projects between 2018 and 2024, new research claims

The Independent UK

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From local mahallas to a global strategy: Uzbekistan’s fight against poverty

Uzbekistan has made poverty reduction a state priority, launching a nationwide programme focused on jobs, social protection, and mahalla-level action. Since 2016, 7.5mn people have escaped poverty. With €30bn invested in 2024, the country aims to eradicate absolute poverty by 2030.

Euronews

Voices: In our new global order we must focus on aid, not just development

COMMENT: As humanitarian need hits record levels, aid budgets are being cut and redirected, says David Miliband, the president of the International Rescue Committee. A clear strategy is needed to ensure the poorest and most fragile communities are not abandoned

The Independent UK

How Did Poland Get So Far Ahead of Hungary?

Fewer than 35 years after escaping the yoke of Soviet-style central planning, Poland has become a legitimate global powerhouse.

Reason

Global tensions demand a faster energy transition — why does Indonesia still rely on fossil fuel imports?

The year 2025 begins with persistent global geopolitical tensions. The war between Ukraine and Russia drags on, conflict in the Middle East is heating up, and the United States-China trade war continues. All of this could send shockwaves through the global energy market — including in Indonesia.

The Conversation

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Lebanon licenses Elon Musk's Starlink for satellite internet services

Lebanon has granted a license to Elon Musk’s Starlink to provide satellite internet services in the country

The Independent UK

How Malawi is taking AI technology to small-scale farmers who don't have smartphones

Some small-scale farmers in the southern African country of Malawi are using an AI chatbot for advice to help them improve their methods and become more resilient to climate change

The Independent UK

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

The Independent UK

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

Newslaundry

‘Food, jobs, hope’: Mozambique seeks investment route to economic recovery

President Daniel Chapo launches $40m fund for small businesses at 60th annual Maputo International Trade Fair.

Al Jazeera

‘Without water nothing can exist’: the Malawians repeatedly displaced by drought

Unpredictable weather fuelled by the climate crisis is forcing millions from their homes, with many struggling to access water

The Guardian - UK

Has extreme poverty really plunged since the 1980s? New analysis suggests not

Data from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.

The Conversation

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Al Jazeera

Plastic credits: A ‘false solution’ or the answer to global plastic waste?

As UN meets to negotiate an international treaty to curb plastic pollution, many favour carbon credit-like offsetting.

International Business Times

Major Climate-GDP Study Under Review After Facing Challenge

A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62 percent by century's end, setting off alarm bells among financial institutions worldwide.

Newslaundry

Explained: Why India’s inequality is underestimated

India’s consumption gap appears to shrink, but income inequality is rising fast, as per analysis of India’s consumption data by the World Bank.

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

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International Business Times

Afghans Show Solidarity As Migrant Returns From Iran Surge

At the border with Iran, Fatima Rezaei distributes food and hygiene products to Afghans forced to return, unable to passively stand by as the deportation crisis grows.

The Independent UK

UK admits foreign aid cuts could see deaths rise – with Africa hit hardest

The government’s own impact assessment warns that cuts to projects will likely increase death and disease

Evening Standard

Funding for some aid organisations and countries to be cut, minister says

The minister for development said the Government is ‘modernising’ its approach.

International Business Times

Hanoi Scooter Riders Baulk At Petrol-powered Bikes Ban

Vietnam's plan to bar gas-guzzling motorbikes from central Hanoi may clear the air of the smog-smothered capital, but riders fear paying a high toll for the capital's green transition.

The Independent UK

Education aid cuts to severely harm futures of children across developing world, research says

Exclusive: The slashing of aid by countries like the US and UK will be felt for years, new research suggests

The Independent UK

Trump brutally ended Obama’s flagship project to power Africa – but the dream is not dead

IN FOCUS: Power Africa – established more than a decade ago – aimed to help bring stable electricity to 600 million people across Africa, writes Nick Ferris, before being cut by the current president. But all hope is not lost

Euronews

Cash in Gaza: Palestinians pay a high price in a shattered economy

At a time of surging inflation, high unemployment and dwindling savings, the scarcity of cash has magnified the financial squeeze on families, some of whom have begun to sell their possessions to buy essential goods.

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