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IMF Governors approve $650 billion SDR allocation of SDR

London, August 3 (HNA) – The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to 650 billion dollars (about SDR 456…

EBRD acquires equity stake in Sofia airport operator

London, August 3 (HNA) – The European Bank for Reconstruction and Development (EBRD) is supporting the development of Sofia airport with an indirect equity investment in SOF Connect, the company…

IMF – The pandemic widened global current account balances

London, August 3 (HNA) – Global current account balances are set to widen even further in 2021 but this trend is not expected to last, according to the latest IMF…

UNDP report – Social assistance spending widened the rich and poor gap

London, August 2 (HNA) – Rich countries spent up to 212 times per capita more than poor nations on social assistance to cushion unprecedented economic shock, according to a new…

WGC – Q2 global gold demand flat, H1 down 10 percent

London, July 31 (HNA) – Strong consumer demand recovery and Q2 gold ETF inflows were not enough to offset heavy Q1 outflows, according to the World Gold Council (WGC) released…

IMF, World Bank, WHO, WTO launch joint vaccine information website

London, July 31 (HNA) – The heads of the International Monetary Fund (IMF), World Bank Group, World Health Organization (WHO) and World Trade Organization (WTO) launched a new website on…

Global 2021 GDP growth to be fastest in more than 40 years

London, June 10 (HNA) – The global real GDP growth in 2021 is now expected to be the fastest in more than 40 years, at 5.8 percent (a 0.5 percentage…

SpaceX launches Falcon 9 with 60 Starlink satellites

London, May 9 (HNA) – Elon Musk’s SpaceX successfully launched on Sunday a Falcon 9 rocket carrying 60 Starlink satellites. The rocket, dubbed B1051, is the company’s first spacecraft to…

McCain sponsors 9th British Kebab Awards

London, May 3 (HNA) – McCain, the world’s largest frozen potato producer, sponsored the 9th British Kebab Awards, organized to support local kebab restaurants across the UK. McCain Foods Limited,…

British Kebab Awards entries at record despite the pandemic

London, April 4 (HNA) – Whilst the hospitality sector is waiting to reopen its doors in April following the current lockdown, the British Kebab Awards has exceeded all expectations given…