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World Bank names Nobel laureate Michael Kremer as next chief economist

World Bank names Nobel laureate Michael Kremer as next chief economist

By Andrea Shalal WASHINGTON, Sept 16 (Reuters) - The World Bank on Wednesday named Nobel laureate and University of Chicago professor Michael Kremer as its next chief economist, succeeding Indermit Gill, who retired last month. 
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Poll shows rising trust in global institutions, less comfort with US as global leader

Poll shows rising trust in global institutions, less comfort with US as global leader

By Andrea Shalal WASHINGTON, Sept 16 (Reuters) - A new poll of over 35,000 people worldwide shows continued support for global cooperation and rising trust in international institutions, but less comfort with the United States or China taking leadership roles. In fact, many view both as a threat.
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US, Vietnam firms to sign agreements as To Lam travels to New York, documents show

US, Vietnam firms to sign agreements as To Lam travels to New York, documents show

By Phuong Nguyen and Francesco Guarascio HANOI, Sept 16 (Reuters) - A string of agreements is expected to be announced next week by U.S. and Vietnamese corporations involving energy, tech, aviation and financial firms as Vietnam's leader To Lam travels to New York, according to officials and two
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New York proposes $1 million per megawatt community investment for data centers

New York proposes $1 million per megawatt community investment for data centers

By Jasper Ward Sept 15 (Reuters) - New York Governor Kathy Hochul is recommending that local governments seek community investments of at least $1 million per megawatt from developers proposing new data centers, according to a document released on Tuesday.
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Houthi blitz leaves Saudi Arabia exposed, Iran emboldened

Houthi blitz leaves Saudi Arabia exposed, Iran emboldened

By Samia Nakhoul and Timour Azhari ANKARA, Sept 16 (Reuters) - The Houthi capture of ground overlooking the Bab el-Mandeb Strait has dealt Saudi Arabia its gravest setback in Yemen in years, exposing intelligence failures, the collapse of Yemeni allies and the limits of U.S. protection.
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Argentine judge orders halt to Falklands oil project as tensions with Britain rise

Argentine judge orders halt to Falklands oil project as tensions with Britain rise

An Argentine judge has ordered British and Israeli companies to stop developing an oilfield off the British-controlled Falkland Islands
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Saudi Arabia issues wide-ranging security alerts after week of strikes

Saudi Arabia issues wide-ranging security alerts after week of strikes

By Timour Azhari and Jana Choukeir RIYADH/DUBAI, Sept 15 (Reuters) - Saudi Arabia issued security alerts over a range of territory on Tuesday, including in the holy city of Mecca and second-largest city Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the
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Bessent defends Trump economic policies, reveals plans to meet Chinese official

Bessent defends Trump economic policies, reveals plans to meet Chinese official

By David Lawder WASHINGTON, Sept 15 (Reuters) - U.S. Treasury Secretary Scott Bessent defended a range of Trump administration economic policies before lawmakers on Tuesday, from currency and bond market interventions to AI safety, disclosing plans to meet with his Chinese counterpart this weekend.
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Dollar gains as oil lifts yields and Fed hike looms

Dollar gains as oil lifts yields and Fed hike looms

By Saqib Iqbal Ahmed NEW YORK, Sept 15 (Reuters) - The dollar was firmer across the board on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
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Senegalese President to Discuss New IMF Program in Washington Amidst Domestic Debt Crisis

Senegalese President to Discuss New IMF Program in Washington Amidst Domestic Debt Crisis

Senegalese President Bassirou Diomaye Faye is scheduled to hold talks with the International Monetary Fund (IMF) in Washington this week. These discussions are aimed at securing a new IMF program for Senegal. The Senegalese government has already reached a staff-level agreement with the IMF for a new $2.2 billion, three-year lending program. This program is designed to support economic and financial reforms within the country. However, the agreement still requires final approval from the IMF Executive Board. Domestically, Senegal is grappling with a significant hidden debt crisis exceeding $11 billion, which has led to public protests in Dakar. Citizens are demanding lower prices for essential goods and services, including food, fuel, electricity, and rent. The government has previously introduced measures to alleviate the cost of living, but the ongoing economic challenges highlight the urgency of the IMF talks.
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Dollar higher as oil lifts yields and Fed hike looms

Dollar higher as oil lifts yields and Fed hike looms

By Saqib Iqbal Ahmed NEW YORK, Sept 15 (Reuters) - The dollar edged up against most major currencies on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
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FBI's Patel defends change in 'bestiality' hiring practice as lawmakers seek answers

FBI's Patel defends change in 'bestiality' hiring practice as lawmakers seek answers

By Dan Rosenzweig-Ziff WASHINGTON, Sept 15 (Reuters) - FBI Director Kash Patel told lawmakers on Tuesday he changed the bureau's hiring standards to eliminate bestiality as an automatic disqualifier because he did not want to bar trafficking victims who had been forced to have sex with animals,