With the establishment of their own bank, BRICS countries (Brazil, Russia, India, China and South Africa) wanted to make a statement: No longer would they be dependent on the World Bank and the IMF. The New Development Bank has opened for business.
UN human rights officials have said over 100 firms doing business in the West Bank are supporting the Israeli occupation of internationally recognized Palestinian territory. Israel said the UN is advocating a boycott.
The German economy stagnated at the end of 2019, new figures have shown. Authorities had expected 0.1% growth.
India's telecom sector is in dire straits with the survival of Vodafone Idea left hanging in the balance. The crisis could hurt growth prospects, job creation and the country's troubled banking sector.
A plan to mark Deutsche Bank's 150th anniversary with a return to its former glory has been called off while the firm's restructuring still gobbles up billions. The CEO of Germany's biggest lender remains optimistic.
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