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IMF chief speaks out on digital currencies

Washington, US | THE INDEPENDENT | The International Monetary Fund is seeking a leading role in rallying the world’s central banks to get ahead of digital money and crypto currencies in the global financial system. The IMF Managing Director, Christine Lagarde, wants authorities to “distinguish between real threats and needless …

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Novartis to inject $100 mn into malaria drug research

Zurich, Switzerland | AFP | Swiss pharmaceutical giant Novartis on Tuesday announced $100 million of funding over the next five years for research into new treatments for malaria, a mosquito-borne disease with a devastating impact that killed 445,000 people in 2016. There were some 216 million cases of malaria worldwide in …

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World Bank fund for poorest countries issues $1.5 bn bond

Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …

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US, Britain warn of Russian campaign to hack networks

London, United Kingdom | AFP | Russian government-sponsored hackers are compromising the key hardware of government and business computer networks like routers and firewalls, giving them virtual control of data flows, Britain and the United States warned Monday. The operation was “to support espionage, extract intellectual property, maintain persistent access to …

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Britain eyes Brexit boost from Commonwealth summit

2364, United Kingdom | AFP | Britain’s hosting of this week’s Commonwealth summit was overshadowed Monday by a scandal involving longtime Caribbean immigrants threatened with deportation, distracting from an agenda of increased trade London hoped to promote ahead of Brexit. After initially turning them down, Prime Minister Theresa May is …

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Trump’s lawyer in court: the feds, the porn star, the Fox anchor

New York, United States | AFP | Donald Trump’s legal battle with his own Justice Department led to an extraordinary courtroom showdown Monday between his personal lawyer, one of America’s most prestigious prosecution offices and a lavender-clad porn star fueling the media circus. The high-stakes hearing before a federal judge …

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May, Macron face lawmakers angry over Syria strikes

2364, United Kingdom | AFP | British Prime Minister Theresa May and French President Emmanuel Macron on Monday faced anger from lawmakers for conducting air strikes with the United States in Syria in their first major military action since coming to power. May was due to address MPs after proceeding …

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