New Asian Bank to be initiated by China and 20 other countries

Twenty-one Asian nations signed on to a China-driven initiative Friday to create a new international bank for Asia that Washington opposes as an unnecessary and potentially damaging rival to established institutions such as the World Bank.

World Bank: Ebola could drain blns of dollars from African economies

By Anna Yukhananov WASHINGTON (Reuters) – The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday. The global development lender predicted that slow containment of the deadly virus in … Read more