U.S. computer maker Dell Inc. is disputing allegations by 30 Muslim workers who say they were fired for demanding break time to perform a 15-minute prayer at sunset.
The World Bank, under pressure from development and human rights groups to intervene in escalating human rights abuses in Nepal, said Wednesday it was considering stopping its projects and programmes in the country if the current political tension continued and constitutional freedoms were not respected.
The World Bank, under pressure from development and human rights groups to intervene in escalating human rights abuses in Nepal, said Wednesday it was considering stopping its projects and programmes in the country if the current political tension continued and constitutional freedoms were not respected.
International development groups are calling on the United States to swiftly comply with a World Trade Organisation (WTO) final ruling issued Thursday declaring the bulk of U.S. government subsidies to its cotton industry illegal.
International development groups are calling on the United States to swiftly comply with a World Trade Organisation (WTO) final ruling issued Thursday declaring the bulk of U.S. government subsidies to its cotton industry illegal.
Medieval practices in Central Asia's cotton industry, which feeds demand from some of the world's largest agribusiness firms, are aggravating economic stagnation, environmental damage and political repression, says a leading research group.
The World Bank, an international development institution that says it has no political agenda, may be preparing to fund Israeli security checkpoints around a controversial separation wall under construction on occupied Palestinian territories.
The World Bank's soft loan arm, the International Development Association (IDA), will get a funding increase of 34 billion dollars from rich nations over the coming three years, the largest increase in two years, international donors and lenders say.
A high-profile pipeline project in Chad that is backed by the World Bank has come under fire for a lack of transparency, amid rising concerns that oil revenues are being redirected from poverty-fighting efforts.
A high-profile pipeline project in Chad that is backed by the World Bank has come under fire for a lack of transparency, amid rising concerns that oil revenues are being redirected from poverty-fighting efforts.
China is quickly overtaking the United States as the world's biggest consumer of global resources, energised by a dynamic economy that is growing at a record pace, says a Washington research group.
The U.S. trade deficit swelled last year to a record high of 617 billion dollars, a nearly 25 percent increase over 2003, prompting some analysts to blame the administration's aggressive free trade agenda.
U.S. agricultural companies are selling crops to the world market at prices well below their cost of production, a practice called "dumping" that is one of the most damaging of all anti-competitive trade behaviors, says a new report.
An agreement by the group of seven most industrialised nations (G7) over the weekend to back 100 percent debt cancellation for poor nations has been applauded by long-time debt campaigners, but they warn that the proposal still faces some tough decisions.
An agreement by the group of seven most industrialised nations (G7) over the weekend to back 100 percent debt cancellation for poor nations has been applauded by long-time debt campaigners, but they warn that the proposal still faces some tough decisions.
Activists are urging the World Bank to adopt recommendations made in an internal report that strongly criticises the Bank's global operations and calls for major changes.
The U.S.-run administration in Baghdad failed to keep track of nearly nine billion dollars of money it transferred to various Iraqi ministries, according to an official audit released Sunday as Iraqis went to the polls.
In a rare public censure, the United Nations admonished the World Bank and the International Monetary Fund (IMF) for failing to broaden participation from developing countries in their decision-making, as agreed in international forums.
Central banks around the world are getting rid of the U.S. dollar in favour of the European currency, the euro, in a bid to stem losses from the declining greenback, an international survey says.
Private capital flows to developing nations doubled in the last two years as investors fled the weakening dollar for greener pastures in China and Russia, says a global association of financial firms.
Ever since the incumbent president of the World Bank, James Wolfensohn, announced earlier this month that he will not seek another term, a debate has raged over who will succeed him, with potential new candidates popping up almost on a daily basis.