As the world grapples with a multitude of crises, the World Bank has issued a stark warning regarding the state of global poverty. In a recent report, the institution highlighted how ongoing wars, escalating debt levels, the climate crisis, and the lingering effects of the Covid-19 pandemic have collectively undermined efforts to alleviate poverty worldwide according to detailed report by The Guardian.

Wars, debt, and climate crisis stall global anti-poverty efforts, warns World Bank

Global public debt is set to surpass $100 trillion this year, signalling urgent calls for stronger fiscal measures from major economies, according to a recent report from the International Monetary Fund (IMF).

Global public debt to pass $100tn this year: IMF Report

Walgreens Boots Alliance has announced a significant restructuring plan, revealing its intention to close 1,200 retail locations over the next three years. This decision comes as the company grapples with ongoing financial difficulties, reporting an operating loss of $978 million from June to August 2024, a stark increase from the $450 million loss during the same period last year as detailed in a report by CNBC.

Walgreens to close 1,200 stores amid ongoing financial challenges

Seen as a surprising turn of events, ASML Holding NV, a prominent player in the semiconductor equipment industry, saw its shares plummet by 15.7 per cent on October 15.

ASML's shares plunge following early earnings report and weaker outlook

Boeing is set to raise up to $25 billion to strengthen its balance sheet. In a recent filing, the company announced a $10 billion credit agreement with banks amid warnings from credit rating agencies about a potential loss of its investment-grade status as detailed in a report.

Boeing plans to raise up to $25 billion amid financial challenges and machinist strike

Indian government on October 15, said it will allot spectrum for satellite broadband administratively and not via auction, hours after Elon Musk criticized the auction route being sought by rival billionaire Mukesh Ambani as "unprecedented" according to a detailed report by Reuters.

India says no auction of satellite spectrum after Musk decries move

In a landmark decision, the US Department of Transportation (DOT) has imposed a record fine of $4 million on Lufthansa for discriminating against 128 Jewish passengers during a flight incident in May 2022.

Lufthansa faces record fine for discriminating against Jewish passengers

Warren Buffett's Berkshire Hathaway has made headlines once again by significantly increasing its stake in SiriusXM, the leading satellite radio provider. The investment firm raised its ownership to an impressive 32 per cent, a move that reflects Buffett's enduring confidence in the company's potential for growth.

Warren Buffett's Berkshire Hathaway increases stake in SiriusXM to 32%

As the demand for data centre power continues to escalate, tech giant Google has announced a significant partnership with a nuclear energy firm. This collaboration aims to bolster the company's efforts in securing sustainable and reliable energy sources for its rapidly expanding data centre operations.

Google partners with nuclear energy firm to meet soaring data centre power demands

The European Central Bank (ECB) is preparing to implement its third reduction in interest rates this year during its upcoming meeting on Thursday. Officials have indicated that inflationary pressures are subsiding more swiftly than anticipated.

European central bank set for third interest rate cut of the year

As China grapples with significant economic challenges, the Ministry of Finance has announced a series of measures aimed at alleviating local government debt and stimulating consumer spending.

China's ministry of finance takes bold steps to address debt and revive economic growth

As the Federal Reserve navigates the complexities of the current economic landscape, Governor Christopher Waller has underscored the necessity for caution regarding any future interest rate cuts.

Fed governor Waller emphasises caution in potential interest rate cuts

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Zee News Rajasthan

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Hanshika Ujlayan

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