FirstFT: Former Mastercard chief nominated as World Bank president

. Follow us on Twitter @FTFirstFT and join our Facebook group to stay up to date.

This week, Joe Biden nominated former Mastercard chief executive Ajay Banga as World Bank president. The nomination comes as the US and other shareholder nations seek to expand the bank’s development remit to include the fight against global warming. With Banga\’s nomination, the US hopes to win the support of developing nations, which are uneasy about the shift in focus from poverty to climate change. Other news this week include China\’s Zhu Hexin in line to take the helm at PBoC, Alibaba\’s sales growth, Hong Kong\’s attempt to woo family offices, Sam Bankman-Fried\’s criminal charges, and a hacker group\’s attack on thousands of networks. Take our quiz to find out how well you kept up with the news this week! Sign up to FirstFT newsletters to stay informed of the latest news and join our Facebook group to stay up to date.



Source link

Join our Facebook page
https://www.facebook.com/groups/www.pakistanaffairs.pk

Leave a Reply

Your email address will not be published. Required fields are marked *