World Bank selects Ajay Banga as new president

The World Bank announced Wednesday its executive directors selected Ajay Banga as the new president for a five-year term to begin June 2. While Banga was the only nominee for the 14th president of the international financial institution, the World Ban…

Prisoner exchange deals in Yemen spark hope for peace

Nearly 2,500 people have been released so far as part of prisoner exchange deals in war-torn Yemen, which has been suffering from a years-long conflict between the Saudi-backed government and the rebel Houthi group. During the civil war in Yemen, the …

US services sector expands in March for 4th straight month

Economic activity in the US services sector expanded in April for a fourth consecutive month, according to a report released Wednesday by the Institute for Supply Management (ISM). ISM’s non-manufacturing purchasing managers’ index (PMI), also known a…