Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.The World Bank's fund for the world's poorest countries is seeking record financing to tackle spiraling debt and climate crises, its top fundraising official said. Dirk Reinerman, the bank's head of resource mobilization, told the Financial Times that IDA needs the “biggest replenishment ever” of financial resources to provide cheap loans and grants to 75 developing countries. He did not set a target, but the IDA raised $23.5 billion from donor countries in 2021, its latest round of fundraising. This amount was…
Author: ricardofrancois
Nobody in football has a job like Serhiy Balkin. As CEO of Ukrainian club Shakhtar Donetsk, Balkin had to guide the company through a decade of crisis, disintegration and war, while crafting a team that could compete at the highest level of the game.In early 2014, the club's home city of Donetsk became the front line as war broke out in the country's eastern Donbas region. Shakhtar was forced to move its entire operations to Kiev, a city that provides quick exit routes for many of the club's foreign players if necessary. Due to a shortage of stadiums in the…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.The chief executive of British American Tobacco has dismissed the idea of moving the company's listing from London to New York as a “distraction”, after it emerged that the top 10 shareholders who pushed for the change have left his position at the cigarette maker.Tadeo Marrocco told the Financial Times that switching the listing “would create a lot of distraction internally” and that he was “not sure that the benefit would be as clear as some suggest.”Last year, Rajeev Jain, chairman and…
Laura Skelding's dog, Otis, was three months old when he hit his first vet bill of £3,500, which she had to pay out of her own pocket despite having pet insurance. Skelding had taken Otis to her local vet in east London after he swallowed a stone, where they charged £600 for an X-ray before sending him across the city to an emergency clinic, which told her he would need surgery. “They couldn't confirm the cost at the time,” Skelding said, adding that as they were first-time dog owners, she and her partner expected the £1,000 insurance cover would be…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.This month, the people of Ireland did something shocking. They voted overwhelmingly not to promote gender equality.On March 8, International Women's Day, a whopping 73.9 percent voted against changing part of the country's 87-year-old constitution, which in effect states that a woman's place is in the home.The offending section declares: “The State recognizes that women, through their lives within the home, provide the State with support without which the public good cannot be achieved.“Therefore, the state seeks to ensure that mothers are…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Ireland's largest airport has warned it will miss out on 10 per cent revenue growth due to a 16-year-old passenger cap which could prompt airlines to expand into the UK and other European hubs instead.Although Ireland is a small island, its open economy makes it disproportionately dependent on air travel, and the Dublin-London route is among the busiest in Europe. But since 2007, the country's main gateway has been limited to 32 million passengers annually, not counting transit passengers.Other European airports are…
Authorities are investigating the cause of the explosion that damaged an apartment building in Van Nuys on Saturday night. The Los Angeles Fire Department was alerted at 5:38 p.m. to the explosion in the 7300 block of Woodman Street, according to Connor Thompson, a spokesman for the Los Angeles Fire Department. Thompson said the damage was limited to one housing unit, the occupants of which — two adults and a child — were not home when the explosion occurred. Thompson said that no one was injured in the explosion, which shattered the apartment's windows. He added that the Red Cross…
VANDALIA, OHIO — Former President Trump warned of a “bloodbath” if he loses in November, and claimed that he — not President Biden — would protect Social Security, while campaigning for Senate candidate Bernie Moreno in Ohio.Trump, speaking Saturday at a windy airport outside Dayton, praised his chosen candidate in the Senate race as an “America First champion” and “a political outsider who has spent his entire life building up Ohio communities.”“He will be a warrior in Washington,” Trump said days after receiving enough delegates to win the Republican presidential nomination in 2024.Moreno faces Ohio Secretary of State Frank LaRose…
Former President Donald Trump claimed that he — not President Joe Biden — would protect Social Security and warned of a “bloodbath” if he loses in November while campaigning for Senate candidate Bernie Moreno in Ohio.Trump, speaking at a windy airport outside Dayton on Saturday, praised his running mate as “America's number one hero” and “a political outsider who has spent his entire life building up Ohio communities.””He's going to be a warrior in Washington,” Trump said days after securing enough delegates to win the 2024 Republican nomination.Moreno faces Secretary of State Frank LaRose and State Sen. Matt Dolan in…
Hey folks, welcome to Week in Review (WiR), TechCrunch's regular newsletter that recaps noteworthy events in tech over the past few days. This week, TechCrunch saw leaked documents from SpaceX showing some questionable practices related to employee stock options. X CEO Elon Musk announced that he will open source Grok, X's AI-powered chatbot that aims to compete with OpenAI's ChatGPT. Grok — developed by Musk's artificial intelligence startup, xAI — was released last year, equipped with features such as access to “real-time” information about X and viewpoints undeterred by “politically correct” norms. Elsewhere, Ron interviews Slack CEO Dennis Dresser about…