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World 15 Oct 2020 | 6:28 AM

Group of Thirty calls for urgent, concerted efforts to tackle debt crisis

WASHINGTON, Oct. 14 (Xinhua) -- The Group of Thirty (G30) on Wednesday said rising debts had threatened funding for development priorities such as public health among the most vulnerable countries, calling for urgent policy response to support the poorer.

World 15 Oct 2020 | 5:01 AM

Poorest countries in desperate need of support amid K-shaped recovery: World Bank

WASHINGTON, Oct. 14 (Xinhua) -- The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest countries are facing an increasingly desperate recession, World Bank Group President David Malpass said Wednesday.

World 15 Oct 2020 | 4:32 AM

Canada's second-largest airline to cut service to eastern Canada

OTTAWA, Oct. 14 (Xinhua) -- Canada's second-largest airline WestJet announced on Wednesday that it is to cut its service to Eastern Canada due to declining revenues caused by the COVID-19 pandemic.

World 15 Oct 2020 | 3:19 AM

World Bank chief welcomes G20 debt relief extension, urges further efforts

WASHINGTON, Oct. 14 (Xinhua) -- World Bank Group President David Malpass on Wednesday welcomed the extension of debt relief program by the Group of Twenty (G20), calling for further efforts to help the poorest countries tackle the debt crisis.