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“World Bank Offers Repayment Pause to Nations in Crisis”

PARIS: The head of the World Bank said Thursday that the lender planned to introduce a “pause” mechanism for debtor countries in the event of them being hit by a crisis. Ajay Banga told a summit on financing the fight against climate change that the multilateral lender would adopt a new approach that “significantly expands the World Bank’s toolkit.” The most important measure would be offering “a pause on debt repayments so countries can focus on what matters when a crisis hits and stop worrying about the bill that is going come,” he added.

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 

“Spain arrests 7 linked to racial abuse against Vinícius Júnior”

MADRID: Seven people accused of racially abusing Real Madrid player Vinícius Júnior have been arrested in Spain, police said Tuesday. Three were detained in Valencia for alleged abuse against Vinícius in a Spanish league match on Sunday. Four were arrested in Madrid for allegedly hanging an effigy of the player off a highway bridge in January. The arrests come after an outpouring of support for Vinícius after he said he was abused in Valencia. The case prompted widespread reaction from sports figures and government officials in Spain and worldwide.

Ex-PM of Burundi, Alain Guillaume Bunyoni, arrested.

Authorities arrest Alain Guillaume Bunyoni seven months after his sacking in a high-level political purge.

Sudanese Doctors Recount Hospital Horrors Amid Fighting

Battles leave staff and patients trapped in hospitals for days as doctors try to treat wounded with few supplies.

Russia appoints new commanders for Baltic and Pacific fleets

Former head of the Russian Baltic Fleet, Admiral Viktor Liina, named as new chief of the Russian Pacific Fleet.

Russia-Ukraine War: Key Events on Day 423

As the war enters its 423rd day, we take a look at the main developments.

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