Business Owners want Micro-Finance banks’ support

The World Bank says a sharp, long-lasting slowdown is expected to hit developing countries hard this year as the global economy weakens. The bank said this in its latest 'global economics prospects' report, released on Tuesday.

Find these stories and much more when you grab a copy of The Guardian on Friday.⁣

Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣

Find these stories and much more when you grab a copy of The Guardian on Friday.⁣

World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.

World Bank President David Malpass on Wednesday said he would quit his role before his term ends. Malpass declared this, months after faulting the White House for failing to say whether he accepted the scientific consensus on global warming.

Find these stories and much more when you grab a copy of The Guardian on Friday.⁣

Following the killing of two Israelis at the weekend, angered Israeli settlers attacked the Palestinian city of Hawara in the occupied West Bank, posing a further escalation of tensions and violence in the region.

The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump in consumer prices.

After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes.

European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike.