Latest Jim Yong Kim News

At a glance: Execs bailing on Saudi 'Davos in the Desert'

Oct. 22, 2018 8:56 AM EDT

Top business executives, U.S. and European officials and others have distanced themselves from Saudi Arabia over the disappearance and killing of dissident journalist Jamal Khashoggi, with many canceling their attendance at this week's investment conference that the kingdom had hoped to use to boost its global...

Mnuchin says he will not attend Saudi investment conference

Oct. 18, 2018 2:26 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday he will not attend an investment conference in Saudi Arabia. Mnuchin made the announcement on his Twitter account , saying that the decision was made after a White House meeting with President Donald Trump and Secretary of State Mike Pompeo....

At a glance: Execs bailing on Saudi 'Davos in the Desert'

Oct. 17, 2018 7:37 AM EDT

Top business executives are distancing themselves from Saudi Arabia over the disappearance of dissident journalist Jamal Khashoggi, with many canceling their attendance at an upcoming investment conference that the country had hoped to use to boost its global image. With reports circulating of the writer's...

Indonesian president says trade wars too destructive

Oct. 12, 2018 5:18 AM EDT

NUSA DUA, Indonesia (AP) — Indonesian President Joko "Jokowi" Widodo added to a chorus of criticism Friday over trade friction between the U.S. and China, telling financial leaders gathered in Bali, Indonesia, that victory in a trade war would be pointless in a "sinking world." Widodo's comments at the...

The Latest: Southeast Asian leaders affirm free trade goals

Oct. 11, 2018 8:45 AM EDT

NUSA DUA, Indonesia (AP) — The Latest on the IMF-World Bank annual meeting (all times local): 8:40 p.m. Leaders of the Association of Southeast Asian Nations have reaffirmed their commitment to open trading systems that have underpinned their economic growth. The leaders met Thursday in Bali, Indonesia, on...

As markets swoon, finance chiefs urge US, China to cool it

Oct. 11, 2018 8:02 AM EDT

NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies. Global economic...

UN chief blasts lack of 'strong leadership' on climate

Sep. 26, 2018 7:28 PM EDT

UNITED NATIONS (AP) — The head of the United Nations blamed lack of leadership Wednesday for the world's failure to take tough decisions needed to stop global warming, warning that a key goal of the Paris climate accord is at risk. U.N. Secretary-General Antonio Guterres bluntly told leaders gathered in...