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Tributes, protests mark Martin Luther King Jr. Day  

Tributes to civil rights leader Martin Luther King Jr. were held nationwide on Monday as protests over the treatment of minorities by law enforcement rolled on across the country. Observers of Martin Luther King Jr. Day have this year linked the federal holiday to a rallying cry in recent months during demonstrations over police brutality: ‘Black lives matter.’ Martin LutherKing’s 1960s dream of racial equality was being viewed through a lens focused on the recent deaths of unarmed black men after confrontations with police, including Eric...

IMF downgrades global growth forecast

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5 percent this year, compared with the previous estimate of 3.8 percent which it made in October. The growth forecast for 2016 has also been cut, to 3.7 percent. The downgrade to the forecasts comes despite one major boost for the global economy - the sharp fall in oil prices, which is positive for most countries. [caption id="attachment_12241" align="alignleft" width="300"]From the Files - ECB Easing Expected...

Rajiv Shah, the next World Bank President ?

Outgoing US Agency for International Development Administrator Rajiv Shah, who is preparing to vacate his position early next month, might have left the agency much sooner, according to one of his former top aides — if only he had gotten the top job at the World Bank. rajib ShahTwo years into his term, Shah was under consideration for the presidency of the World Bank, according to an op-ed written by his former chief of staff. “Astonishingly, at aged 38, Raj was among the candidates being considered for the World Bank presidency,” writ...

Japan’s shares lead losses in Asia

Shares in Japan fell to a two-and-a-half month low on Friday, following a fall in US stocks and the yen gaining strength against the dollar. In Tokyo, the benchmark Nikkei 225 traded down nearly 3% at one stage to 16,592.57 points, its lowest since 31 October. nikkieThe index finished the day 1.4% lower at 16,864.16 points. Losses in the US came after the Swiss National Bank moved to scrap its exchange rate cap with the euro. The move sent the value of the Swiss franc soaring, which put pressure on the euro, and helped the dollar reach a fresh one...

Roundtable demands due share of common river water  

Bhasani Anusari Parishad holds a roundtable meeting titled ‘withdrawal of water in upstream: catastrophe for Bangladesh’ at National Press Club in Dhaka on Saturday. — New Age photo Bhasani Anusari Parishad holds a roundtable meeting titled ‘withdrawal of water in upstream: catastrophe for Bangladesh’ at National Press Club in Dhaka on Saturday. — New Age photo Politicians, academics, water experts and journalists on Saturday at a roundtable demanded rightful sharing of the common rivers between Bangladesh and India. Bhasani Parisad

Sri Lanka votes in tightest election in decades

Sri Lanka went to the polls Thursday in its tightest election in decades, with its strongman president battling for survival after accusations of corruption and a failure to bring about national reconciliation. Mahinda Rajapakse appeared assured of victory when he called snap polls in November, seeking an unprecedented third term in office five years after crushing a violent separatist rebellion that had traumatised the country for decades. sri Lanka voteBut his health minister’s shock decision to defect from the government and...
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