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The Continuous Improvement Mindset: RXO’s Jamie Harris
The veteran CFO is driving the trucking brokerage spinoff of XPO Logistics toward process efficiency, organic growth, and market share gains.
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Vincent Ryan
| January 27, 2023
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World Bank
The Economy
World Bank Cuts 2022 Global Growth Forecast
“There is a pronounced slowdown underway. Policy support is being withdrawn and there is a multitude of risks ahead of us.”
By
Matthew Heller
| January 11, 2022
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Strategy
Probe Faults World Bank Over China Ranking
An internal investigation finds management pressured staff to alter data in the bank’s Doing Business report to placate China.
By
Matthew Heller
| September 17, 2021
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The Economy
World Bank Lowers 2021 Growth Forecast to 4%
There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
By
Matthew Heller
| January 6, 2021
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The Economy
World Bank Cuts 2020 Growth Forecast to 2.5%
“While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks is to the downside."
By
Matthew Heller
| January 9, 2020
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People
Trump Taps Treasury Official as World Bank Head
David Malpass has criticized the bank's lending policies, raising concerns that he has been selected to push "a U.S.-policy-driven agenda.”
By
Matthew Heller
| February 7, 2019
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The Economy
World Bank: ‘The Ride Could Get Bumpier’
There's a low probability the U.S. will see a recession in 2019, but there's a lot of downside risk to the World Bank's estimate of moderately lower growth.
By
Vincent Ryan
| January 9, 2019
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The Economy
World Bank Approves $13B Paid-in Capital Hike
“This boost in capital was essential for us to advance our efforts to mobilize additional finance for development," the bank's president says.
By
Matthew Heller
| April 23, 2018
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The Economy
World Bank Calls Global Growth Rate “Insipid”
In its latest Global Economics Report, the bank predicts 2.4% global growth for 2016, down from the 2.9% estimated in January.
By
Matthew Heller
| June 10, 2016
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Sustainability
Trending: Blending
The fad for mixing public, charitable, and private money.
By
Economist Staff
| April 25, 2016
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Strategy
‘New Mediocre’ Could Become Global Economic Reality, Lagarde Worries
"Fiscal policy should be better calibrated to the strength of the recovery," Christine Lagarde said.
By
Katie Kuehner-Hebert
| April 9, 2015
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The Economy
Risks to Outlook ‘Tilted to the Downside’: World Bank
Once again, the World Bank chops some basis points off global economic growth projections, describing the euro zone and Japan as "sputtering."
By
Katie Kuehner-Hebert
| January 14, 2015
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Workplace Issues
World Bank CFO Gives Up ‘Scarce Skills’ Bonus
To help defuse staff anger over a radical restructuring of the World Bank, CFO Betrand Badré forgoes a $95,000 bonus.
By
Matthew Heller
| October 8, 2014
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Global Business
U.S., Canada to Vote Against Financing Russian Projects
In the wake of the Malaysian jet disaster, the U.S. plans on opposing aid projects for Russia funded by the World Bank.
By
Iris Dorbian
| July 25, 2014
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The Economy
BRICS Form Their Own World Bank
Brazil, Russia, India, China and South Africa agree to fund a $50 billion development bank and a $100 billion currency exchange reserve.
By
Iris Dorbian
| July 16, 2014
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