Jim Yong Kim, President of the World Bank Group, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, US, May 1, 2018.(REUTERS)
Jim Yong Kim, President of the World Bank Group, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, US, May 1, 2018.(REUTERS)

World Bank President Jim Yong Kim announces resignation

World Bank CEO Kristalina Georgieva will serve as interim president upon Kim’s February 1 departure.
By Agence France-Presse | Agence France-Presse
UPDATED ON JAN 07, 2019 10:49 PM IST

Washington, Jan 7, 2019 (AFP) - World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

“It has been a great honor to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim said in a statement.

Kim, who took over leadership of the global lender in 2012, is to join an as-yet unnamed firm focusing on investments in developing countries.

World Bank CEO Kristalina Georgieva will serve as interim president upon Kim’s February 1 departure, the bank said in a statement.

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In early Tuesday trade, the market capitalisation of BSE-listed companies was at <span class='webrupee'>₹</span>1,91,25,467.48 crore.(REUTERS)
In early Tuesday trade, the market capitalisation of BSE-listed companies was at 1,91,25,467.48 crore.(REUTERS)

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Reuters
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US Dollar banknotes are seen in this photo illustration(Reuters File Photo )
US Dollar banknotes are seen in this photo illustration(Reuters File Photo )

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Dr K Subba Reddy (HT Photo)
Dr K Subba Reddy (HT Photo)

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Construction workers travelling on a winter morning amid heavy fog, in Noida. (Sunil Ghosh / Hindustan Times)
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Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer.(Reuters)
Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer.(Reuters)

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Amazon has asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator.(Reuters)

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FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo(REUTERS)
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo(REUTERS)

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A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)

Rupee rises for 5th straight session, settles 3 paise higher at 72.94

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Finance Minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1.(PTI)
Finance Minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1.(PTI)

Government may tweak customs duties on host of goods in Budget 2021

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Sensex settled the session at 48,347, down 531 points(PTI)
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Sensex tanks over 500 points, Nifty ends below 14,250

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The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of <span class='webrupee'>₹</span>1.10 lakh crore in revenue arising on account of the implementation of the GST.(PTI)
The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of 1.10 lakh crore in revenue arising on account of the implementation of the GST.(PTI)

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The least registration in the ESI scheme for both men and women in the formal sector came in the month of April 2020.(Representational photo)
The least registration in the ESI scheme for both men and women in the formal sector came in the month of April 2020.(Representational photo)

NSO releases employment outlook report

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Gold is considered a hedge against inflation, likely from widespread stimulus. (HT Photo) (Representative Image)
Gold is considered a hedge against inflation, likely from widespread stimulus. (HT Photo) (Representative Image)

Gold eases on doubts over US stimulus passage

Reuters
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A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)
A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)

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Bloomberg
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Reliance shares gained about 5.8% last week in the run-up to the results but were flat for this year after a more than 32% gain last year.(Reuters)
Reliance shares gained about 5.8% last week in the run-up to the results but were flat for this year after a more than 32% gain last year.(Reuters)

Reliance Industries shares fall nearly 5% as Covid-19 hits oil business

Reuters, Bengaluru
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