Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
The disgraced Hollywood mogul was recently shifted to high security Wende Correctional Facility from Rikers Island prison to spend his jail term.
The solution to globalisation is decentralisation and the solution to multilateralism is reformed multilateralism, not a 1945-version of multilateralism, External Affairs Minister S Jaishankar has said.
Glimpses of The Legend from our archives.
Every week, we bring you fascinating videos, chosen by you, through your likes.
The distribution of the Covid-19 vaccine is underway across the world. To provide a convenient and safe place for people to receive COVID-19 vaccines, countries around the world transform shopping malls, churches, airports, subway stations and museums to vaccination centers. Some also offer vaccination services on the river and mountain.
External Affairs Minister S Jaishankar will arrive in New York on Sunday to participate in the high-level 77th session of the UN General Assembly, which kicks off on September 20 with the opening of the general debate.
The iconic Times Square in New York City, reverberating with the chants of 'Vande Mataram' and 'Bharat Mata ki Jai', was on Sunday drenched in hues of saffron, white and green as the biggest Indian tricolour was unfurled at the popular destination to mark the 75th anniversary of India's Independence Day.
The second round match between former champion Angelique Kerber and Anhelina Kalinina, originally scheduled to begin after Schwartzman and Anderson, was pushed to Thursday.
'We need to retell this history from many different perspectives.'
Pelosi said that she is in Taiwan to listen and learn from Taiwanese people as to how can they come together.
Trump has spent a significant amount of time at Mar-a-Lago, dubbed the "Winter White House", throughout his four-year presidency.
Here are the best images from across the world from the previous week.
Over 3,000 people showed up at Coney Island for the Mermaid Parade.
The police had no reports of domestic violence from the house.
Till Monday, 43,734 confirmed cases of coronavirus were reported in the United States.
Palpreet Singh, winner of the ACG-NBA Jump National Finals, India's first national basketball talent search program, was selected 11th in the fourth Round of the NBA D-League Draft held in New York.
COVID-19 has emerged as an important form of diplomatic currency around the world as nations try to showcase their soft power gains. In this race, India has an edge as India is already a pharmaceutical giant having produced some 60 per cent of global vaccines and now justly seeking to strengthen ties and expand its influence in its neighbourhood and beyond, observes Dr Rajaram Panda.
A state of emergency has been declared in New York, New Jersey, Connecticut, Rhode Island, Massachusetts and New Hampshire.
If you are missing travelling, you will love these fabulous holiday pix!
"When you look at our opponents in this race, you think the Chinese gave Hunter Biden $1.5 billion -- because he was a great businessman, or because they knew the Bidens could be bought, and therefore soft on China," he said.
Tens of thousands of activists braved cold temperatures at the third Women's March to show opposition to United States President Donald Trump, demanding an end to violence against women and push for equality. Rallies took place in cities such as New York, Los Angeles and Atlanta, with the main event in Washington, DC featuring a march from near the White House to the Trump International Hotel. As these women marched, here are some faces amongst the crowds and the reason behind their march.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
Tens of thousands of demonstrators from across the United States converged on the nation's capital and New York on Saturday for a massive protest against the deaths of unarmed black men by law enforcement.
"Well, he never used words like escape or shared with me such a plan like this. However, he did ask me twice if I have ever been to Cuba, he also told me that the next time we may meet in Cuba. He never explained the escape plan but I'm certain that Dominica is not his final destination but if you ask my opinion, I can be more and more certain that Cuba could have been his final destination," Barbara told ANI.
'It was always my intention to be different, because that is the only way to last.'
We live in a wonderfully weird world and here's the proof!
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
We believe Dishani is absolutely Bollywood ready.
The woman was part of a group of protesters and had declared that she wouldn't come down until "all the children are released.
We present a collection of photographs of the polling day hustle bustle in the United States of America.
Missed the biggest news from last week? Here's what happened in the world in photos.
Given the fiercely competitive political environment, observers naturally associated an element of appeasement with the Shinde government's move, Shyam G Menon points out.
Shenaz Treasury's breathtaking travel pix will fuel your wanderlust.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
Aseem Chhabra watched some great films and some huge disappointments in 2021.
The incidents of hate crimes and harassment around the country have increased since the election of President Donald Trump.
Modi, who will be addressing the General Debate for the first time in five years, has a packed bilateral and multilateral agenda beginning September 23 till September 27.
What forecasters predicted to be one of the worst ever blizzard's in New York left only moderate snow in the Big Apple. But coastal New England was battered on Tuesday by a blizzard of blinding snow, ferocious waves and winds that topped hurricane speed.
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