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The Reserve Bank of India has kept interest rates steady at 5.15 percent over fears of rising inflation, while at the same time slashing its growth forecast from 6.1 to 5 percent for the fiscal year through March 2020, Reuters reported Dec. 5.
As it seeks to counter U.S. interests in Latin America, Russia is turning to an old playbook. But instead of arming Marxist groups with weapons, this time Moscow's arming anti-government protesters with rhetoric.
While the sweeping win in local council polls won't grant a great deal of political power to the opposition, the strong expression of voter support could force the city's leaders to concede to some of the protesters' demands.
The European Investment Bank, the world's largest multilateral lender, announced it will stop funding most fossil fuel projects by 2021 as part of its new energy lending policy, Reuters reported Nov. 14.