World

Categories

World Bank bars Alstom units for 'improper payment'

Wed, 22 Feb 2012 21:57:34 -0800
WASHINGTON (Reuters) - The World Bank on Wednesday blacklisted two subsidiaries of French engineering company Alstom for the next three years for "improper payment" in a Zambian hydropower project funded by the global development lender. A settlement between the World Bank and Alstom, which the Bank said had acknowledged the "misconduct," includes a restitution payment of about $9.5 million by ...
Read More...

Runner’s World Unveils First Hometown Half Marathon and Running Festival

Wed, 22 Feb 2012 13:04:00 -0800
Runner’s World, recognized as the worldwide authority on running information and known for its passionate fan base, is once again poised to engage its consumers where they live and run.
Read More...

World Bank encouraged on Myanmar

Tue, 21 Feb 2012 16:16:11 -0800
The World Bank said Tuesday that it was encouraged by Myanmar's new openness and wanted to support economic reforms but cautioned that the long-isolated state had to pay back arrears.
Read More...