ArcelorMittal announces results of its General Meetings

The Annual General Meeting and Extraordinary General Meeting (‘General Meetings’) of shareholders of ArcelorMittal (‘the Company’) held today approved all resolutions by a strong majority. 68% of the voting rights were represented at the General Meetings. In view of the Covid-19 outbreak, the Board of Directors of ArcelorMittal had decided to hold this year’s General …

COVID-19 Compromised Access to 1.85 Million Abortions: Study

Delhi 2020: A recent study conducted by Ipas Development Foundation (IDF) revealed that access to around 1.85 million abortions was compromised due to the restrictions imposed in response to the COVID-19 outbreak. Abortion access for these 1.85 million women was compromised at all points of care, including public and private sector facilities and chemist outlets. …

Business Correspondents Federation of India appeals for financial support

Financial relief for Business Correspondents Transaction failures and customer angst Drop in remittances and outlook Liquidity challenges of BCs facilitating credit MSME and KCC loans through BC channel New Delhi, June 4, 2020: The Business Correspondents Federation of India organized a round table to discuss the contribution of the Business Correspondents during the lockdown and …

worldsteel Short Range Outlook June 2020

June 2020 Brussels, Belgium The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2020 and 2021. In 2020 worldsteel forecasts that steel demand will contract by 6.4%, dropping to 1,654 Mt due to the COVID-19 crisis.  In 2021 steel demand is expected to recover to 1,717 Mt, an increase of 3.8 % …

INDIA JOINS UK’S GLOBAL VACCINE MISSION

The UK today (4 June) organised the Global Vaccine Summit 2020, helping secure US$7.4 billion (approximately £6 billion) in funding to support global vaccine supply and immunisation. The virtual event saw representatives of more than 50 countries – business leaders, UN agencies, civil society, government ministers, Heads of State and country leaders, including Prime Minister …

Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost

Competitive power generation costs make investment in renewables highly attractive as countries target economic recovery from COVID-19, new IRENA report finds Abu Dhabi, United Arab Emirates, 2 June 2020 — Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published …

African Development Bank delivers on a decade of transformative commitments to reduce poverty

For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution. The Bank has delivered on its goals of reducing poverty and fostering inclusive growth on the continent. We scaled up development support …