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World Bank President, Jim Yong Kim Resigns

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World Bank President, Jim Yong Kim Resigns

President of World Bank, Jim Yong Kim has announced his resignation as the head of the World Bank after six years.

The apex bank president will leave office by 1 February, despite having three and a half years before the expiry of his tenure.

Kim’s decision to quit for the private sector was described by sources close to the bank as a sudden and “personal decision” that surprised its shareholders.

“It has been a great honour 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.

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World News

Over 4000 Migrants Are Seeking To Enter Mexico From Central America

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Over 4000 Migrants Are Seeking To Enter Mexico From Central America

More than four thousand migrants from central America are seeking to enter Mexico legally instead of going to the united states.  Mexico’s immigration policy has recently changed.  Migrants seeking us asylum are now required to apply first in Mexico.

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International institute of migration reports that four days after arriving at the Guatemalan-Mexico border, four thousand migrants from various south and central American countries, have requested permission to enter Mexico on Sunday.

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Mexican President, Andres Manue Lopez Obrador, has promised that the human rights of migrants will be protected, and has arranged for a regular and orderly entry by giving humanitarian visas which have helped avert episodes of great tension, like the chaos that greeted a group of central American migrants who illegally entered Mexico in October.

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World News

Putin Opens Door For Talks With Abe Over Disputed Island

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Putin Opens Door For Talks With Abe Over Disputed Island Chain

Russian President Vladimir Putin is ready to host Japanese Prime Minister Shinzo Abe for talks over a disputed Island chain that has prevented the two countries from concluding a peace treaty to officially end the World War II.

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Abe’s visit marks the 25th time both leaders have met since 2013, it is a reflection of their efforts to increase cooperation despite the disagreements over the Kuril Islands.

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The soviet army seized the four islands between the seas of Okhosk and the Pacific Ocean in the last days of World War II.

Tokyo’s refusal to recognize Moscow’s sovereignty over the islands has also made it difficult for peace to reign for more than seven decades.

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Business News

China Transportation Authorities Prepares For Spring Festival Travel Rush

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China Transportation Autourities Prepares For Spring Festival Travel Rush

Transport authorities across China are getting into high gear in preparation for the spring festival travel rush.  Three billion trips are expected to be made during the period.

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During the forty-day travel rush season from January to March, the country expects to see at least three billion persons moving across the country by rail, air and road.

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The China railway Guangzhou group is expected to transport thirty-seven million passengers during this period with more than one thousand pairs of trains.  For more convenience, the group has also decided to optimize passenger routes by establishing free service desks, providing more emergency lanes.

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