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World Bank suspends aid to Sudan following military coup

Published

4 years ago

on

Antony Blinken contacts Sudanese PM

Following the military takeover of Sudan, the World Bank has suspended its aid to the nation

The World Bank has halted disbursements for operations in Sudan, in response to the recent capture of power by the military from a transitional government, while state oil company workers, doctors and pilots joined civilian groups opposing the takeover.

This comes as the African Union withdraws support over an “unconstitutional” seizure of power and the United States freezes $700 million in funding.

Sudan’s military staged a coup on Monday, arresting political leaders and sending the country into panic.

Sudan’s military and civilian leaders have been engaged in a delicate power-sharing agreement over the past two years, making this takeover somewhat unsurprising.

It’s expected that this reduction in aid will have disastrous consequences to Sudan’s economy at a time when the nation was finding its own feet.

The World Bank has previously given the country more than $3 billion in aid to support agriculture, transport, health care and education.

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December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

Published

18 hours ago

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October 29, 2025

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Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


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Meta and Amazon signal ‘AI efficiency era’

Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.

Published

19 hours ago

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October 29, 2025

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Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.


The AI boom is shifting gears, Meta and Amazon are cutting jobs to boost automation, profitability, and focus.

Analysts say this marks the dawn of an AI discipline era.

#AI #Meta #Amazon #BradGastwirth #BigTech #Automation #TechJobs #AIRevolution #EfficiencyEra #FutureOfWork


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Trump signals trade deal with China nearing

Trump claims a China trade deal is nearing completion amid new agreements across Asia.

Published

19 hours ago

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October 29, 2025

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Trump claims a China trade deal is nearing completion amid new agreements across Asia.


President Donald Trump says a trade deal with China is close as he finalises new agreements across Asia.

Talks with Xi Jinping are expected to deliver key breakthroughs in trade and diplomacy.

#Trump #China #TradeDeal #USAsia #XiJinping #Economy #Diplomacy #TradeTalks #WhiteHouse #GlobalMarkets


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