Latest in: Development

The International Monetary Fund has cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union adds uncertainty to already-fragile business and consumer confidence. “The Brexit...

Power generation in the United States will make a shift towards producing cleaner energy that fits into President Barack Obama’s plan to reduce carbon emission.   According to a latest report by the Energy Information Agency,...

In a major decision, the D.C. Council has unanimously voted to increase the minimum wage from current $ 10.50 to $ 15.00 an hour. The capital now joins several other cities and states including California and...

As people in developing countries fume over Panama Papers revelations about corruption of their venal elites, a new research paper has said the cost of corruption is wide-ranging, diminishing prospects of economic growth and advancement of societies....

Cultural diversity is an outstanding source of exchange, innovation and creativity, and has the enormous potential to accelerate sustainable development, the United Nations said, amidst fear-based response to influx of refugees in Europe and discriminatory treatment of...

Nearly two-thirds of the global population is expected to live in cities by 2030 and produce as much as 80 per cent of the global gross domestic product (GDP), sparking innovation, reducing poverty and improving the...

The United States promises tremendous opportunities for growth of American Muslims despite recent election rhetoric on part of some candidates as Muslims are a well-integrated community in the country’s fabric, says prominent entrepreneur Frank Islam. “In spite...

Governor Terry McAuliffe will lead a four-day marketing mission to Boston and Canada from May 17-20 during which he will meet with senior business executives and government representatives to promote the advantages of doing business in...

With little prospects for a turnaround in 2016, growth in the world economy remains weak, posing a challenge to the implementation of development targets, a new United Nations report released this week has found. The UN World Economic...

As economy takes center stage in the 2016 presidential election race, a new report Wednesday said American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas...