Business daily

World Bank to support emerging economies as growth stumbles

With growing concerns about the strength of the global economy, the newly-confirmed Managing Director of Operations at the World Bank, Axel van Trotsenburg, says the organisation will support countries to protect the most vulnerable. He also says debt can contribute to development. Finally, Switzerland's banking sector has been rocked by a spying saga, which has led to the resignation of Credit Suisse's chief operating officer.