World Bank warns currency tensions must be defused

The head of the World Bank is warning that global leaders must defuse currency tensions before they get worse, to avoid repeating the mistakes of the Great Depression.

Robert Zoellick was speaking ahead of this weekend's crucial meeting of his organisation and the International Monetary Fund.

Analysts say international tensions over currency levels pose a threat to the fragile economic recovery.

They have warned that conflict between China and the United States over the value of Chinese currency could cause more serious economic problems.

More in this Section

Tech firm JRI formally begins roll-out of Tralee job expansion programmeTech firm JRI formally begins roll-out of Tralee job expansion programme

Primark to focus growth drive on US and PolandPrimark to focus growth drive on US and Poland

Coronavirus hits stock markets as shares of long haul airlines fallCoronavirus hits stock markets as shares of long haul airlines fall

UK interest rate cut less likely after strong employment figures, say expertsUK interest rate cut less likely after strong employment figures, say experts


Lifestyle

Hannah Stephenson has advice on how to care for your garden when wet weather strikesHow to prevent and deal with waterlogging in the garden

If you're down in the epidermal dumps, exfoliation, hydration and decongesting is what you need.The Skin Nerd: How to prep and pep that played-out January skin

The Winter Show, which gets underway in New York this Friday, is a celebration of world cultures, from antiquity to the present.Time travellers are packing their suitcases for New York this week

“Finish him!” It’s one of the most famous lines in video games – in fact, they pretty much built the entire series around it. Mortal Kombat is notorious for brutal finishing moves, in which the characters kill off their opponents in horrific (and often humourous) fashion.Game Tech: Mortal line lives on in the cinema

More From The Irish Examiner