Bloomberg Business

Quake-Struck Morocco to Spend Nearly $12 Billion on Recovery

Morocco expects to spend 120 billion dirhams ($11.7 billion) to rebuild and develop areas rocked by the earthquake earlier this month that killed nearly 3,000 people and highlighted inequalities in some of the worst-hit regions.

Zelenskiy Blasts ‘Criminal’ War, Seeks End to Russia UN Veto

Ukrainian President Volodymyr Zelenskiy lashed out at Russia for killing tens of thousands of his citizens in his first in-person address to the United Nations Security Council on Wednesday, calling for Moscow to be stripped of its powerful veto as one of the permanent members of the UN’s top decision-making body.

Brazil to Boost Infrastructure Financing to $4 Billion

Brazil’s development bank BNDES plans to provide 20 billion reais ($4.1 billion) in funds for infrastructure projects this year, two-thirds more than in 2022 and mostly through the purchase of local debt issued by companies that invest in the sector.

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