Rich-poor split could tighten 'grip of poverty': World Bank chief

14 Sept 02:52 Key points summarised by AI

World Bank chief Ajay Banga warns that growing economic divides between rich and poor nations risk deepening poverty and fracturing the global economy.
Developing countries, or the Global South, face compounded challenges from pandemic recovery, the Ukraine war's impact on commodity prices, and climate change, feeling they disproportionately bear global costs.
Russia's withdrawal from the Black Sea grain deal further exacerbates food insecurity for vulnerable nations, drawing strong criticism from G20 finance ministers.
Despite G20 discussions, little progress has been made on debt restructuring for low-income countries, with over half facing distress, partly due to China's resistance to a standardized approach.

Application for ‘Nene Royal’ trademark withdrawn

Yesterday 18:24 Key points summarised by AI

A third-party application for "NENE" and "NENE ROYAL" trademarks was officially withdrawn, resolving a high-profile dispute over the Thai pop artist's name.
Black Lotus Global LLC, managing Nene Royal's rights, has legitimate trademark applications for various categories under fast-track processing, with final approval anticipated by February 2027.
The Department of Intellectual Property (DIP) monitors international trademark filings to protect Thai creators and advises early registration to prevent unauthorized third-party claims, noting a "NENE" trademark already registered in South Korea.