The World Bank's 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2.
The Indian-born finance and development expert will be tasked with revamping the lender to tackle climate change and other global crises.
Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury official during the Trump administration.
"Ajay Banga will be a transformative leader, bringing expertise, experience, and innovation to the position of World Bank President," Biden said in a statement.
"Ajay will also be integral in bringing together the public and private sectors, alongside philanthropies, to usher in the fundamental changes in development finance that this moment requires," he added.
Israel carried out its heaviest airstrikes in Gaza in weeks on Saturday, killing 26 people according to local health authorities, in attacks on a Hamas-run police station and on apartments and tents in an area sheltering displaced Palestinians.
The US government entered what is expected to be a brief shutdown on Saturday after Congress failed to approve a deal to keep a wide swath of operations funded ahead of a midnight deadline.
Thousands of protesters took to the streets in Minneapolis and students across the United States staged walkouts on Friday to demand the withdrawal of federal immigration agents from Minnesota following the fatal shootings of two US citizens.
France has lowered the safety limit for cereulide toxin in infant formula, aiming to strengthen protections after several major groups ordered worldwide recalls over contamination concerns, the farm ministry said on Saturday.
An ally of Indian Prime Minister Narendra Modi has proposed a bill to ban social media for children, as the world's biggest market for Meta and YouTube joins a global debate on the impact of social media on young people's health and safety.
The death toll from a landslide a week ago in Indonesia's West Java province has risen to 49, the country's main rescue agency Basarnas said on Saturday, with 15 still missing.
The Syrian government and Kurdish forces declared a ceasefire deal on Friday that sets out a phased integration of Kurdish fighters into the state, averting a potentially bloody battle and drawing US praise for a 'historic milestone'.
US President Donald Trump said it was dangerous for Britain to be getting into business with Beijing, as Prime Minister Keir Starmer lauded the economic benefits of resetting relations with China during a visit there on Friday.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Israeli strikes kill 26 in Gaza, health officials say
US government starts likely brief shutdown as House fails to approve deal
Thousands demonstrate in Minnesota and across US to protest ICE
France tightens infant milk rules after recalls
Modi ally proposes social media ban for India's teens as global debate grows
Indonesia landslide death toll rises to 49, agency says
Syrian government, Kurdish-led SDF agree integration deal
Trump warns Britain on China ties as Starmer hails progress in Beijing
