US president-elect says ex-Georgia senator will help maintain a ‘productive working relationship with China’. United States President-elect Donald Trump has named former Georgia Senator David Perdue as his pick for ambassador to China, a post that will require navigating an increasingly tumultuous relationship between Washington and Beijing. “As a Fortune 500 CEO, who had a 40-year International business career, and served in the US Senate, David brings valuable...

International development organisation says sum will be deployed to support 78 countries that ‘need it most’. The World Bank has announced that it has raised close to $24bn to provide loans and grants for some of the world’s poorest nations, which it can leverage to generate a record $100bn in total spending power. Donor countries committed $23.7bn to replenish the bank’s concessional lending arm, known as the International...