Woori Financial steps up productive finance with $6.5 bil. boost

Woori Financial Group Chairman Yim Jong-yong, right, speaks during a meeting at the group’s headquarters in Seoul, Friday. Courtesy of Woori Financial Group Woori Financial Group will expand its productive and inclusive finance programs by a combined 10 trillion won ($6.5 billion), stepping up support for strategic industries while broadening assistance for vulnerable borrowers, the…

African and Caribbean leaders call for payments, debt cancellation, formal apologies over slavery

African and Caribbean leaders are demanding financial compensation, debt cancellation and formal apologies from countries that benefited from the transatlantic slave trade after adopting a sweeping reparations plan at a conference in Ghana. The 19-point framework calls for financial compensation, debt relief, a Global Reparations Fund and the return of looted cultural artifacts and ancestral…