News headlines for “Global Financial Crisis”
Sudanese Civil War Exacerbates Economies in Neighbouring Countries
- Inter Press Service
UNITED NATIONS, Oct 28 (IPS) - Critical levels of nationwide hunger in Sudan has only increased to critical levels since the start of the Sudanese civil war in April 2023. Escalated hostilities between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) have led to limited mobility and repeated blockages of humanitarian aid. This, coupled with the volatile floods and droughts, have decimated crop fields which has only exacerbated famine levels greatly. All of these factors have left nearly 25 million people in Sudan in need of humanitarian assistance in 2024.
IMF isn’t doing enough to support Africa: billions could be made available through special drawing rights
- Inter Press Service
BOSTON, USA & CAPE TOWN, South Africa, Oct 25 (IPS) - At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs)the International Monetary Fund's reserve asset.
The Impact of Global Megatrends on Poverty in Asia & the Pacific
- Inter Press Service
BANGKOK, Thailand, Oct 25 (IPS) - In the coming decades, the Asia-Pacific region faces a series of challenges that threaten to exacerbate poverty. Among these, climate change, demographic shifts, particularly population ageing and the rise of digital technologies stand out as three interconnected global megatrends.
Between Harris and Trump, More Doubts Than Certainties for Latin America
- Inter Press Service
CARACAS, Oct 24 (IPS) - Migration, trade, the defence of democracy, the confrontation with China and the collapse of multilateralism are issues that shed more doubts than certainties on Latin America's expectations of the imminent presidential elections in the United States.
‘Climate crunch time is here,’ new UN report warns
- UN News
Annual greenhouse gas emissions are at an all-time high, and urgent action must be taken to prevent catastrophic spikes in temperature and avoid the worst impact of climate change, according to a new report released on Thursday by the UN Environment Programme (UNEP).
With God on Our Side: Netanyahu, Trump, and Putin
- Inter Press Service
STOCKHOLM, Sweden, Oct 23 (IPS) - Bronisław Malinowski (1884 – 1942) did for several years conduct socio-anthropological research in the Trobriand Islands. Returning to England after World War I, he wrote several ground breaking books, among them Magic, Science, and Religion in which he assumed that people's feelings and motives are crucial for understanding the way their society functions. Malinowski considered society to be intimately interlinked with individuality – i.e. an individual's ideas and behaviour are created and formulated within the social circles s/he lives and vice versa. Consequently, an individual's personality might influence an entire society, depending on the leading role s/he is granted.
The IMF Just Made the Case for its Own Irrelevance
- Inter Press Service
WASHINGTON DC, Oct 23 (IPS) - On Friday the 11th, the IMF announced policy changes that will save developing countries $1.2 billion per year. Despite the self-congratulations and fanfare, these reforms are only a tiny fraction of what campaigners had been asking for — and an even smaller share of what the Global South needs.
Another Nobel for Anglocentric Neoliberal Institutional Economics
- Inter Press Service
KUALA LUMPUR, Malaysia, Oct 22 (IPS) - New institutional economics (NIE) has received another so-called Nobel prizeostensibly for again claiming that good institutions and democratic governance ensure growth, development, equity and democracy.
Gaza: War has set Palestine’s development back nearly 70 years
- UN News
The impact of the year-long war in Gaza and escalations in the West Bank has set development in the State of Palestine back by about 69 years, according to a new UN report released on Tuesday.
Capacity Building Is Key to Africa’s Digital Sequencing Success Story
- Inter Press Service
BULAWAYO, Oct 22 (IPS) - Christian Tiambo has always wished to uplift local farmers' communities through cutting-edge science.