News headlines for “Free Trade and Globalization”, page 111
G7 Has Failed the Global South in Hiroshima
- Inter Press Service
LONDON, May 22 (IPS) - "G7 countries have failed the Global South here in Hiroshima. They failed to cancel debts, and they failed to find what is really required to end the huge increase in hunger worldwide. They can find untold billions to fight the war but can’t even provide half of what is needed by the UN for the most critical humanitarian crises."
G7 nations, ‘central to climate action’ says Guterres, calling for global reset
- UN News
The world is counting on the G7 bloc of industrialized democracies to demonstrate global leadership and solidarity, said the UN chief on Sunday, speaking to journalists in Hiroshima, Japan, which he described as a “global symbol of the tragic consequences when nations fail to work together”, and abandon multilateralism.
Chile: New Constitution in the Hands of the Far Right
- Inter Press Service
MONTEVIDEO, Uruguay, May 19 (IPS) - On 7 May, Chileans went to the polls to choose a Constitutional Council that will produce a new constitution to replace the one bequeathed by the Pinochet dictatorship – and handed control to a far-right party that never wanted a constitution-making process in the first place.
Europe Sells to Africa and Asia 90% of Its Used Clothes, Textiles Waste
- Inter Press Service
ROME, May 18 (IPS) - Once the money-making businesses have turned Asia and Africa into their low-cost factories, to produce and market at higher prices their clothes and footwear, obtaining more profits by selling to these two continents around 90% of all their used and textiles waste.
Human Rights & Sovereign Debt Restructurings: A Proposal for an Optimal Outcome
- Inter Press Service
PRETORIA, South Africa, May 18 (IPS) - Zambia defaulted on its debt in November 2021 but has not yet reached an agreement with its creditors. Its president recently warned that this situation is hurting its citizens and undermining its democracy because “you cannot eat democracy”.
Government Financing for Mayan Train Violates Socio-environmental Standards
- Inter Press Service
MEXICO CITY, May 18 (IPS) - Mexico’s development banks have violated their own socio-environmental standards while granting loans for the construction of the Mayan Train (TM), the flagship project of the presidency of Andrés Manuel López Obrador.
The End of Dollar Supremacy
- Inter Press Service
RIO DE JANEIRO, Brazil / BUENOS AIRES, Argentina, May 17 (IPS) - Half a century ago, the dominance of the United States dollar in the international finance and trade system was indisputable.
By 1977, the US dollar reached a peak of 85 per cent as the prevailing currency in foreign exchange reserves; in 2001, this position was still around 73 per cent. But today, it is at approximately 58 per cent.
Russia confirms participation in grain deal for at least 60 more days
- UN News
Russia has confirmed that it will continue to take part in the UN-brokered Black Sea Initiative for a further 60 days, the UN Secretary-General said on Wednesday.
Guterres calls for end to digital divide, stressing ‘tremendous opportunities’ ahead
- UN News
Why Quality Seeds Are among the Most Valuable Currency in Climate Finance for Africa
- Inter Press Service
VAUD, Switzerland, May 16 (IPS) - At long last, momentum is growing for an overdue rethink of climate finance and development assistance to support countries on the frontlines of the climate crisis.
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