News headlines for “Global Financial Crisis”
Deadly attack on Red Sea ship adds to global supply chain uncertainty
- UN News
A strike on a merchant ship off the southern coast of Yemen that reportedly killed several seafarers on Tuesday threatens to reignite deep concerns about global trade, amid the ongoing Iran-US war that has choked shipping in the Strait of Hormuz.
Saudi Arabia, Türkiye and Pakistan Forge Mutual Defence Pact, as Iran Pursues New Shipping Framework
- Inter Press Service
UNITED NATIONS, August 11 (IPS) - In Makkah, the Kingdom of Saudi Arabia, the Republic Türkiye, and the Islamic Republic of Pakistan agreed to the framework for a joint defence agreement where an attack on any of the three states shall be regarded as an attack against them all.
After post-pandemic improvement, youth unemployment is rising again
- UN News
Frustrated by skyrocketing youth unemployment, among other issues, tens of thousands of Gen Z activists took to the streets of Nepal last year, demanding a stake in the country’s economic growth. The protest worked and the prime minister resigned.
Colombia earthquake: UN joins national response
- UN News
As earthquake rescue efforts across western Colombia continued on Tuesday, UN agencies said that they stood ready to help “with everything we've got” if and when the request came from the authorities for international assistance.
Asia’s Energy Progress Is Great, But Must Pick Up Pace
- Inter Press Service
MELBOURNE, Australia, August 10 (IPS) - In much of the Asia-Pacific region, energy is a success story. Electricity access has greatly increased and the use of clean cooking fuels is now widespread. The region has kept pace with the rest of the world in adopting renewable energy. Many countries have made energy efficiency gains; the Republic of Korea is one of those in the lead worldwide. Progress has continued even in the face of recent energy crises sparked by the war in Ukraine and conflict over the Strait of Hormuz.
Food prices edged up in July amid heatwaves and energy price hikes
- UN News
The cost of key foods edged up last month as searing heatwaves and ongoing geopolitical uncertainty impacted energy prices around the world.
The Year of Pastoralists Must Be More Than Symbolic
- Inter Press Service
WASHINGTON DC, August 6 (IPS) - This is supposed to be the year the world finally sees and recognizes pastoralists. The United Nations has designated 2026 as the International Year of Rangelands and Pastoralists, bringing long-overdue attention to communities who have sustained some of the world’s most fragile and important landscapes for generations.
Green transition: Pay the Least, Benefit the Most
- Inter Press Service
BANGKOK, Thailand, August 5 (IPS) - Inaction and maintaining the status quo of fossil fuel dependence carry significant costs. The recent closure of the Strait of Hormuz, for instance, caused enormous losses to the global economy, with many Asia-Pacific countries bearing disproportionately larger adverse impacts. Had these economies had a more diversified energy mix, they would have benefited from such resilience under current circumstances.
After Restoring Stability, Argentina Needs to Turn Hard-Won Gains into Lasting Prosperity
- Inter Press Service
WASHINGTON DC, August 4 (IPS) - My first meeting in Buenos Aires began with an unexpected gift. Economy Minister Luis Caputo presented me with an Argentine national team jersey bearing my name and the number 10—Lionel Messi’s iconic number.
Trade Liberalisation Never Lifted All Boats
- Inter Press Service
KUALA LUMPUR, Malaysia, August 4 (IPS) - President Trump has blamed trade liberalisation advocated by globalists for US deindustrialisation. Instead, his own weaponisation of economic policies, instruments and institutions purport to ‘make America great again’ (MAGA).
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