News headlines for “Global Financial Crisis”, page 2
East Asia and Pacific Faces a USD 900 Billion Maritime Investment Challenge
- Inter Press Service
UNITED NATIONS, July 31 (IPS) - East Asia and the Pacific’s (EAP) maritime system has powered the region’s rise as the world’s largest trading and manufacturing center, but the infrastructure supporting that system has become increasingly vulnerable.
Financing Africa’s Digital Future: Institutions Push for Smarter, Coordinated Funding
- Inter Press Service
ADDIS ABABA, Ethiopia, July 30 (IPS) - Africa’s digital revolution is gathering pace, but the financing needed to sustain it remains uneven, fragmented, and often out of reach.
Sudan’s War Economy: Funded By Gum Arabic And Gold
- Inter Press Service
UNITED NATIONS, July 27 (IPS) - In the three years since the outbreak of the Sudanese Civil War, the humanitarian crisis has deteriorated significantly, with the United Nations underscoring a blatant disregard for international humanitarian law among warring parties. This includes the deliberate targeting of civilians in residential areas, widespread sexual violence, and attacks on critical infrastructure that have hindered aid efforts and pushed communities to the brink of collapse. To manage rising military expenses, the warring parties have increasingly relied on the exploitation of trade routes and territories, prompting humanitarian experts to express concern about a persistent, self-sustaining “war economy.”
U.S.-Saudi Nuclear Agreement Opens Door to Civilian Nuclear Cooperation, with One Major Caveat
- Inter Press Service
UNITED NATIONS, July 27 (IPS) - On Wednesday, July 22, the U.S. Secretary of Energy, Chris Wright, and Saudi Arabia’s Minister of Energy, HRH Prince Abdulaziz bin Salman bin Abdulaziz signed a civilian nuclear cooperation agreement, best known as a 123 agreement, as well as an accompanying bilateral safeguards agreement, according to the U.S. Department of Energy and the Saudi Ministry of Energy.
Cockroach Protests: How India’s Youth Movement Led to Minister’s Resignation
- Inter Press Service
NEW DELHI, July 27 (IPS) - On July 25, after 50 days of protest at Delhi’s Jantar Mantar, Union Education Minister Dharmendra Pradhan resigned.
Syria’s hopes for renewal hinge on rebuilding trust, lives and livelihoods
- UN News
A country long known as a meeting point of civilizations, Syria stands once again at a crossroads
Guatemala: A Narrow Opening in a Captured Justice System
- Inter Press Service
MONTEVIDEO, Uruguay, July 24 (IPS) - José Rubén Zamora, founder of elPeriódico, Guatemala’s now-defunct leading investigative newspaper, spent 1,295 days in detention before a court granted him house arrest on 12 February. He endured long stretches of solitary confinement in a military jail, held in near-constant darkness and subjected to treatment that six UN experts warned could amount to torture. His offence was simply doing his job. For decades, he exposed the corrupt dealings of Guatemala’s economic and political elites. Prosecutors are still trying to send him back to prison.
The Houthis Don’t Need to Close the Bab el-Mandeb Strait to Strangle the Suez Canal
- Inter Press Service
UNITED NATIONS, July 24 (IPS) - With regional friction between Iran and the Gulf monarchies escalating, Houthi leadership in Yemen has proclaimed a total maritime blockade against all vessels linked to Saudi shipping. While this declaration does not constitute a verified military obstruction of the Bab el-Mandeb Strait, it significantly heightens the risk of volatility at the Red Sea’s southern gateway, potentially severing the primary arterial link to the Suez Canal.
What Development Looks like in Myanmar Today
- Inter Press Service
YANGON, Myanmar, July 24 (IPS) - When asked what development looks like today, a community leader in Kalaw township points to these fields. Once destroyed by a typhoon, they are now productive again. What began as emergency food assistance in the first month was followed by UNDP support in the community—seeds, training, debris removal, support to microbusinesses and small infrastructure—backed by the Republic of Korea, Norway and Switzerland. One year on, the fields sustain three annual production cycles—rice and flowers—with more resilient practices and higher yields. “This is what development looks like to us,” he says.
Food and Transport Costs through Strait of Hormuz Remain High, Burdening Vulnerable Economies
- Inter Press Service
UNITED NATIONS, July 23 (IPS) - Prior to the latest round of hostilities between the United States and Iran, freight traffic had been increasing in the Strait of Hormuz, and negotiations were underway for a new agreement to fully restore trade through this channel.
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