News headlines for “Global Financial Crisis”, page 2

  1. Dangers and Lessons of Present Multiple Crises

    Wednesday, April 01, 2020

    PENANG and SINGAPORE, Apr 01 (IPS) - The Covid-19 pandemic, erupting in the background of lethargic global economy, could turn out to be the singular biggest crisis in a century. First reported in Wuhan, China, the corona virus has reached almost all countries. It has infected close to 1 million persons and caused over 40,000 deaths at time of writing; and the figures keep climbing. It is a health catastrophe which if not checked in its track would be the most serious since the Spanish Flu of 1918 that killed over 50 million people.

  2. The Economic Impact of COVID-19 on Developing Countries

    Wednesday, April 01, 2020

    AMSTERDAM/ROME, Apr 01 (IPS) - Part 1 – Addressing the Short Term Aspects

    What is likely to be the impact of the COVID-19 pandemic on developing economies? It is difficult to make predictions, because much will depend on the spread of the disease, especially in Africa, Latin America, Asia and the Middle East, and the measures various Governments will take in the coming weeks and months.

  3. West First Policies Expose Myths

    Tuesday, March 31, 2020

    SYDNEY and KUALA LUMPUR, Mar 31 (IPS) - As the epicentre of the COVID-19 pandemic shifts from China to the developed West, all too many rich countries are acting selfishly, invoking the ‘national interest', by banning exports of vital medical supplies.

  4. Harness Youth to Change World's Future

    Tuesday, March 31, 2020

    NEW YORK, Mar 31 (IPS) - Vanessa Nakate of Uganda may have been cropped out of a photograph taken at the World Economic Forum, but she along with Swedish activist Greta Thunberg have made the climate crisis centre stage.

  5. India’s Trinity of Challenges

    Friday, March 27, 2020

    NEW DELHI, Mar 27 (IPS) - The exigencies of combatting the coronavirus pandemic on a war-footing -- Prime Minister Narendra Modi has announced a nationwide stay-at-home lockdown for 21 days to break the chain of transmission -- has certainly deflected attention from equally pressing challenges confronting India.

    The nation's capital witnessed horrific communal violence when the US President was visiting India, triggering international outrage, including from the South. The economy also deserves attention as growth has been decelerating since 2016-17. With the virus shock, the pace of expansion will contract as the economy shuts down and slides into recession.

  6. East Asian Lessons for Controlling Covid-19

    Thursday, March 26, 2020

    KUALA LUMPUR, Malaysia, Mar 26 (IPS) - By the third week of March 2020, the number of Covid-19 deaths in Italy had overtaken the number of deaths in China. Authorities all over the world are restricting the movements of their populations as part of efforts to control the spread of Covid-19.

  7. COVID-19 in the Time of Insecurity

    Thursday, March 26, 2020

    AMMAN, Jordan, Mar 26 (IPS) - Humankind has outlived multiple pandemics in the course of world history. The kingdoms and states of Central and Western Europe abolished the institution of serfdom once it had become clear that medieval rule in the aftermath of devastating pestilence would founder without ending the dependency and servitude that characterized the Dark Ages.

    The vulnerability of entire nations to the risk of total collapse in the absence of widespread access to the most basic healthcare in the Spanish Flu spurred governments to build the public health systems that have made the progress and development of the last hundred years possible. If the past is prologue, then continuity and survival command that we change.

  8. Stronger UN Leadership Needed to Cope with Coronavirus Threat

    Tuesday, March 24, 2020

    SYDNEY and KUALA LUMPUR, Mar 24 (IPS) - The economic impact of the coronavirus pandemic is hard to predict as events are still unfolding, and estimates vary dramatically. UNCTAD estimates lost output in the order of US$1 trillion, just over a third of Bloomberg's expectation of US$2.7 trillion in losses. The OECD expects global economic growth to halve from already anaemic levels.

  9. Fisherfolk Fix Both Food and Climate by Closing Fishing Grounds

    Monday, March 23, 2020

    JAKARTA, Mar 23 (IPS) - Samsul sounded very happy last Monday (Mar. 16) when recounting his experience of catching crabs worth more than $60 in a single day. 

  10. Fighting Coronavirus: It’s Time to Invest in Universal Public Health

    Monday, March 23, 2020

    NEW YORK and LONDON, Mar 23 (IPS) - Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die.

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