A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to “ensure a green and just transition.”
The South American country has more than enough arable land to feed its 46 million people, writes Vijay Prashad. But during the rise of agribusiness, hunger and landlessness is growing and spawning new forms of protest.
This is an undemocratic body that uses its historical power to impose its narrow interests on a world that is in the grip of a range of more pressing dilemmas. writes Vijay Prashad.
In a country that had relied on cheap gas from Russia, the pro-Zelensky prime minister has resigned and a technocratic caretaker government faces a confidence vote in Parliament.
Calls to reform the Security Council have been made many times in the past, but Ramzy Baroud says Beijing’s position is particularly important in both language and timing.
The modern corporation began in 16th century England with the Muscovy Company’s innovative way of raising money for the long journey to Russia, writes Matt Kennard.
Vijay Prashad says the expanding IMF-driven debt crisis, which has converted the idea of “financing for development” into “financing for debt servicing,” bears watching while China waives debt to 17 African nations.
Amnesty lamented that governments have turned to “repression and unnecessary and excessive use of force” against struggling demonstrators instead of addressing their core concerns, such as high food prices and paltry wages.
Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.
The Stockholm International Peace Research Institute’s data shows that Washington spends three times as much on its military than China, the second-largest spender, Ashik Siddique reports.