Alberto Fernandez wins Argentine presidential election
28 October 2019 | 11:39 am
Center-left candidate Alberto Fernandez has capitalized on rising poverty, soaring inflation and a battered currency under conservative incumbent Mauricio Macri. A Fernandez victory has spooked markets.
June 12, 2023
June 19, 2023
June 25, 2023
June 22, 2023
July 1, 2023
The Reserve Bank of India has left the benchmark repo rate unchanged at 6.5% as inflationary pressures ease. However, the bank warned some risks remain.
Food prices have almost doubled within a year, and increasing numbers of retired people are falling below the poverty line. Meanwhile, the government continues to invest heavily in the arms industry.
The latest El Nino climate phenomenon has arrived, threatening floods in some areas of the world and droughts in others. Previous disruptive weather patterns cost the global economy trillions and stoked inflation.
This week, Paris is aiming to send a message to world leaders that the major issues facing the planet such as extreme poverty and climate change have to be tackled now. The "Power Our Planet" concert on June 22 in front of the Eiffel Tower is being organised by the NGO Global Citizen, an organisation that has already raised over $40 billion worldwide to fight poverty.
French President Macron says no country should have to choose "between reducing poverty and protecting the planet," at a Paris summit to seek ways to tackle debt, poverty and funding green initiatives.
Sri Lanka is deep in crisis and many people are barely able to afford fuel and food. The state lacks the money to help, and it is the poorest who are suffering the most. People like tea picker Nagamma and her family.
Annual inflation dropped to 5.5% in the 20 eurozone countries. However, the European Central Bank is still expected to raise interest rates in July.
African currencies have lost ground against the US dollar this year, further driving inflation in the import-reliant region. Depleting dollar reserves have left policymakers with limited options to arrest the decline.
Nigeria’s population is growing at an exponential rate. Harnessing the potential of the young is possible if the right measures are taken, experts say. Otherwise, the country's problems could grow more intractable.
Fleeing poverty in Guatemala
As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many to emigrate. While incumbent President Emmerson Mnangagwa has played up improved infrastructure on the campaign trail, his opponent Nelson Chamisa detailed a plan that he says will build Zimbabwe into a $100 billion economy.
30 mins ago
The Baghdad Gate project aims to provide job opportunities for Iraqi orphans. The initiative is run by a non-governmental organization called the Iraqi Home Foundation for Creativity.
30 mins ago
Italian Prime Minister Giorgia Meloni wrote that she learned with "astonishment" of a German government plan to finance two migrant charity groups, one operating rescue boats in the Mediterranean.
1 hour ago
Nigeria’s global impact on fashion and lifestyle cannot be underestimated. From the attire adorned with vibrant colours and intricate designs to the modern styles seamlessly blending tradition and contemporary elements, Nigeria’s fashion has captured the attention of the world.
2 hours ago
French President Emmanuel Macron announced on Sunday night that France will withdraw 1,500 military troops by the end of the year and that France, the former colonial power in Niger, refused to "be held hostage by the putchists."
3 hours ago
On Inside Stuff with Martins Oloja, the multi-award-winning journalist and Editor-in-Chief of The Guardian this week, asks Nigerians to stop serving the God of small things (Part 2).
3 hours ago
PM Mateusz Morawiecki says measures will combat illegal migration from Slovakia, which has arrested 27,000 migrants so far this year. Poland says it doesn't want to be accused of having porous borders.