Members of the World Health Organization formally decided to overhaul the organization’s finance mechanism, which has been characterized as “fundamentally rotten” because to its dependence on the whims of donors. The strategy, which has already been agreed to last month by… Read More ›
Economy & Finance
Impossible on quantify full cost of rebuilding Ukraine: German Finance Minister
In a statement German Finance Minister Christian Lindner said, it was impossible to say how much it would cost to rebuild Ukraine. “The Ukrainian side doesn’t talk a lot about reconstruction. The priority is stopping the war, the priority is… Read More ›
IMF Chief Suggests Governments Should Give Food And Energy Subsidy
The president of the International Monetary Fund (IMF) told the BBC that governments should subsidise the cost of food and electricity for the weakest sections of society. People all throughout the world are trying to keep up with escalating living… Read More ›
Doctors Warn Lack Of Medicine In Sri Lanka Is A Death Sentence For Some
An acute shortage of medicine in Sri Lanka resulting from the economic crisis will soon result in deaths, according to doctors, as hospitals are compelled to postpone life-saving surgeries for their patients due to a lack of drugs. Sri Lanka… Read More ›
Taliban signs deal with UAE, Turkey and Qatar on airport operations and security
On Tuesday, in a significant development Afghanistan’s Taliban Administration said, it will sign an agreement with the United Arab Emirates (UAE) to share responsibility for operating airports in the country. The announcement was made on Twitter by Taliban leader Mullah… Read More ›
Australian gas seller Weston Energy collapses following soaring gas prices
On Tuesday, Weston Energy, a gas seller which supplied 7% of the eastern Australian market, has collapsed following soaring LNG prices, marking the first significant casualty in the country from the global gas crisis following Western sanctions on Russia after… Read More ›
Germany wants to pursue energy projects with Senegal
In a significant development German Chancellor Olaf Scholz said, Berlin wants to pursue gas and renewable energy projects with Senegal. The development comes in the backdrop of the war in Ukraine which is having a major impact on energy and… Read More ›
Malicious Hackers Are Threatening The Global Food Supply Chain
Experts warn that modern “smart” farm gear is vulnerable to hostile hackers, putting global supply lines at risk. Hackers may be able to take advantage of weaknesses in agricultural technology used to sow and harvest crops. John Deere, the agricultural… Read More ›
For The First Time In Its History, Sri Lanka Defaults On Its Debt Repayment
As the country grapples with its greatest financial crisis in more than 70 years, Sri Lanka has defaulted on its debt for the first time in its history. On Wednesday, a 30-day grace period to pay $78 million in overdue… Read More ›
A Member Of The European Central Bank Predicts The First Rate Hikes To Be This Summer
According to reports, the ECB will shortly raise rates for the first time in more than a decade, according to a member of the central bank’s governing council. The ECB has been criticized for taking a less forceful monetary policy… Read More ›