Mexican president floats global anti-poverty plan in U.N. speech

Mexican President Andres Manuel Lopez Obrador on Tuesday pitched a global anti-poverty plan that seeks to uplift some 750 million poor people who live on less than $2 a day and would be financed largely by rich. In a speech to the United Nations, Lopez Obrador stressed that the plan could give the world’s poor

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Trump had to be stopped from appointing Ivanka to run the World Bank

‘It came incredibly close to happening’ Former treasury secretary Steven Mnuchin was forced to intervene when former president Donald Trump proposed appointing his daughter Ivanka as the head of the World Bank, according to a report. Talk of Ms Trump being at the helm of the global financial institution was more seriously considered than was earlier perceived, according to two

Myanmar currency drops 60% in weeks as economy tanks since February coup

Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive trended on social media

Inequality – How wealth becomes power (1/3) – DW Documentary (2018)

Germany is one of the world’s richest countries, but inequality is on the rise. The wealthy are pulling ahead, while the poor are falling behind. For the middle classes, work is no longer a means of advancement. Instead, they are struggling to maintain their position and status. Young people today have less disposable income than

Pro-EU party in Moldova wins clear majority in election

A pro-reform party seeking closer ties for Moldova with the European Union has won a clear majority in the parliamentary election, electoral commission results show Monday. Sunday’s election was called by President Maia Sandu, who sought to gain a parliament made up of pro-EU reformists in the former Soviet republic. The Party of Action and

Lebanon days away from ‘social explosion’, PM Diab warns

World Bank has called Lebanon’s crisis one of worst depressions of modern history as half of population lives in poverty. Lebanon is a few days away from a “social explosion”, caretaker Prime Minister Hassan Diab has warned, calling on the international community to save a country in deep economic crisis. The World Bank has called

Sudan Introduces Basic Income Scheme for Nearly All Its Population to Ease Economic Pain

The Sudanese government is introducing a donor-funded scheme to provide a temporary $5 basic monthly income to millions of its citizens For Intisar Altayib, who ekes out a living drawing henna tattoos in Khartoum, soaring prices in Sudan mean running up tabs at local stores and cutting back on evening feasts during the Muslim holy