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The International Monetary Fund (IMF) has raised significant concerns about the global public debt situation as it prepares for its annual meetings in Washington D.C. starting October 21, 2024. The IMF projects that global public debt will exceed $100 trillion by the end of 2024, reaching approximately 93% of global GDP. This milestone marks a […]
HAVANA — Millions of Cubans awoke on Sunday to find their homes still without power after another partial grid failure overnight, deepening a crisis that has raised questions over the viability of the government’s efforts to reestablish electrical service. The country’s top electricity official, Lazaro Guerra, confirmed a partial grid collapse in the western provinces of […]
Nigeria’s main opposition party, the PDP, is currently rocked by one of its strongest crises since its establishment 26 years ago Legit.ng reports that the internal discord is fuelled by a struggle to control the party’s structure ahead of the 2027 general elections Against the backdrop of the unending crisis, ex-officio members of the party […]
Water scarcity, long an impending concern in arid nations across the world, has already arrived in Mexico. “Day Zero” — the day when water resources become irreversibly scarce — is rapidly bearing down upon the country. Here, the crisis is driven by a confluence of factors: inequality in access, pollution and the ever-accelerating impact of […]
For example, the council says the Commonwealth would receive $19 billion more in tax revenue over a decade if the states and territories replaced stamp duty with a land tax. An annual land tax would add to economic growth, it says, and the federal government could share those gains with the states and territories to […]
Netanyahu spokesperson says a drone was launched towards Israeli PM’s house Reuters reports that a drone was launched towards Israeli prime minister Benjamin Netanyahu’s home in the northern Israel town of Caesarea on Saturday, citing his spokesperson. The spokesperson added that Netanyahu was not in the vicinity and there were no casualties. Agence France-Presse (AFP) […]
Unstable olive harvests make olive oil price drops uncertain Credit:Pixabay:Stevepb The price of olive oil has not only been a contentious topic for consumers, but also for producers as prices continue to oscillate and uncertain harvests prevail. Over the past year, it has become one of the most widely discussed topics, particularly due to its […]
The rising costs of energy and food imports, falling global prices for raw materials, wars, climate change and poor governance are some of the factors that have worsened the debt problem in many parts of Africa in recent years. Zambia, a resource-rich country in southern Africa, declared insolvency during the COVID-19 crisis. The high costs of energy and […]
18-10-2024 15:00 A severe drought in southern Africa is affecting millions of people, leading to a major food crisis, according to the United Nations (UN). Five countries – Lesotho, Malawi, Namibia, Zambia, and Zimbabwe – have declared national disasters as crops and livestock have been destroyed. Angola and Mozambique are also suffering. The UN’s World […]
18-10-2024 15:00 Southern Africa is experiencing a serious drought caused by the El Niño weather event, which makes some areas very dry. According to the United Nations, millions of people are without enough food. Governments declared a national disaster in five countries – Lesotho, Malawi, Namibia, Zambia, and Zimbabwe. The drought is ruining crops and […]