By Larry Elliott 9 May 2022 (The Guardian) – The departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. There is no bankruptcy system for states but if there was then the south Asian country – down to its last $50m (£40m) of reserves – would be first in […]
By Hannah Ellis-Petersen 11 May 2022 (The Guardian) – Troops and armoured vehicles have been deployed across the city of Colombo and security officials given orders to shoot on sight anyone deemed to be participating in violence as anti-government protests continued to rock Sri Lanka. The crisis turned volatile earlier this week after pro-government supporters began attacking […]
26 April 2022 (France 24) – Humanity is suffering from a “broken perception of risk”, spurring us into activities and behaviours that cause climate change and a surging number of disasters around the globe, the UN warned Tuesday. In a fresh report, the UN Office for Disaster Risk Reduction, or UNDRR, found that between 350 and […]
By Maria Cheng 5 May 2022 LONDON (AP) – The World Health Organization estimates that nearly 15 million people were killed either by coronavirus or by its impact on overwhelmed health systems during the first two years of the pandemic, more than double the current official death toll of over 6 million. Most of the […]
By David Callaway 26 April 2022 MANAGUA, Nicaragua (Callaway Climate Insights) – As Latin America prepares for another disastrous hurricane season, two major intergovernmental reports are pointing to the need for urgency in reversing years of climate-related disasters that have driven more people into poverty. A report by the World Bank this month said over the past […]
By Pierre-Olivier Gourinchas 19 April 2022 (IMF) – Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine. This crisis unfolds even as the global economy has not yet fully recovered from the pandemic. Even before the war, inflation in many countries had been rising due to supply-demand imbalances and […]
By Carmen Reinhart and Leora Klapper 2 May 2022 WASHINGTON (Project Syndicate) – When Russian tanks rolled into Ukraine, private-debt crises were probably already brewing—albeit hidden from view—in many parts of the world, as a result of the economic disruptions caused by the COVID-19 pandemic. Now, the war is pushing even more countries toward similar […]
25 April 2022 (Euromaidan Press) – February 23 was an ordinary workday for the thousands of employees on two very different facilities: Chornobayivka chicken farm near Kherson and Azovstal, a giant steel mill in Mariupol. Now, after two months of the war, they are equally jobless due to the destruction of both enterprises: either by […]
By Fransiska Nangoy 22 April 2022 JAKARTA (Reuters) – Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely […]
By Hannah Ellis-Petersen 20 April 2022 RAJANGANAYA, Sri Lanka (The Guardian) – Driving through the verdant landscape of Rajanganaya, a rural district in north Sri Lanka where the hibiscus flowers pop out of rich green foliage and the mango trees are already weighed down by early fruit, it is hard to imagine this is a […]
