Humanitarian crisis in Yemen grows as economy collapses: UN | United Nations News

Yemen’s economy is collapsing, the humanitarian crisis is deepening and the conflict in the Arab world’s poorest nation is becoming more violent, the deputy humanitarian head of the United Nations said. The stark remarks of Deputy Secretary-General Ramesh Rajasingham came out during a briefing to the UN Security Council on Thursday. More than 20 million … Read more

UN urges Lebanon to implement reforms as extreme poverty rises | United Nations News

Amid economic collapse, Lebanon’s medical crisis is a “death sentence” and famine a “growing reality,” the UN says. Beirut, Lebanon – The United Nations has sounded the alarm over Lebanon spiral of economic collapse, calling on the country’s leaders to urgently implement reforms as extreme poverty rises and famine becomes a “growing reality” for thousands … Read more

UNDP’s Steiner on the Climate Statistics Keeping Him Up at Night | Business and economic news

UNDP’s Steiner on the Climate Statistics Keeping Him Up at Night |  Business and economic news

New York City, United States – The world must use trillions of dollars in coronavirus recovery and stimulus to ensure countries have green economies, Achim Steiner, administrator of the United Nations Development Program (UNDP), told Al Jazeera. Steiner, Friday’s co-chairman High-level dialogue on energy (HLDE) at the UN, says the event is an opportunity for … Read more

Lebanon’s inflation is worse than Zimbabwe and Venezuela | Business and economic news

Lebanon’s inflation is worse than Zimbabwe and Venezuela |  Business and economic news

According to Bloomberg data, Lebanon’s annual inflation rate is the highest in the world. Through Ainhoa ​​Goyeneche and Dana KhraicheBloomberg Lebanon’s annual inflation rate has risen to the highest of any country tracked by Bloomberg, surpassing Zimbabwe and Venezuela as the financial collapse in the Middle East worsens. The consumer price index rose 137.8% in … Read more

About 20% of Nigerian workers lost jobs due to COVID | Business and economic news

About 20% of Nigerian workers lost jobs due to COVID |  Business and economic news

A new report from the Nigerian National Bureau of Statistics and the United Nations Development Program illustrates how the coronavirus pandemic has had an excessive socio-economic impact on Nigeria and the livelihoods of its citizens. A new report published Tuesday offers a stark assessment of how the COVID-19 pandemic has affected the Nigerian economy and … Read more

As the gap between rich and poor widens between nations, UN urges reform | Business and economic news

As the gap between rich and poor widens between nations, UN urges reform |  Business and economic news

A new report from the United Nations on Wednesday highlights divergent economic recovery across countries and casts new urgency behind warnings that richer countries are not doing enough to help poorer countries fall further behind as the world recovers from COVID-19 disruptions. “It’s really frustrating to see how the responses to the pandemic have been … Read more

US Census Data Shows The COVID Pandemic Has Undo Poverty Advances | Business and economic news

US Census Data Shows The COVID Pandemic Has Undo Poverty Advances |  Business and economic news

The poverty rate in the United States rose to 11.4 percent in 2020 after hitting a 60-year low in 2019. Through Jill R. Shah and Alex TanziBloomberg U.S. household income fell in 2020, while the national poverty rate rose from a 60-year low when the Covid-19 pandemic rocked the U.S. economy and left millions out … Read more