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One In Two People Globally Lost Income Due To The Pandemic – Gallup

One In Two People Globally Lost Income Due To The Pandemic – Gallup

One in two people worldwide saw their earnings drop due to the coronavirus, with people in low-income countries particularly hard hit by job losses or cuts to their working hours, research showed on Monday. U.S.-based polling company Gallup, which surveyed 300,000 people across 117 countries, found that half of those with jobs earned less because […]

Financial Firms Should Disclose Emissions From Activities They Fund, group says

Financial Firms Should Disclose Emissions From Activities They Fund, group says

The world’s banks, asset managers and insurers should provide more information to investors about the greenhouse gas emissions from the activities they finance, a group that tracks emissions data said on Wednesday. CDP, which maintains a system used by hundreds of companies, cities, states and regions to voluntarily disclose their emissions data, published a report […]

Tedros Denounces Vaccine Inequity As COVAX Sharing Scheme Marks First Year

Tedros Denounces Vaccine Inequity As COVAX Sharing Scheme Marks First Year

Coronavirus vaccines remain out of reach in the poorest countries, the head of the World Health Organization (WHO) said in a report on Friday, marking the first anniversary of the COVAX dose-sharing facility. “Nearly 900 million vaccine doses have been administered globally, but over 81% have gone to high- or upper-middle-income countries, while low-income countries […]

Young, Jobless And Black: UK Minorities Pay Price Of Pandemic

Young, Jobless And Black: UK Minorities Pay Price Of Pandemic

Young Black Britons have borne the brunt of pandemic job losses, with more than a third now out of work – nearly three times the rate for young white people, a think tank said on Wednesday. The crisis has widened pre-pandemic inequality gaps between ethnic groups, particularly among first-time job seekers, according to research by the Resolution […]

E-commerce Platform Connects Young Afghan Female Entrepreneurs With The World

E-commerce Platform Connects Young Afghan Female Entrepreneurs With The World

A locally grown e-commerce platform in Afghanistan is connecting vendors with customers around the world, providing an important opportunity for the war-torn economy and inspiring a new trend of young women starting up their own small businesses. E-commerce site Click.af started in 2016 to give Afghans access to a domestic online market, and last year […]

Argentine Town Bears Scars Of Poverty As Pandemic Sharpens Economic Crisis

Argentine Town Bears Scars Of Poverty As Pandemic Sharpens Economic Crisis

 In a run-down part of Manzanares, on the outskirts of Buenos Aires, the scars of poverty are clear. People cook with firewood. Some have no electricity, gas or running water. Children play barefoot with old toys next to rudimentary homes. It is a stark reflection of a wider issue gripping Argentina, which a century ago […]

UK Investors Expand Anti-Slavery Push To Construction, Materials Sectors

UK Investors Expand Anti-Slavery Push To Construction, Materials Sectors

 A UK investor coalition that presses companies to unearth modern-day slavery in their supply chains said on Monday it was going to expand its campaign into the construction and materials sectors. The ‘Find It, Fix It, Prevent It’ initiative – founded in 2019 by CCLA Investment Management – has focused up to now on the […]

Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank

Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank

 Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making. In a letter to the participants of the International Monetary Fund and World Bank’s annual spring meeting, the pope said […]

Bangladeshi Overseas Workers Seek Local Jobs As Loans Mount

Bangladeshi Overseas Workers Seek Local Jobs As Loans Mount

When Hamida Parvin returned home to Bangladesh for a holiday from her job as a nanny in Qatar last February, she was excited to see her 17-year-old son after a year apart. But the COVID-19 crisis suddenly escalated, flights were cancelled and Parvin’s joy soon became a nightmare “scramble for survival” as she scoured for […]

Fearing Lost Wages, India’s Urban Poor Shun COVID-19 Vaccine

Fearing Lost Wages, India’s Urban Poor Shun COVID-19 Vaccine

As a second wave of COVID-19 cases sweeps India, some poor city workers are shunning vaccination because they fear losing a day’s pay to get the jab or possible side effects that could force them to skip work for longer. Authorities are scrambling to open vaccination centres in the slums, but uptake has been slower […]

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