Escalating Tensions: US-Israel Strain Over UN Ceasefire Resolution
Tensions between the United States and Israel have escalated following the UN Security Council resolution calling for an immediate ceasefire in Gaza
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
UN Secretary-General Antonio Guterres has accused the world's rich nations and energy giants of squeezing poor countries with "predatory" interest rates and "crushing" fuel prices. Speaking to leaders of more than 40 countries in need, at a conference in Doha, Guterres said rich nations should provide $500 billion a year in aid:
"Your countries are trapped in a vicious circle that makes development difficult. And I can assure you that we are fully aware of the injustices created by our unjust global economic and financial system and are determined to change them with reforms. Economic Development is a challenge when countries are starved of resources, drowning in debt and struggling with chronic injustice and an unequal response to Covid-19."
The summit of the least developed countries in Doha was not attended by any of the leaders of the world's major economies, notes AFP. "The global financial system was designed by the rich countries and benefits them the most," Guterres said, adding:
"Fossil fuel giants are making huge profits while millions of people in your countries are starving. Alleviating the crisis of living standards is becoming more difficult every day. The war in Ukraine is driving up energy and food prices. Add and the impact of conflict, drought, hunger and extreme poverty, and the result is a perfect storm to perpetuate poverty and injustice. We must end this storm."
The debt of the least developed countries in the world has more than quadrupled in ten years and amounts to 50 billion dollars by 2021, writes AFP.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BNR
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Ukrainian military intelligence has accused Russian intelligence services of having prior knowledge about the terrorist attack at the Crocus City Hall concert hall near Moscow
Israeli military operations against Hamas and Palestinian Islamic Jihad militants in Gaza City's Shifa Hospital and Khan Yunis continued, according to the Israel Defense Forces (IDF)
The Czech Republic has revealed the dismantling of a vast network of Russian influence spanning across Europe, with Bulgaria among its targeted countries
Amidst reports linking the messaging app Telegram to the recruitment of gunmen involved in a recent attack near Moscow, the Kremlin has issued a warning to the app's owner, Pavel Durov
Russian President Vladimir Putin declared that Russia has no intention of attacking NATO countries such as Poland, the Baltic states, or the Czech Republic
Israeli Prime Minister Benjamin Netanyahu has requested a meeting with the White House to discuss an upcoming ground operation in Rafah, situated in the southern part of the Gaza Strip
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022