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U.N. LIQUIDITY CRISIS
UN says it could have zero cash by July as US withholds duesU.N. Secretary-General Antonio Guterres has warned member states that the United Nations faces an “imminent financial collapse” due to unpa...- UN chief proposes slashing 2026 budget by $577 million, cutting 18% of jobsThe UN faces a significant cash crisis, prompting Secretary-General Guterres to propose a $577 million budget cut and over 18% job reductio...
- Netanyahu hints at expanded war in Gaza but former Israeli military and spy chiefs objectBenjamin Netanyahu suggested expanded military operations in Gaza. This occurred amidst a rising Palestinian death toll exceeding 61,000. F...
- Reports of UN reports aren't exaggeratedThe UN is producing more reports than ever — but hardly anyone is reading them. Secretary-General António Guterres said the UN held 27,000 ...
- UN may cut staff by 20%, internal memo saysThe United Nations plans to reduce its budget by 20 percent. Around 6,900 jobs may be cut. This is due to a financial crisis. The United St...
- As UN turns 80, it seeks to cut costs in shadow of Trump uncertaintyThe United Nations, turning 80 this year, is embarking on a major efficiency and cost-cutting initiative amid a persistent cash crisis. A t...
- View: Time for 'Made in India' solutions with G20 imprimaturThe G20 consults and cooperates to more effectively address and govern major issues related to the global economy, including international ...
- COVID-19 could cause $8.5 trillion loss in global output: UN Sec Gen“Unless we act now, the COVID-19 pandemic will cause unimaginable devastation and suffering around the world. Hunger and famine of historic...
- 165 VIPs urge 20 economic powers for billions for COVID-19In an open letter to governments of the Group of 20 nations, the leaders, ministers, top executives and scientists also called for USD 35 b...
- Pakistan emulates ‘Chinese model’ of social distancingHowever, videos of people violating the social distancing measures have gone viral, according to media reports in Pakistan. In this situati...
- World economy will go into recession with likely exception of India, China: United NationsUN's trade body, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a...
- UN's financial crisis real, we need a solution that works: IndiaThe UN owes India USD 38 million, among the highest it has to pay to any country, for peacekeeping operations.
- Asia faces new risks of overheating: ZoellickAsia's rapid recovery from the economic crisis carries new risks of overheating, and governments must carefully unwind their huge stimulus ...
- Now, UN calls for new currency to replace dollarThe dollar's role should be reduced by establishing a new currency to protect emerging markets, UN said. World's top tax havens | Economies...
- UN says financial crisis boosts organized crimeFinancial crisis offers organized crime a unique opportunity to return to the global banking systems from which it had been barred by sanct...
- Don't ignore development fundingTwo months have passed since the effects of the global financial crisis were first felt in Asia and the Pacific.
- Financial turmoil may hit farmers: FAOGlobal wheat and other cereals output will jump to record highs this year, but the financial crisis is likely to hit the world farming sect...
- Financial crisis top on agenda at IBSA summitWhen leaders of India, Brazil and South Africa meet next week for their annual trilateral summit, the one issue on top of their minds will ...
- US financial crisis haunts Asian leadersThe US financial crisis has been haunting Asian leaders as they took the rostrum at the UN General Assembly.
- UN meet to study India, China growth storyThe 192-nation UNCTAD holds full meetings every four years. The presidents of Brazil, Senegal and South Africa are expected to attend.
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