The financial sector has been an important source of resilience throughout the war in Gaza – but the destruction has taken a toll. Eventual losses on credit portfolios alone are expected to reach USD 981 million. According to the World Bank, 98% of Gaza’s banking infrastructure has been affected: most bank and MFI branches are […]
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Governments will soon submit letters nominating candidates to lead the 80-year-old organization, whose top post is traditionally rotated among geographical regions – although all UN chiefs to date have been men. The Secretary-General is appointed by the General Assembly, the UN’s most representative body, following a recommendation from the Council’s 15 members. A ‘significant’ responsibility […]
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This Friday, for World Diabetes Day, the UN is highlighting how the disease affects pregnancy, in line with this year’s global theme of managing diabetes “across life stages”. The organization has also launched its first-ever global guidelines on how to manage diabetes before, during and after pregnancy. “These guidelines are grounded in the realities of women’s […]
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Summary: Berkshire Hathaway has disclosed a $4.3 billion investment in Alphabet, while further reducing its stake in Apple, marking a significant portfolio shift as Warren Buffett prepares to step down after six decades as chief executive. Berkshire Hathaway’s latest quarterly filing revealed a new multi-billion-dollar position in Alphabet, the parent company of Google, underscoring Buffett’s […]
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The European Union is tomorrow, 15 November, organising the 9th edition of the ‘Day of Dialogue’, which will be held for the first time in the Syrian capital, Damascus. This event reflects the EU’s longstanding commitment to support the Syrian people. This year’s edition focuses on Syrian civil society in the country and has been […]
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Summary: Authorities arrested 21 demonstrators, including faith leaders, during a protest outside the Broadview Immigration and Customs Enforcement (ICE) facility near Chicago. The demonstration, which called for an end to aggressive immigration enforcement, escalated into scuffles that left four police officers injured. A protest led by faith leaders outside the Broadview ICE processing center in […]
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UN Spokesperson Stéphane Dujarric provided the update during the regular briefing to journalists in New York on Thursday. The Sudanese Armed Forces (SAF) and paramilitary group the Rapid Support Forces (RSF) have been battling for power since April 2023, creating one of the world’s worst humanitarian crises. ‘Unimaginable violence’ in El Fasher Violence has intensified […]
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Summary: The OPEC Fund for International Development has pledged $1 billion to support Azerbaijan’s sustainable infrastructure projects, reinforcing the country’s transition toward greener growth and resilient development. The financing will target renewable energy, transport modernization, and climate-resilient infrastructure. The OPEC Fund announced a landmark $1 billion commitment to Azerbaijan, aimed at accelerating investment in sustainable […]
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Summary: Meta has announced a $1 billion investment in a new AI-optimized data center campus in Beaver Dam, Wisconsin, marking its 30th global facility and first in the state. The project underscores Meta’s push to expand infrastructure for advanced AI workloads while delivering community and environmental benefits. Meta confirmed construction has begun on a 700,000-square-foot […]
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Summary: Hong Kong has issued a $1.2 billion digital green bond package, marking a significant step in combining sustainable finance with fintech innovation. The offering underscores the city’s ambition to position itself as a global hub for both green investment and digital asset development. The Hong Kong Monetary Authority (HKMA) confirmed the issuance of the […]
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