Argentina’s Milei starts shock therapy by devaluing peso by 50 percent | Business and Economy News

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent | Business and Economy News

New president Milei warns of painful measures as currency value slashed, subsidies cut, public works tenders cancelled. Argentina’s government has announced it will slash the value of its currency, the peso, by more than 50 percent against the US dollar as its new far-right president seeks radical solutions to fix…

Can Indigenous inclusivity be the key to successful carbon markets? | Indigenous Rights News

Can Indigenous inclusivity be the key to successful carbon markets? | Indigenous Rights News

Carbon markets, a popular mechanism used by global businesses and countries to offset their emissions, have been on the table during negotiations at the United Nations COP28 Climate Change Conference. In a year that has seen carbon markets under growing scrutiny due to reports of alleged scams revealing that only…

Puma to end sponsorship of Israel’s national football team in 2024 | Israel-Palestine conflict News

Puma to end sponsorship of Israel’s national football team in 2024 | Israel-Palestine conflict News

The company says the move, planned since last year, is unrelated to boycott calls against it amid Israel’s war on Gaza. Sports brand Puma will stop sponsoring Israel’s national football team in 2024, according to a company spokesperson. The move was planned since last year and is not related to…

Communities on US LNG front line ask Biden to reject export terminal | Business and Economy

Communities on US LNG front line ask Biden to reject export terminal | Business and Economy

Travis Dardar, a fisherman and member of the Isle de Jean Charles Tribal Community off the coast of Louisiana, has twice been displaced by fossil fuels. Rising sea levels forced him and his tribal nation to move in 2016 from the island where they had settled in the 1830s to…

Argentina’s Javier Milei tells nation to brace for painful economic shock | Politics News

Argentina’s Javier Milei tells nation to brace for painful economic shock | Politics News

Newly inaugurated libertarian president warns there is ‘no alternative to a shock adjustment’. Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline. Taking office on Sunday after his upset election last…

As retailer REI’s troubles with employees continue, consumers back off | Labour Rights News

As retailer REI’s troubles with employees continue, consumers back off | Labour Rights News

Claire Chang, a visual merchandiser at sports goods retailer REI’s flagship location in New York City, was drawn to the company because of her then-blossoming love of the outdoors. After working in an office setting, she said she looked for something a little less stressful. That’s what brought her to…

‘Where is our future’: Uganda declares war on used clothing | Business and Economy

‘Where is our future’: Uganda declares war on used clothing | Business and Economy

For nearly three decades, the chaotic, overcrowded Owino secondhand market in Uganda’s capital has been the cornerstone of Hadija Nakimuli’s life, helping the widowed shopkeeper build a house and raise 12 children. But a potential government ban on the sale of used clothing threatens to sever this crucial lifeline for…

Can traditional architecture help build a ‘more resilient future’? | Climate Crisis News

Can traditional architecture help build a ‘more resilient future’? | Climate Crisis News

Suva, Fiji – From the Arctic to the Pacific, Indigenous communities have used unique design and building techniques for millennia to help them survive in some of the most challenging environments on Earth. Now, as the UN World Meteorological Organization confirms that 2023 is ‘almost certain’ to be the hottest…

In a Toronto neighbourhood, renters go up against big owners | Business and Economy

In a Toronto neighbourhood, renters go up against big owners | Business and Economy

Sonia Israel and her two daughters are among the more than 100 tenants of a housing complex in Toronto’s Thorncliffe Park neighbourhood who have been on a rent strike since May, withholding payment in an effort to pressure landlords to stop the process of increasing rents massively. The landlords –…

Why did China’s state media make a sudden turn towards friendlier US ties? | Politics News

Why did China’s state media make a sudden turn towards friendlier US ties? | Politics News

For years, Chinese media has portrayed the United States as an unfriendly nation that seeks to contain and weaken China on the world stage. The US has repeatedly been cast as a threat to world peace in Chinese media owing to Washington’s policies of arming Taiwan, sending military assistance to Ukraine,…