Five richest men doubled fortunes after 2020, Oxfam says as Davos opens | Poverty and Development News

Five richest men doubled fortunes after 2020, Oxfam says as Davos opens | Poverty and Development News

Charity says billionaires $3.3 trillion richer than in 2020 as annual gathering of business elites take place. The world’s richest five men have more than doubled their fortunes since 2020, the charity Oxfam has said, sounding the alarm about unchecked corporate power as business elites hold their high-profile annual gathering…

Jelena Begovic: Serbia’s tech rise in East vs West power struggle | Science and Technology

Jelena Begovic: Serbia’s tech rise in East vs West power struggle | Science and Technology

Serbian minister of science explores how the country’s growth in technology navigates the East-West rivalry. Following the Cold War’s ideological rift, East-West rivalry persists, fuelled by advances in AI, cybersecurity, telecommunications and biotechnology. Emerging from conflict, Serbia, once a war-torn nation, has left its pariah status behind. Two decades after…

Argentina announces that it will not join BRICS bloc | Business and Economy News

Argentina announces that it will not join BRICS bloc | Business and Economy News

The move is the latest shift in economic and foreign policy by newly elected hard-right President Javier Milei. Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties…

Mourning and worrying about the future in rural Egypt | Poverty and Development

Mourning and worrying about the future in rural Egypt | Poverty and Development

Cairo, Egypt – Egypt’s grinding economic crisis is top of mind as the country waits for the results of its presidential election in which the incumbent President Abdel Fattah el-Sisi is expected to win. For decades, Egyptians who could manage it have become economic migrants in other countries, especially in…

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…

Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

Lula faces numerous challenges as Brazil assumes G20 presidency | Business and Economy News

As Brazil takes over the G20 presidency on December 1 from India, Luiz Inácio Lula da Silva will be challenged to fulfil his promise of holding up the interests of the global south amid two ongoing wars and a slowing global economy. Lula also takes over at a time of…