Financial Crisis

Shipping Industry Seeks Certainty as Experts Back Strong Net-Zero Framework

As global shipping braces for another round of high-stakes negotiations, a volatile mix of rising fuel costs, geopolitical tensions and deep political divisions is testing the fragile consensus around a proposed Net-Zero Framework (NZF) aimed at decarbonising one of the world’s most polluting industries.

Trump Rips off Velvet Glove from Mailed Fist

Trump 2.0 has been marked by the blatantly aggressive exercise of power to secure US interests as defined by him. While many recent trends even predate his first term, his reduced use of ‘soft power’ has exposed his bullying, extortionary use of US power.

Iran War Threatens World Food Crisis

While media coverage of Iran’s restrictions on passage through the Hormuz Straits focuses on fuel prices, partial closure is also disrupting crucial fertiliser and other supplies, risking catastrophe for billions worldwide.

Nepal’s Gen Z Electoral Revolution

Less than six months after Nepal’s Generation Z rose up in protest, the country has a new prime minister. A 35-year-old former rapper who soundtracked the protests swept to power in a landslide in the 5 March election.

Central Bank Hedging Triggered Gold Fever

In mid-1971, US President Nixon ended the dollar’s gold peg at $35 per ounce, triggering de-dollarisation. The 2025 gold and silver rush followed private speculators trying to profit from central banks hedging against perceived new risks.

Running on Sunshine: Pakistan’s Solar Boom to Tide Over Middle East Energy Crisis

Energy expert Vaqar Zakaria believes solar power makes “excellent economic sense” – and he lives by it. For over five years, his rooftop panels have slashed his bills, sometimes to zero, even allowing him to sell surplus electricity back through net metering.

Oil Shocks, Political Upheaval and the One Solution Governments Keep Ignoring

Once again, global oil prices are spiking, driven by the Israeli-US war against Iran. With Iran retaliating by attacking infrastructure and transport hubs and blocking the Strait of Hormuz, through which one-fifth of the world’s oil passes, oil supplies from the region are being choked, pushing up prices. The cost of a barrel of Brent crude – the international benchmark for oil prices – stood at US$73 before the conflict but has surged beyond US$100 since. It could go higher still as war continues.

Massive US War Spending Hike Raises Debt, Taxes, Doubts

As US President Donald Trump pushes the world to war, arms spending has been rising worldwide. Wars secure more budgetary allocations, mainly benefiting the US-dominated military-industrial complex.

Trump Tariffs Creating Less Manufacturing Jobs

President Donald Trump has shaken up the world economy and the rule of international law in the first year of his second term – ostensibly to make America great again, particularly by reviving US manufacturing jobs.

Trade Liberalisation Undermines Development

Despite lacking both evidence and theory, many economists claim trade liberalisation accelerates development. But only a few economies have gained many jobs from external market access.

Economic Dogma Blocks Pragmatic Policies

After condemning pragmatic responses to the 1997-98 Asian financial crises, the West pursued similar policies in response to the 2008 global financial crisis without acknowledging its own mistakes.

Trump De-dollarisation Accelerant

While US President Donald Trump has blamed the BRICS and foreign investors for de-dollarisation, his rhetoric, actions and policy measures are mainly responsible for the trend’s recent acceleration.

Millions at Risk in 2026 as Aid Budgets Hit Historic Lows

2025 has been an especially turbulent year for humanitarian aid operations as global aid budgets have experienced record declines in funding. As conflicts, environmental disasters, and economic crises intensify and disproportionately impact the world’s most vulnerable communities, the resources available in global emergency funds are falling far short of rapidly growing needs.

Graduation Must Be a Springboard, Not a Stumbling Block

As we gather in Doha for the High-Level Meeting on “Forging Ambitious Global Partnerships for Sustainable and Resilient Graduation of Least Developed Countries,” the stakes could not be higher. A record number of fourteen countries-equally divided between Asia and Africa are now on graduation track. Graduation from the Least Developed Country (LDC) category is a landmark national achievement—a recognition of hard-won gains in income, human development, and resilience. Yet, for too many countries, this milestone comes with new vulnerabilities that risk undermining the very gains that enabled graduation.

World Must Pay to Make America Great Again

US President Trump’s economic strategy for his second term aims to get the rest of the world, especially its wealthy allies with greater means, to pay more to help strengthen the US economy.

World Food Programme Warns of Emergency Levels of Hunger Amid Severe Funding Cuts

In 2025, unprecedented cuts to foreign aid and humanitarian funding have exacerbated global hunger crises, leaving millions without access to food or basic services. Funding shortfalls have forced aid agencies to scale back or suspend lifesaving programs in some of the world’s most food-insecure regions, particularly across the Global South—exacerbating already dire conditions caused by conflict, displacement, economic instability, and climate shocks.

Strengthening East Asian Cooperation via ASEAN?

Global South cooperation arrangements must evolve to better respond to pressing contemporary and imminent challenges, rather than risk being irrelevant straitjackets stuck in the past.

Moldova’s Democratic Defiance

Democracy was the winner and Russia the loser in Moldova’s 28 September election. The incumbent pro-Europe Party of Action and Solidarity (PAS) won a parliamentary majority on just over half of the vote, while support for a pro-Russia coalition collapsed to a record low. The result came in the face of Russia’s most intense attempt yet to influence an election, with a propaganda and disinformation operation allegedly orchestrated by Ilan Shor, a disgraced Moldovan oligarch who fled to Russia to escape jail time for his role in a massive fraud.

‘The Government Was Corrupt and Willing to Kill Its Own People to Stay in Power’


 
CIVICUS discusses recent protests that led to a change of government in Nepal with Dikpal Khatri Chhetri, co-founder of Youth in Federal Discourse (YFD). YFD is a youth-led organisation that advocates for democracy, civic engagement and young people’s empowerment.

No African Development from Western Trade Policies

The World Bank’s 1981 Berg Report provided the blueprint for structural adjustment, including economic liberalisation in Africa. Urging trade liberalisation, it promised growth from its supposed comparative advantage in agriculture.

UN80: Three Tests to Make Reform About People, Not Spreadsheets

This September the UN turns 80, but the lessons of peace, justice, and cooperation are still unfinished. The world today faces the flames of inequality, conflict, ecological collapse and growing digital threats. In short, the very problems the UN was created to solve are once again staring us in the face.

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