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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
As the high-level opening week of the UN General Assembly unfolds, with heads of states delivering often self-serving speeches from the UN’s podium, the organisation is undergoing one of its worst set of crises since its founding 80 years ago. This year’s General Assembly – ostensibly focused on development, human rights and peace – comes as wars are raging across multiple continents, climate targets are
dangerously being missed and the institution designed to address these global challenges is being hollowed out by funding cuts and political withdrawals.
US President Trump’s snide barbs against his appointee, US Federal Reserve Bank Chairman Jerome Powell, have revived support for central bank independence – long abused by powerful finance interests against growth and equity.