The World Health Organization (WHO) today released new guidance for countries on ways to counter the immediate and long-term effects of sudden and severe cuts to external funding, which are disrupting the delivery of essential health services in many countries. The new guidance, called “Responding to the health financing emergency: immediate measures and longer-term shifts”,…
Bonds may be more than just a safe haven. BondBloxx ETFs’ Tony Kelly, a former Goldman Sachs Asset Management global ETF head, contends it’s where investors can also play offense due to the market backdrop. “It’s definitely getting more nuanced,” the firm’s co-founder told CNBC’s “ETF Edge” this week. “Advisors are being a bit more thoughtful…
Amazon robots used in a warehouse to pick stock. (Picture: Amazon) Amazon.com has become the latest in a list ofcompanies that will be downsizing because of artificial intelligence (AI) andautomation eliminating the need for thousands of jobs. However,as a percentage of the global workforce, the number of jobs currently beinglost to AI is minuscule. Alan…
iOCO co-CEO Rhys Summerton. (Photograph supplied) Listed technology company iOCO is reducing its debt over time, having substantially trimmed its bank loans before pursuing acquisitions, with three potential deals already identified. For the first time in three years, iOCO reported strong operating cash flows with focused resource and capital allocation, while also reducing short- and…
New York – Sweeping aid cuts are dismantling the very organizations that are critical to ending violence against women and girls. The new UN Women report, At Risk and Underfunded, based on a global survey of 428 women’s rights and civil society organizations, finds that on the back of cuts by governments, more women are at risk of…
Ritshidze, the world’s largest community-led monitoring system, is in jeopardy following the cuts to U.S development aid announced in January. Established in 2019, Ritshidze monitored service delivery and the availability of essential medicines at over 450 clinics in 25 health districts across eight provinces in the country every quarter. Its purpose is to document, report…
More companies are announcing AI-driven layoffs from Salesforce to Accenture. Twenty20 From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. But critics say AI has become an easy excuse for firms looking to downsize. Last month, tech consultancy firm Accenture announced a…
A severe funding shortfall is threatening to cripple UN peacekeeping operations worldwide, with the Organization warning that it will have to scale back patrols, close field offices and repatriate thousands of ‘blue helmets’ due to delayed payments from Member States. The crisis, which UN peacekeeping chief Jean-Pierre Lacroix described as “more daunting than ever,” follows…
The United States is cutting billions in foreign aid. In Nigeria, pregnant women and others now face higher risks from HIV Kyuntu John, a mother of three, is running out of her antiretroviral drugs needed to fight AIDS. In a matter of days, her supply will end. But in the wake of the Trump administration’s…
Nearly 14 million people could face severe hunger by the end of the year, the World Food Programme (WFP) warned on Wednesday, as slashed humanitarian funding threatens six of its most critical operations. Programmes in Afghanistan, the Democratic Republic of the Congo (DRC), Haiti, Somalia, South Sudan and Sudan are already facing major disruptions, which…
