The European Union is expected to indefinitely freeze hundreds of billions of Russian funds held in Europe in line with a plan to use the cash to support Ukraine. The bloc’s members were expected to approve the plan on Friday to immobilise 210 billion euros ($246bn) worth of Russian sovereign assets for as long as…
Washington — Congress is aiming to withhold part of Defense Secretary Pete Hegseth’s travel budget until the Pentagon hands over footage of the strikes on alleged drug-smuggling boats near Venezuela. The provision was tucked into a compromise version of the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six…
The Global Fund Eighth Replenishment Summit aimed to raise $18 billion for the next three years to save up to 23 million lives during that period. By the end of proceedings on Friday, however, pledges totalled just $11.34 billion — falling far short of the target. The United States pledged $4.6 billion, down from the…
San Francisco, United States – Just weeks ago, Brandon Praileau, a pastor from Norfolk, Virginia, was speaking to families in his community about a federally funded programme that would help them install rooftop solar units in their homes. The government funds would take care of their installation costs, and once installed, lower the burden of rising…
Addis Ababa — First Pledge From Africa Announced Representatives from African Union Member States met last week in Addis Ababa, Ethiopia, to engage on the Global Fund’s Eighth Replenishment, just days ahead of the pledging summit in Johannesburg, South Africa, on the margins of the G20 Leaders’ Summit. The meeting – convened by the Global…
Our countries did not light this fire–but we are burning in its heat. And the smoke does not stop at our borders. –Evans Njewa, Least Developed Countries Group chair, when talking about the importance of the Loss and Damage Fund for LDCs BELÉM, Brazil, Nov 13 2025 (IPS) – Least Developed Countries have hailed the…
Zhang Lei, founder and chairman of Hillhouse Investment, during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Wednesday, Nov. 5, 2025. Bloomberg | Getty Images Asia-focused private equity managers are turning more bullish on the world’s second-largest economy, betting on Beijing’s drive for technological self-sufficiency and rapid adoption to deliver the next…
Pension funds and insurance companies in different African countries invest billions abroad despite energy projects on the continent needing investment, says chairperson of the presidential initiative on climate change in Sierra Leone Kandeh Yumkella. Speaking at the Accelerated Partnership for Renewables in Africa (Apra) investment forum in Sierra Leone, Yumkella said projects in Africa are…
Over 63 million East Africans experienced severe hunger in 2024 and 40% lack access to safe drinking water. East African countries collectively contribute a tiny 0.09% of the global carbon emissions but are some of the worst-hit by the global climate crisis. Appeals for humanitarian assistance doubled from $3.1 billion to $6.1 billion during the…
Nearly 600 million people across the African continent still lack access to electricity. Close to one billion rely on traditional biofuels for cooking. Africa is also very vulnerable to climate change, even though it has contributed less than 5% of the world’s greenhouse gas emissions over the past 170 years. Speeding up the move to…
