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Africa

Africa: UN Faces ‘Race to Bankruptcy’ As Guterres Unveils Sharply Reduced 2026 Budget

eriinfo.com4 months ago07 mins

The United Nations faces a “race to bankruptcy” unless Member States pay their dues in full and on time, Secretary-General António Guterres warned on Friday, presenting a sharply reduced $3.238 billion regular budget for 2026. The revised proposal marks a significant drop from his original ask for next year of $3.715 billion and is 15.1…

U.S. imports from China fell sharply in June, despite rush of orders ahead of new tariffs

eriinfo.com7 months ago05 mins

China’s exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers ahead of an August deadline. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs…