Humanity must chart new course on water use: UN chief

Earlier in the week, Guterres described water as humanity’s “lifeblood” and said its “vampiric over-consumption” had “broken the water cycle” and caused more natural disasters. NGOs, governments and the private sector offered nearly 700 commitments before and during the three-day UN gathering, which attracted nearly 10,000 participants. The pledges ranged from building toilets to restoring […]

Donors exceed Pakistan’s flood recovery target with over $9 billion in aid

International donors on Monday committed more than $9 billion to help Pakistan recover from last year’s devastating floods, surpassing its external financing targets and setting a new tone on raising money to fight climate disasters in poor countries. Model paved the way. Officials from some 40 countries as well as private donors and international financial […]

UN chief calls for sweeping reform of ‘biased’ financial system

The International Monetary Fund, whose delegation was meeting Pakistan’s finance minister on the sidelines of the conference, is yet to approve the release of the $1.1 billion originally disbursed in November last year. This has left Pakistan with enough foreign exchange reserves to cover only one month’s imports. Expressing dismay at the inaction of global […]

Putin warns of ‘serious consequences’ of oil price controls

World Putin warns of ‘serious consequences’ of oil price controls Russian President Vladimir Putin warned on Thursday during a telephone conversation with Iraq’s prime minister that Western plans to introduce an oil price cap could have “serious consequences” for energy markets. “Vladimir Putin stressed that such actions contradict the principles of market relations and have […]