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Fight climate change like coronavirus: UN

Geneva, Switzerland | AFP | The world should fight climate change with the same determination it is showing in the battle against the new coronavirus, the United Nations said on Wednesday. The UN’s World Meteorological Organization said it was time to flatten the curve on climate change as well, with its …

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World Bank warns remittance payments to plunge amid pandemic

Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …

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Crude suffers fresh sell-off but equities temper early losses

Hong Kong, China | AFP |  Oil resumed its painful retreat Wednesday, extending a rout that has torn through energy markets, though stock exchanges in Asia and Europe were mixed following a two-day sell-off. With demand virtually non-existent owing to virus lockdowns, and production still high despite storage at bursting point, …

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Trump curbs immigration as UN warns of humanitarian ‘catastrophe’

Washington, United States | AFP |  President Donald Trump partially blocked immigration to the United States “to protect American workers” from the economic shock of the coronavirus, as the United Nations warned the world was facing “a humanitarian catastrophe”. The UN alarm bell came as nations scrambled to not only fight …

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