Big companies earned over USD 1 trillion of profit in 2022, says joint Oxfam and Action Aid study
The study recommends that governments impose a windfall tax on these excessive profits and use the money raised to carry out social security programs to tackle a range of issues including the cost of living crisis, poverty, hunger, and climate change
A decade after military coup, Egyptians continue to struggle with authoritarian rule
Despite strong popular discontent, the regime of General Abdel Fattah al-Sisi has been sustained in power by the US and its regional allies such as the Gulf monarchies as it is willing to play a the role of a proxy in the region
Is the EU bribing and blackmailing Tunisia to crack down on migrants?
The Workers’ Party of Tunisia and human rights groups have condemned an agreement between the government and European countries which seeks to end “irregular migration.” They say Tunisia will become a policeman for Europe and crack down on migrants
During meeting with African delegates, Putin claims Ukraine withdrew from draft peace agreement last year under Western pressure
The African delegation led by South African President Cyril Ramaposha visited both Ukraine and Russia and met with the leaders to presented a 10-point peace proposal and offered mediation to end the war
Climate change is intensifying humanitarian crisis in war-affected Yemen
A fact sheet prepared by SIPRI and NUPI warns that the climate crisis in Yemen needs urgent international attention as competition over scarce water resources and fertile land may jeopardize the possibility of peace in the country
US bid to convince allies to normalize ties with Israel is floundering
Despite repeated high-level visits, US officials have so far failed to convince the Saudis to normalize relations with Israel. The recent visit by US Secretary of State Antony Blinken also confirms speculation that Gulf Cooperation Council countries are striving for more autonomy
Is there a way out in sight to Lebanon’s political crisis?
Political groups and parties elected to the parliament in the last elections were first unable to cobble up a majority, and after Michel Aoun’s term ended in October, no cabinet could be formed without a president. However, over the past few months, the candidature of Suleiman Frangieh for president has gained traction
Economic sanctions make populations in targeted countries poorer, sicker and vulnerable
According to a study published by CEPR, rich and developed countries in the West have increased the use of illegal unilateral punitive measures despite being aware of their ill effects on people