How the west can stop the global south being strangled by debt | Heather Stewart

The GuardianSunday, October 19, 2025 at 12:16:34 PM
How the west can stop the global south being strangled by debt | Heather Stewart
The article highlights the urgent debt crisis facing countries in the global south, particularly Ethiopia, which is on the brink of legal action from creditors after failed negotiations to restructure its $1 billion debt. With rising borrowing costs and cuts to aid budgets from western governments like the UK, the situation is becoming increasingly dire. This matters because it underscores the need for renewed commitment from developed nations to support sustainable development and prevent further economic turmoil in vulnerable regions.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Chinese embassy approval could be unlawful if UK ministers gave advance assurances
NegativeWorld Affairs
The approval of a Chinese super-embassy in east London may be deemed unlawful if UK ministers, including Keir Starmer, provided prior assurances to Beijing. Legal experts, led by Lord Banner, suggest that such promises could indicate 'predetermination,' raising serious concerns about the integrity of the planning process. This situation is significant as it highlights the potential legal ramifications of political commitments and the scrutiny surrounding foreign investments in the UK.
Betfred says gambling tax rise in budget will force it to shut all its UK shops
NegativeWorld Affairs
Betfred has announced that it will close all 1,287 of its UK betting shops if the government raises taxes on the gambling industry in the upcoming budget. This move highlights the significant impact that potential tax increases could have on the profitability of gambling firms, prompting them to ramp up lobbying efforts. The situation is critical as it not only affects Betfred's operations but also raises concerns about the future of the gambling sector in the UK, which could face severe challenges if taxes rise significantly.
Government vows to create 400,000 jobs in energy sector
PositiveWorld Affairs
The UK government has pledged to create 400,000 jobs in the clean energy sector, a move that Ed Miliband emphasizes is crucial for reducing energy bills sustainably. This initiative not only aims to boost employment but also addresses the pressing need for a greener economy, making it a significant step towards energy independence and environmental responsibility.
The return of ‘Tescopoly’? How Britain’s biggest retailer dominates everyday life
PositiveWorld Affairs
Tesco, the UK's largest supermarket chain, is making a strong comeback this year, capturing more of shoppers' spending. With its presence felt in everyday life through Clubcards and numerous stores, Tesco's influence is undeniable. CEO Ken Murphy is leading the charge, showcasing the company's resilience and adaptability in a competitive market. This matters because it highlights how a major retailer can shape consumer habits and the economy, especially during challenging times.
Government aims to create 400,000 jobs through UK national green energy plan
PositiveWorld Affairs
The UK government is launching an ambitious national green energy plan aimed at creating 400,000 jobs over the next five years. This initiative, announced by Energy Secretary Ed Miliband, focuses on training individuals for roles in high-demand sectors like plumbing, welding, and electrical work, particularly targeting those transitioning from fossil fuel jobs and school leavers. This plan not only addresses the urgent need for skilled workers in the green industry but also promotes trade union recognition, making it a significant step towards a sustainable future.
Labour promises 'just transition' for oil and gas workers as their jobs dry up
PositiveWorld Affairs
The Labour government has announced a significant initiative aimed at supporting oil and gas workers as their industry faces decline. This plan focuses on training and recruiting these workers for the rapidly growing clean energy sector, which is expected to expand significantly over the next five years. This transition is crucial not only for the workers affected but also for the broader goal of sustainable energy development, highlighting the government's commitment to a greener future.
Chris Smalls: Linking workers rights and Palestinian liberation
PositiveWorld Affairs
Chris Smalls, a prominent labor organizer, discusses the vital connection between workers' rights and Palestinian liberation in a conversation with Marc Lamont Hill. He emphasizes the importance of global solidarity among workers, advocating for a united front in support of Palestine. This perspective not only highlights the struggles faced by workers everywhere but also calls for a broader understanding of social justice that transcends borders, making it a significant topic in today's interconnected world.
Brexit impact on UK economy 'negative for foreseeable future,' Bank of England chief says
NegativeWorld Affairs
The Bank of England's chief has expressed concerns that Brexit will negatively affect the UK's economic growth for the foreseeable future. This statement highlights the ongoing challenges the UK faces in navigating its post-Brexit landscape, which could influence policy decisions and economic strategies moving forward.
Latest from World Affairs
Israel Hits Dozens of Targets in Gaza After Saying Hamas Killed Troops in Attack
NegativeWorld Affairs
Tensions have escalated as Israel launched strikes on multiple targets in Gaza, claiming that Hamas killed its troops in a recent attack. This accusation comes after a fragile truce, raising concerns about the potential for further violence in the region. The situation is critical as it not only affects the immediate safety of those involved but also has broader implications for peace efforts in the area.
NFL week seven: Vikings v Eagles, Chiefs v Raiders and more after Rams rout Jaguars – live
PositiveWorld Affairs
In an exciting NFL week seven, the Rams showcased a dominant performance with a 35-7 victory over the Jaguars, highlighted by Adams' impressive hat-trick at Wembley. This win not only boosts the Rams' confidence but also keeps them in the playoff conversation, making it a significant moment in the season. Fans are eager to see how this momentum will carry into the next games.
Liverpool 1-2 Manchester United: Premier League – live reaction
PositiveWorld Affairs
Manchester United secured a thrilling 2-1 victory over Liverpool at Anfield, marking their first win at this iconic stadium in a decade. Bryan Mbeumo's early goal set the tone, while Harry Maguire's late header sealed the deal. This match is significant not just for the win but also for the implications it has on the Premier League standings and the ongoing rivalry between these two historic clubs.
Heist at Louvre Leaves Museum Missing Priceless Jewels
NegativeWorld Affairs
A daring heist at the Louvre Museum in Paris has left the institution missing priceless jewels, as thieves employed a portable furniture elevator and an angle grinder to break in and steal royal artifacts in just seven minutes. This incident not only raises concerns about security at one of the world's most famous museums but also highlights the ongoing issue of art theft, which can have lasting impacts on cultural heritage.
War in Gaza caused big political shifts, and more are likely on the road to peace
PositiveWorld Affairs
The ongoing war in Gaza is reshaping political dynamics in the Middle East, with Trump's 20-point plan encouraging former rivals to collaborate. This shift is significant as it challenges long-standing geopolitical assumptions and could pave the way for a more stable peace in the region. While some experts urge caution, the potential for lasting change is evident, making this a crucial moment for international relations.
Israel suspends aid into Gaza and launches ‘massive wave of attacks’ – Middle East crisis live
NegativeWorld Affairs
The situation in the Middle East is escalating as Israel has suspended aid to Gaza and launched a significant wave of airstrikes in response to what it calls a blatant violation of the ceasefire by Hamas. This development is crucial as it threatens to completely collapse the fragile peace that had been established, raising concerns about the humanitarian impact on civilians in Gaza and the potential for further conflict in the region.