Last September, I had argued why “a war of arms and a peace of commerce cannot co-exist”. This is a follow up to that and events of the last 2 years sadly reinforce the point. With Russia’s GDP (troublingly) growing by 3.6% in 2023, Putin is overseeing the fastest-growing G7 economy with unemployment at an...
Tag: GDP
Russia has recruited as many as 15,000 Nepalis to fight its war. Many returned traumatized. Some never came back
Ramchandra Khadka stood in front of a temple in the middle of Kathmandu, Nepal, praying for his fellow countrymen who are fighting for Russia in Moscow’s war against Ukraine. As the ceremonial bells rang and the sweet smell of incense filled the air, he lit candles and offered flowers to a deity. All he wants...
Africa faces about $30B in climate-related losses by 2030, warns expert
Africa is estimated to lose about $30 billion or 15% of its Gross Domestic Products (GDP) annually to climate change effect by 2030, an international financial expert said on Thursday. “Africa is estimated to lose 5% to 15% of its projected GDP by 2050 with a projected climate adaptation cost of $10 billion to $30...
Migrant workers face risks building Europe’s new gas supplies in the UAE
Climate Home spoke with migrant workers in the UAE, who face harsh conditions and a lack of transparency when risk turns deadly. After four years working in construction in Abu Dhabi, United Arab Emirates, Mohammed Amer, a 23-year-old migrant labourer from Pakistan decided to move to the oil and gas sector in search of better...