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“There is no future”: Lebanon’s new poor face long-term stagnation

Lebanon poverty1

Beirut, Lebanon Reuters Unemployed and unable to support his family of four, Hussein Hamadeh, 51, now spends his days trying to find help to weather a protracted economic crisis that some Lebanese fear has become the new norm. Hamadeh lost his stable job in carpentry and developed an illness that requires expensive medication.  He used […]

“Just give us our money”: Taliban push to unlock Afghan billions abroad

Afghanistan Kabul mother and family

Frankfurt, GermanyReuters Afghanistan’s Taliban government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis. Afghanistan parked billions of dollars in assets overseas with the US Federal Reserve and other central banks in Europe, but that money […]

Migrants losing $US25 billion a year through remittance fees – UN

Thomson Reuters Foundation Lowering the fees migrant workers pay to send money home could result in $US1 billion more being spent on education in developing countries, the United Nations said on Tuesday. Financial institutions are under pressure after a report by UNESCO, the UN body for education, found the charges to send money to some […]