Browsing tag

economic recession

UN: Pandemic Will Push 34 Million People Into Extreme Poverty In 2020

4 Mins Read The United Nations’ mid-year update, the World Economic Situation and Prospects (WESP) report, expects that the coronavirus pandemic will drive more than 34 million people into extreme poverty. Highlighting that the crisis will exacerbate existing poverty and inequality, the UN says that strong global cooperation will be critical to both contain the pandemic in the […]

Climate-Forward Companies “Outperformed” During Pandemic According To HSBC

3 Mins Read Companies with a strong environmental focus have outperformed the broader stock market, said HSBC. The news comes during the ongoing coronavirus pandemic, which has caused a global economic fallout unseen since the Great Depression in the 1930s. In a recent research note, the bank detailed how environmental, social and governance (ESG) centric stocks are doing […]

Happy Birthday To Me: An Open Letter About Healthcare On World Health Day

5 Mins Read In this heartfelt letter on World Health Day, Varun Deshpande, the son of an Indian cancer surgeon, writes passionately about the lack of access to healthcare and the devastating knock-on effect for millions in his own country of India and across the world, even in the “best of times” when there is no pandemic. Today, […]

M&S, Walmart, Mothercare: Brands Called Out By XR Activists For Not Paying Bangladeshi Workers During Pandemic

3 Mins Read XR Fashion Action, a global climate advocacy group calling for a 52-week boycott of new clothing or textile products for the planet, has recently voiced the social injustices that garment workers are now facing from fast fashion giants during the coronavirus pandemic. In their Instagram post, the group highlighted the “humanitarian crisis” that is now […]

Coronavirus Pandemic Will Keep 24 Million People In East Asia In Poverty

3 Mins Read The economic recession from the coronavirus pandemic will stop almost 24 million people from overcoming poverty in East Asia and the Pacific this year, warned the World Bank. In a new report, the World Bank also said that households dependent on industries especially vulnerable to Covid-19 will face “substantially higher” risks, such as tourism, manufacturing […]