Antoinette Tyller (European Views) | The EU is calling upon all major economies to increase efforts to combat climate change. The call came in a blog published today by High Representative of the EU for Foreign Affairs and Security Policy, Josep Borrell. The last weeks have seen a series of extreme weather events including severe flooding in Germany and Belgium, and wildfires in Greece, Turkey and Sicily where temperatures yesterday…

By Timothy Rich, Bridget Beavin, Ian Milden, Olivia Blackmon via Fair Observer | Since the federal mínimum wage was introduced in the United States in 1938, it has provided a level of security for workers to be able to afford a minimal living standard. However, the minimum wage of $7.25 an hour has not changed since 2009, the longest timespan without an increase in its history. Critics argue that $7.25…

Many poor countries lost market access in the first half of 2020 with the arrival of the pandemic, forcing them into pro-cyclical austerity. Since then, and up to the end of last May, the IMF had provided unconditional financing to 78 countries to the tune of $109.6 billion. But the bulk of the assistance will come in August, when the IMF’s board of governors approves an allocation of $650 billion…