SYDNEY and KUALA LUMPUR, May 10 (IPS) – The world is being pressed by financial interests to raise interest rates, ostensibly to check inflation. After the US Federal Reserve started raising interest rates, more central banks have been doing likewise.
Considering inflation’s contemporary causes, such ‘follow the leader’ central bank mimicry cannot check it except by slowing economies. Worse, this has meant taking on huge new risks, seriously damaging world economic prospects in the medium and long-term.
Read the full story, “Finance Drives World to Stagflation”, on globalissues.org →
‘Make or bake time’: Guterres urges climate justice pact as leaders gather at COP31 
Hotter World, Older Population: How Long Can Climate COPs Ignore the Obvious? 
Lebanon: After 48 years patrolling the Blue Line, UN peacekeepers prepare exit 
International Day for the Elimination of Violence against Women 2026 
FRANCE: ‘The Government Should Learn to Respect Its People, Listen to Them and Consult Them’ 
From Nuclear Weapons to Artificial Intelligence, a New Test of Humanity’s Restraint