Governments lose trillions of dollars a year to corruption, money laundering and tax avoidance that could aid people in poverty, a U.N. panel reported.
UNITED NATIONS (AN) — Governments lose trillions of dollars a year to corruption, money laundering and tax avoidance and trillions more are hidden away that could aid people living in poverty, a U.N. panel reported on Thursday.
The coronavirus pandemic is "exacerbating challenges" and the international community must rally together because "a legitimate, coherent ecosystem of instruments and institutions needs coordination," it said.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by US$2 trillion in a year, while 44% of the world population lives on less than US$6.85 a day.
The global organization forecasts some improvement in the world economy but says Trump's plans cloud the outlook.
The Trump administration's erosion of U.S. policy as Europe's main protector played out in a series of U.N. votes on Ukraine.
The coalition Merz forms will greatly influence his ability to govern the country or to strengthen multilateral institutions.
Trump's embrace of Putin and contempt for long-established transatlantic ties is an existential crisis for Europe and NATO.
More than 30 years later, Ukraine is fighting for its survival as it laments the Budapest Memorandum's broken promises.
