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The Latest Breaking News from Developing Countries

U.S. national debt is its Achilles’ heel, but China sees it as an opportunity

China is gradually establishing itself as a major player in what has recently been called the Global South, previously known as the Non-Aligned Movement. Over the last few decades, China has become the world’s biggest creditor of developing countries. That has prompted many to fear that it will subjugate partners…

The Conversation

Why a new climate finance goal already has countries fighting

Even though India’s southwest monsoon season is officially over, it left much loss and damage in its wake. The most devastating disaster this season was the landslide in Kerala’s Wayanad which killed over 400. The impact of climate change on India’s weather systems is well recorded. As every season becomes more intense and…

Newslaundry

Weight-loss drug firm accused of prioritising profits after halting insulin pen production

Novo Nordisk’s decision will force people in developing countries to use outdated glass vials and syringes, warn campaigners

The Guardian - UK

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Can Carbon Credits Help Close Coal Plants?

A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel.

International Business Times

How fast fashion from the UK damages developing countries

Letters: Tim Gossling says local clothing industries are undercut, while Jess Dugdale highlights clothing swaps as an antidote to overconsumption. Plus a letter from Alan Mitcham

The Guardian - UK

UK will need to double nature protection funding to meet targets, new data shows

Carbon Brief says more than £800m will need to be spent in each of the next two years

The Guardian - UK

In Slick, Royce Kurmelovs exposes just how long, and hard, the fossil fuel industry has worked to advance its interests

If Australia was a small developing country, then the ability of the oil and gas industry to exploit our political system, and in turn our natural resources, would make perfect sense. Most people have read stories of multinational companies bending the domestic policies of developing countries to suit the interests…

The Conversation

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Climate Finance: What You Need To Know Ahead Of COP29

Developing countries will need trillions of dollars in the years ahead to deal with climate change -- but exactly how much is needed, and who is going to pay for it?

International Business Times

Environment Takes Centre Stage As Global Summits Loom

Global warming. The summit, known as COP29, is expected to land a new agreement on "climate finance": money from rich nations most responsible for global warming to developing countries vulnerable to climate change.

International Business Times

Climate Finance Talks Make Little Progress Before UN Summit

International negotiations on money to help developing countries tackle climate change concluded without a breakthrough this week, just two months before Azerbaijan hosts the United Nations climate summit.

International Business Times

TECNO is using foldables and AI to bridge the gap between developed and developing countries

TECNO recently revealed its new AI vision, which includes new "practical AI" features aimed at emerging markets. The company plans to launch these new features on its upcoming foldables, launching very soon.

Android Central

Mining deep sea despite unknowns

With a newly elected leader, the International Seabed Authority must decide the future of more than half of the wor

Salon

Focus On Crucial COP 29 In Azerbaijan Gathers Pace ‌

Can COP29 Be a Climate Turning Point? Azerbaijan Holds the Key ‌

Zenger

Trade row won’t hurt US and China’s emissions talks, says US climate chief

John Podesta says negotiations ‘to find a path forward’ continue with urgent discussions planned for Cop29

The Guardian - UK

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The Guardian - UK

Developing countries face worst debt crisis in history, study shows

Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say

International Business Times

COP29 Hosts Urge Fossil Fuel Majors To Donate To Climate Fund

Azerbaijan said Friday it hopes to raise money from fossil fuel producers for green projects in developing countries as the petro-state prepares to host the world's most important climate summit.

The Guardian - UK

Collapse of UK firm Small World means vital money transfers are not arriving

People in developing countries are particularly affected after the business stopped processing transactions

The Conversation

Extreme heatwaves highlight climate injustice while western countries fail to act – here’s how governments can help

Average global air temperatures breached 1.5°C for the first time at the start of 2024 — at least five years earlier than predicted. So, while developing countries burn, global climate injustice persists.

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Bored Panda

Ewan, Jamie, and Lachlan Maclean Are Planning To Row 9,000 Miles From Peru To Australia

These 3 brothers from Scotland are crossing oceans to make a long-lasting change in the world by raising money to provide clean water in developing countries. The post Ewan, Jamie, and Lachlan Maclean Are Planning To Row 9,000 Miles From Peru To Australia first appeared on Bored Panda.

The Guardian - UK

Climate activists bemoan scant progress on finance as Cop29 looms

UN says finding funds to tackle climate crisis is ‘a steep mountain to climb’, as talks end with little agreement

The Conversation

Foreign aid can help strengthen the economies of donor countries by boosting business

Support for foreign aid is dwindling in many developed countries, including Canada. Reflecting this trend, a recent survey found 59 per cent of Canadians want to reduce foreign aid to developing countries.

International Business Times

UN Chief Says Global Tensions Threaten International Trade

The international trading system is on the brink of fragmenting amid rising geopolitical tensions, UN Secretary-General Antonio Guterres warned Wednesday, as he cautioned the world against splitting into rival blocs.

The Independent UK

The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit

The United Nations is reporting that global public debt rose to a record $97 trillion last year, with developing countries owing roughly one-third of that – crimping their ability to pay for basic government services like health care, education and climate action

The Conversation

African countries could unlock billions in local and global trade – what’s working and what’s not

Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty.

International Business Times

Pharma Firm Urged To Share New 'Game-changer' HIV Drug

More than 300 politicians, health experts and celebrities on Thursday called for US pharmaceutical giant Gilead to allow cheap, generic versions of a promising new HIV drug to be produced so it can reach people in developing countries most affected by the deadly disease.

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