Poverty Financial News

Subscribe to enjoy similar stories. “TO GET RICH is glorious" is the maxim that inspired one of the most successful development strategies of the past 50 years. It’s an aspiration widely shared across developing countries—and for good reason.

The Federal Emergency Management Agency has approved a one-year extension of housing help for Maui wildfire survivors

Subscribe to enjoy similar stories. Artificial intelligence (AI) has been the broad theme of this year’s Nobel awards.

Zambia’s worst electricity blackouts in memory have been caused by a severe drought in the region that has left the critical Kariba dam with insufficient water to run its hydroelectric turbines

Subscribe to enjoy similar stories. India has made remarkable progress in reducing income-based extreme poverty over the past several years, but this journey has been anything but straightforward. From 2015 to 2023, the country experienced a sharp rise in extreme poverty, worsened by the covid pandemic, followed by an equally dramatic recovery.

Sex workers are among those hardest-hit by the mpox outbreak in eastern Congo's Kamituga town

Capitalism has yielded significant benefits over the last century. It has driven economies and businesses towards high growth powered by competition, productivity and innovation. This growth has been accompanied by unprecedented job creation, growth in per-capita incomes and standard of living, urban infrastructure and development, free trade, and the creation of market-driven economy.

The CEO of activism organization Global Citizen says the sense of urgency that younger generations bring to solving international challenges needs to be nurtured in the rest of the world

Every September, a crush of events unfold on the sidelines of the United Nations General Assembly, the annual high-level meetings of world leaders in New York

British supermodel Naomi Campbell has been barred from being a charity trustee in England and Wales for five years after the poverty charity she founded nearly two decades ago was deemed to have been “poorly governed” with “inadequate financial managem...

The Argentinian government statistics agency says the official poverty rate in Argentina jumped to 52.9% during the first six months of Javier Milei’s presidency

Members of Britain’s governing Labour Party have dealt Prime Minister Keir Starmer a blow by rejecting his decision to cut a payment that offsets winter heating costs for millions of retirees

A federal control board that oversees Puerto Rico’s finances says it will step in to help speed up projects to fix the island’s crumbling power grid as widespread outages persist

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

India is curiously defying a common law of economics. When foreign investors cool toward an emerging economy’s stock market, share prices usually fall. Not so in the world’s fifth-largest economy.

The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level, overcoming the biggest price spike in four decades to restore most Americans’ purchasing power

Prime Minister Narendra Modi said the current decade is a “lift-off ” phase for India in which the country has to move forward with the mantra of reform, perform and transform to take a giant leap toward achieving big goals. He emphasised that the aspiration of all Indians to see the country become a global manufacturing hub, leading to all-round prosperity, will become a reality. Delivering the keynote address at The Economic Times World Leaders Forum on Saturday, the PM said, “The third decade of the 21st century represents a ‘lift-off ’ decade for Bharat. How will this happen? Who will benefit? We are the ones making it happen, and it will benefit everyone—the entire country.” Modi said India is the land of biggest opportunities today and the government is supporting every effort. “We are poised to take a giant leap forward, and to do so, we are working with a long-term vision,” he added.

Maharashtra Chief Minister Eknath Shinde on Saturday said the ambit of the Majhi Ladki Bahin Scheme will be expanded to cover 2.5 crore women even as the state government has transferred money into the bank accounts of 1.7 crore beneficiaries so far. The chief minister launched the second phase of the scheme at Reshimbagh ground here in the presence of Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, Union Minister Nitin Gadkari, and Women and Child Welfare Minister Aditi Tatkare. «We were not born with a golden spoon. We belong to the family of farmers. Having experienced poverty, we understood why a scheme like this was necessary. We know the value of Rs 1,500,» Shinde said. The Ladki Bahin Scheme provides monthly assistance of Rs 1,500 to married, divorced, and destitute women in the 21-60 age group with a Rs 2.5 lakh annual family income ceiling.

Narendra Modi addressed the gathering at the ET World Leaders Forum. He began his address by saying 'I am sure, at ET WLF, many discussions happened with regard to India’s bright future. He went on to say, 'India is writing a different success story today.' 'We have seen the effect of reforms on our economy success. India has outperformed its peers and beat expectations. Global economy grew 35 pc in 10 years, but Indian economy grew 90 pc and this sustained growth will continue.'

SUMMER ISLAND, Mich.—Steve Libert steered his finicky pontoon boat and aging crew of scuba divers to a spot offshore this uninhabited island in northern Lake Michigan, lined up with a dead cedar tree and dropped anchor. Eight feet beneath the clear, green water sat the skeletal wreck of the first full-size European ship to sail—and sink—in the Upper Great Lakes, in 1679: French explorer Robert La Salle’s Le Griffon. Or maybe not.

₹10 in my pocket." Being poor, being truly poor is when your papa is poor, when your “people" are all poor. It is like being ancient in a generation racing towards the future. The mind of the poor is the brooding background in Hillbilly Elegy, the memoir of J.D.