Picture used for illustrative purpose. File
Some 77% of people displaced by conflicts have lost a job or revenue since the beginning of the coronavirus pandemic, a survey by the Norwegian Refugee Council (NRC) showed on Monday.
A record 79.5 million people worldwide, or 1% of humanity, were displaced at the end of 2019 after fleeing wars or persecution, according to the United Nations.
The NRC, a non-governmental organisation, polled 1,431 refugees and internally displaced people across 14 countries including Afghanistan, Colombia, Iraq, Kenya Libya, Mali, Uganda and Venezuela.
Some 70% of those surveyed said they had to cut the number of meals for their households and 73% said they were less likely to send their children to school due to economic problems.
"The price of food has doubled. We have to collect scraps to feed our children," said Shayista Gul, 60, who lives in a two-room makeshift home together with 15 others outside Kabul in Afghanistan.
"If the coronavirus does not kill us, hunger definitely will," she is quoted as saying by the NRC in its report.
The pandemic has led to an economic downturn affecting the most vulnerable populations, including refugees and internally displaced people, pushing them into a "dangerous downward spiral", the NRC said.
"Already forced from their homes by violence, often with limited rights to work or access to government services, the economic impact of the pandemic is pushing them to catastrophe," Jan Egeland, Secretary General of the NRC, said in a statement.
Newly jobless Americans filed nearly 1.42 million claims for jobless benefits last week, reversing recent months of decline as the world’s largest economy grapples with a surge ian coronavirus cases.
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services sectors laid off workers because of the coronavirus pandemic.
Japan’s low unemployment rate on paper suggests an economy weathering the coronavirus reasonably well, but official figures belie worsening prospects for the country’s army of temporary workers, who make up about 40% of the jobs market.
Australia’s government said on Thursday its budget was in balance for the first time in a decade and a surplus this year was all but certain, though fiscal stimulus to boost jobs and growth was still seen unlikely for now.
From 6 am, buyers and investors of various nationalities competed at the Nakheel Properties sales center, located at the entrance to Palm Jumeirah, to win opportunities to own a luxury villa or a plot of empty land within the newest waterfront urban development areas in Dubai.
The GCC food market is expected to cross $1 billion by the end of 2023 with a growth rate of 6 per cent. The total value of global food market is set to reach $7 trillion by the end of the current year, this was revealed during the first day of Future Food Forum 2023 in Dubai on Wednesday.
Dubai International Financial Centre (DIFC), in collaboration with Refinitiv, a London Stock Exchange Group business and one of the world’s largest providers of financial markets data and infrastructure, on Wednesday published a report titled “Drivers of Innovation in Financial Services”, revealing a five-year
Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday. The financial services trade group said in a report that global debt in