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Inflation pushed 71M people into poverty since Ukraine war

1 Oct 00:56 Key points summarised by AI

Post-Ukraine war, soaring food and energy prices plunged an additional 71 million people worldwide into poverty, with 51.6 million living on less than $1.90 a day.
This rapid increase in poverty, occurring in just three months, outpaced the economic pain experienced during the 18-month peak of the COVID-19 pandemic.
Western sanctions on Russia and blocked Ukrainian grain exports significantly drove up prices for essential commodities, disproportionately affecting low-income nations where families spend 42% of income on food.
The UN Development Program recommends targeted cash transfers over broad energy subsidies and calls for an extension of debt payments for developing countries to prevent further economic collapse and social unrest.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.