UN chief blasts 'outdated' global financial structure

13 Sept 06:25 Key points summarised by AI

UN Secretary-General Antonio Guterres condemned the global financial system, highlighting that 3.3 billion people live in nations where debt payments surpass spending on education or health.
Guterres labeled the current situation a "systemic failure," attributing it to an "outdated global financial system" that perpetuates colonial power dynamics.
A UN report revealed global public debt soared to $92 trillion last year, a five-fold increase since 2000, with developing countries holding nearly 30% and facing disproportionately higher interest burdens.
The report also noted a significant shift in developing countries' debt composition, with private creditors now holding 62% of external debt, complicating restructuring and increasing costs.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

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.