US-based organizations gather in front of the BlackRock headquarters in New York City to demand the asset holder cancel USD 220 million of Zambia’s debt
70% of Zambia’s debt is held by Western institutions, and 220 million is held by investment giant BlackRock.
Western institutions own 70% of Zambia’s debt. It’s time for the largest private owner of such debt to cancel it entirely, say activists
Europe and the US ignore Africa, Latin America, and Asia’s calls to find a solution that ends the war in Ukraine—and, as Namibia’s prime minister put it, redirect funds spent on weapons toward solving global issues.
Ghana has approached the G20 to restructure its external debts, the majority of which are held by private lenders. The process is necessary to unlock a $3 billion IMF bailout that will see severe austerity measures imposed on the Ghanaian people
Eugene Puryear of BreakThrough News talks about the high rates of incarceration in the US and the role of the private prison sector in intensifying the crisis
Zambia is heading toward critical negotiations to restructure its mounting debts. The IMF has approved a $1.3 billion bailout plan for the country, which will impose cruel austerity measures on the Zambian people
Today we look at how investors are driving border violence and the climate crisis, the acquittal of an Australian policeman in the murder of an Indigenous teen, and more
Over 1,100 coal workers at the Warrior Met mine in Alabama have been on strike for four months. The protest in New York City was held to put pressure on Warrior Met’s largest shareholder, BlackRock Inc.