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Half of humanity lives in countries that are forced to spend more on servicing their debt than on health and education, which is nothing less than a development disaster, UN Secretary-General Antonio Guterres said.
The number of people going hungry in the world has risen by 122 million to 735 million since 2019 because of the Covid-19 pandemic and the war in Ukraine, the UN has said.
The world’s biggest corporations together raked in over $1 trillion in windfall profits each year for the past two years amid soaring prices and interest rates, while billions of people are having to cut back or go hungry.
