World

UN chief condemns rich countries 'predatory' tactics against poor

DOHA: United Nations chief Antonio Guterres on Saturday slammed the world's rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.

Guterres told a summit of more than 40 of the most deprived states on the planet that wealthy nations should provide US$500 billion a year to help others "locked out of capital markets by predatory interest rates" while energy companies make record profits. — AFP

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