Finance

The currency redesign in Nigeria is a policy decision that went into effect weeks before the presidential election that takes place on Feb. 25. Nigerians were told to turn in their old banknotes for new ones, but now, they are struggling to procure the new cash.

Brazil's President-elect Luiz Inacio Lula da Silva is taking his concerns for the environment to the international stage. As a special guest at COP27 this week in Egypt, he said he’s going to tackle deforestation.

As US-China relations continue to deteriorate over China’s messaging on Taiwan, the Biden administration recently announced it won’t remove tariffs on Chinese goods put in place by former President Donald Trump. The news is a blow to businesses that do substantial business with China.

Residents from Colombia and Venezuela turned out in large numbers last week to welcome the reopening of their shared border to vehicles. Two commercial trucks, covered with the respective flags of each country, crossed the border point, marking the end of seven years of closure.

Banks in Lebanon have partially reopened this week after the government had ordered them to be shut down. The closures were prompted by a spate of bank heists conducted by people whose savings have been stuck in banking system.

The United Nations has said more than 700 children have died in malnourishment centers in Somalia this year. Several parts of the country could experience famine from October to December due to extreme drought.

Environment and Climate Change Minister Khadija Mohamed al-Makhzoumi says the world often associates Somalia with security issues. But the biggest problem facing Somalia now is climate change, she said.

Congress members in Colombia are earning 35 times as much as regular workers. Sen. Jonathan Pulido Hernandez says it's time for lawmakers to take pay cuts in order to show restraint with public funds and connect more with the people they represent. But not everyone's on board.

Himalayan glaciers are melting at a much faster pace than anyone had really appreciated to date, according to Huma Yusuf, host of "Climate Mahaul," a podcast focused on climate change. Yusuf joined The World's host Carol Hills to discuss Pakistan's catastrophic flooding.

Sri Lankan families who have never had to worry about putting food on the table are now struggling. Even those with a financial cushion are seeing their lives being upended.