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Feb 9, 2023

Is there a moral obligation on richer nations to help struggling countries?

From the BBC World Service: The head of the World Trade Organisation Ngozi Okonjo-Iweala tells us richer countries have a moral obligation to help poorer ones through the cost of living crisis. Plus, what next for games developer Activision Blizzard and its $70 billion tie-up with Microsoft after the UK competition regulator said it would hurt consumers? And, can Credit Suisse rebuild? After a string of scandals, it has a new management team and a new plan but a massive annual loss – its worst since the 2008 financial crisis – shows the scale of the task ahead.

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BERLIN, GERMANY - NOVEMBER 29: Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Scholz met with the five leaders as part of an annual, informal dialogue over the global economic situation. (Photo by Carsten Koall/Getty Images)
BERLIN, GERMANY - NOVEMBER 29: Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Scholz met with the five leaders as part of an annual, informal dialogue over the global economic situation. (Photo by Carsten Koall/Getty Images)

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Is there a moral obligation on richer nations to help struggling countries?