poor

China Faces Challenges in Promoting EV Adoption in Poorer Towns

7 months ago

China, as the world's leader in manufacturing and selling electric vehicles (EVs), is encountering significant challenges in boosting EV purchases in the country’s less affluent regions. Despite substantial investments in charging infrastructure and subsidies for EV purchases, sales remain low in areas such as Guizhou province. Local residents often opt for more affordable and traditional internal combustion engine vehicles.

World Trade Organization Warns of Protectionism's Risks for Poor Nations

7 months ago

The World Trade Organization (WTO) in its recent report expressed growing concern about global protectionism and its potential impact on widening the gap between rich and poor countries. The organization warns nations against adopting policies aimed at restricting international trade, which could lead to deeper inequalities in the world economy.

The Rise in Grocery Prices in the UK Hits the Poor Harder than the Wealthy

8 months ago

Recent data comparing the inflation level in the UK shows that the rise in food prices and essential goods is particularly burdensome for poorer segments of the population, as opposed to wealthier citizens. This conclusion is based on statistics indicating that lower incomes bear a more severe perception of inflation, as a significantly larger percentage of their budgets is devoted to groceries.