WFP: 345 Million Face Acute Hunger - Half Are Children

The WFP estimates that the global food crisis has pushed an additional 23 million under-18s into acute food insecurity since the start of the year, taking the total of children now affected to 153 million. (Reuters)
The WFP estimates that the global food crisis has pushed an additional 23 million under-18s into acute food insecurity since the start of the year, taking the total of children now affected to 153 million. (Reuters)
TT

WFP: 345 Million Face Acute Hunger - Half Are Children

The WFP estimates that the global food crisis has pushed an additional 23 million under-18s into acute food insecurity since the start of the year, taking the total of children now affected to 153 million. (Reuters)
The WFP estimates that the global food crisis has pushed an additional 23 million under-18s into acute food insecurity since the start of the year, taking the total of children now affected to 153 million. (Reuters)

The United Nations World Food Program (WFP) estimates that the global food crisis has pushed an additional 23 million under-18s into acute food insecurity since the start of the year, taking the total of children now affected to 153 million.

This represents nearly half of the 345 million people facing acute hunger, according to WFP data from 82 countries.

School-aged children are bearing the brunt of today’s Global Food Crisis with devastating consequences for their education and their ability to catch up on learning lost during COVID school closures, warned the WFP.

WFP and partners are calling for an ambitious plan of action to restore school meal programs disrupted by the pandemic and expand their reach to an additional 73 million children.

Detailed costing estimates for the plan suggest around $5.8 billion annually would be required.

The plan would supplement wider measures to combat child hunger, including an expansion of child and maternal health programs, support for out-of-school children, and increased investment in safety nets.

Hunger levels among the 250 million children now out of school are almost certainly higher than for those in school, the WFP warns.

School meal programs are among the largest and most effective social safety nets for school-aged children.

They not only keep children, particularly girls, in school, but help improve learning outcomes by providing better and more nutritious diets.

They also support local economies, create jobs and livelihoods in communities, and ultimately help break the links between hunger, an unsustainable food system and the learning crisis.

Separately, the number of people experiencing extreme hunger has more than doubled in some of the countries most vulnerable to climate change, the charity group Oxfam International said in a new report.

The report found that extreme hunger has risen by 123 percent over the past six years in Afghanistan, Burkina Faso, Djibouti, Guatemala, Haiti, Kenya, Madagascar, Niger, Somalia and Zimbabwe — the 10 countries with the highest number of United Nations aid appeals driven by extreme weather events.

Across these countries, 48 million people are estimated to suffer from acute hunger, which is defined as hunger resulting from a shock and causing risks to lives and livelihoods.

Oxfam International said Somalia is facing its worst drought on record and one million people have been forced to flee their homes as a result, the report said.

Oxfam said climate-fueled hunger is a "stark demonstration of global inequality" because the least-polluting countries are the most affected by droughts, floods and other extreme weather events.



Treasury Chief Says US May 'Unsanction' Iran Oil Already Being Shipped

Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)
Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)
TT

Treasury Chief Says US May 'Unsanction' Iran Oil Already Being Shipped

Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)
Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)

US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

Bessent's comments to Fox Business came as oil and gas prices made a renewed surge after Iran hit the world's biggest liquefied natural gas (LNG) facility in Qatar and threatened to destroy the region's energy infrastructure, AFP reported.

Bessent added in the interview that the US government could also release more oil from its strategic reserves.

US President Donald Trump's administration has been scrambling to rein in rocketing energy costs after US-Israeli strikes on Iran on February 28.

Tehran's retaliation brought commercial shipping through the Strait of Hormuz to a virtual halt, snarling energy supply chains.

Around a fifth of global crude oil and liquefied natural gas passes through the critical waterway during peacetime.

Already, international benchmark Brent surged 10 percent earlier before easing to a 5.0 percent increase at $112.76 per barrel.

Recently, the United States also temporarily allowed the sale of sanctioned Russian oil that is at sea. On Wednesday, Trump temporarily waived a century-old maritime shipping law in an attempt to help ease energy prices.


UK Wage Growth Slows to Weakest in 5 Years

FILED - 17 February 2016, United Kingdom, London: A Job Centre Plus is pictured in this file photo from February 17, 2016. Photo: Philip Toscano/PA Wire/dpa
FILED - 17 February 2016, United Kingdom, London: A Job Centre Plus is pictured in this file photo from February 17, 2016. Photo: Philip Toscano/PA Wire/dpa
TT

UK Wage Growth Slows to Weakest in 5 Years

FILED - 17 February 2016, United Kingdom, London: A Job Centre Plus is pictured in this file photo from February 17, 2016. Photo: Philip Toscano/PA Wire/dpa
FILED - 17 February 2016, United Kingdom, London: A Job Centre Plus is pictured in this file photo from February 17, 2016. Photo: Philip Toscano/PA Wire/dpa

British wages rose at their slowest pace since late 2020 in the three months to January, according to official data which also suggested a weakening in employment might have bottomed out before the start of the war in the Middle East.

The figures would normally boost bets on the Bank of England cutting interest rates. But the central bank is widely expected to signal at 1200 GMT that it is waiting to see the impact of the war on Britain's economy before deciding its next move.

Yael Selfin, chief economist at KPMG UK, said Thursday's data would not change the BoE Monetary Policy Committee's immediate views.

"Priorities have shifted, with MPC members set to turn their attention to the new upside risks to the inflation outlook," she said. "This could see interest rates staying higher for longer, raising the prospect of a more pronounced loosening in the labor market over the coming months."

Last ⁠week ONS data ⁠showed zero growth in Britain's economy in January, but a surge in oil prices means an expected fall in inflation back towards its 2% target in April may prove more fleeting than the BoE had hoped.

The Office for National Statistics said regular earnings, which exclude bonuses, rose by 3.8% in the November-to-January period, the smallest increase since the three months to November 2020 and down from 4.1% in the final quarter of 2025.

Economists polled by Reuters had mostly expected regular pay growth of 4.0%. Total pay growth, which includes bonuses, showed a similar trend, slowing to 3.9%.

The ONS data also ⁠showed Britain's unemployment rate - which is calculated from a survey that the ONS is still overhauling - held at 5.2%, its highest since the COVID-19 pandemic period but below a median forecast in the Reuters poll for a rise to 5.3%.

Unemployment for 16-24 year olds - a key focus of government concern - edged down to 16.0% from an 11-year high of 16.1% in the final quarter of 2025.

Separate, more timely tax office data, also released on Thursday, showed the number of people in payrolled employment rose by a provisional estimate of 20,000 people between January and February.

In January, payrolls rose by a revised estimate of 6,000 compared with a provisional estimate of a fall of 11,000.

The latest data and revisions make it the first time that there have been three consecutive monthly rises in payrolled employment since May 2024.

"Today's labor market data will make for some positive reading. After nearly a year of disappointment, signs of stabilization are emerging," Sanjay Raja, ⁠chief UK economist at Deutsche ⁠Bank, said.

Until this month, the BoE had been trying to gauge whether lingering inflation heat in the labor market or a weakening of hiring in recent months posed the bigger risk to the economy.

But new inflation pressures have emerged, caused by the jump in energy prices after the start of the war in the Middle East.

The BoE is expected to keep borrowing costs on hold on Thursday at the end of the MPC's March meeting which, until recently, had been expected to result in a quarter-point rate cut.

The ONS data showed private sector annual regular wage growth - a measure of inflation heat closely watched by the BoE - slowed to 3.3% in the three months to January from 3.4% in the three months to December, also its weakest since late 2020.

Last month, the BoE said pay growth needed to be around 3.25% to keep inflation at its 2% target.

Deutsche Bank's Raja said the figures showed wage growth was slowing by slightly more than the BoE had forecast, offering some relief from the worries about a new energy price shock coming from the US-Israeli war on Iran.

"This, we think, can allow the MPC to remain cool-headed as we brace for another inflation wave - at least for now," he said.


Morgan Stanley Joins Peers in Pushing Back Fed Cut Forecasts on Inflation Fears

FILE PHOTO: Morgan Stanley logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Morgan Stanley logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
TT

Morgan Stanley Joins Peers in Pushing Back Fed Cut Forecasts on Inflation Fears

FILE PHOTO: Morgan Stanley logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Morgan Stanley logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Morgan Stanley on Thursday joined Goldman Sachs and Barclays in pushing back its forecast for the US ​Federal Reserve's next interest rate cut to September from June after the central bank flagged inflationary risks amid the Middle East conflict.

The Wall Street brokerage now expects quarter-point reductions in September and December, revising its earlier forecast of reductions in June and September.

"In the near term, ‌higher energy prices ‌will push up overall inflation, ​but ‌it ⁠is ​too soon ⁠to know the scope and duration of the potential effects on the economy," Fed Chair Jerome Powell said in a press conference after the central bank kept interest rates unchanged on Wednesday.

New projections show that Fed policymakers as a ⁠group anticipate the Federal Open Market Committee ‌will cut the policy rate ‌by a quarter percentage point ​before the end ‌of the year, while major Wall Street firms ‌still expect two rate cuts.

"A cautious Fed means delay. The primary risk to our view remains that rate cuts come later or not at all," Morgan ‌Stanley strategists said in a note.
"In the other direction, a second-round surge ⁠in oil ⁠prices could mean activity and labor markets weaken, prompting cuts."

Oil prices have climbed above $100 a barrel due to the ongoing Middle East conflict that has led to the closure of the Strait of Hormuz, a key trade route that handles almost a fifth of the global oil trade.

Traders are currently pricing in over a 70% chance that the US central bank will ​hold rates steady ​in September, according to the CME FedWatch tool.