Iraq has won an up-front $2 billion infusion from a state-owned Chinese oil company, as it continues to struggle amid the pandemic-triggered collapse in energy prices. After numerous bids to Iraq's State Organization for Marketing of Oil (SOMO), the deal was clinched by ZhenHua Oil Co, a subsidiary of state-owned China North Industries Group Corp (Norinco). The deal marks the first in which Iraq has sought a pre-payment for crude, with oil effectively used as security for a loan. According to Bloomberg, SOMO is to supply some 130,000 barrels a day of crude for five years. Norinco is primarily a defense company, with investments in oil and minerals in several countries.

Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty, bringing the total to over 1 billion by 2030, according to findings by the United Nations Development Programme (UNDP). The study, part of a long-standing partnership between UNDP and the Pardee Center for International Futures at the University of Denver, assesses the impact of different COVID-19 recovery scenarios on the UN's Sustainable Development Goals (SDGs), evaluating the multidimensional effects of the pandemic over the next decade. The "Baseline COVID" scenario, based on current mortality rates and the most recent growth projections by the International Monetary Fund (IMF), would result in 44 million more people living in extreme poverty by 2030 compared to the development trajectory the world was on before the pandemic. Under a "High Damage" scenario, where the recovery is protracted, COVID-19 is likely to push an additional 207 million people into extreme poverty by 2030, compared to that baseline, says the report.

Hundreds of striking farmworkers are blocking the Panamerican highway through southern Peru, demanding revocation of a decree extending an anti-labor agricultural reform law that was supposed to sunset this year. The protests, launched Nov. 30, have prompted the central government to send a dialogue team from Lima to Ica region, but the farmworkers have refused dismantle the roadblocks, insisting on a face-to-face meeting with Agriculture Minister Federico Tenorio. At issue is Law No. 27360, or the Law for Agrarian Promotion—dubbed the Chlimper Law for its author, José Chlimper, who served as agriculture minister under the authoritarian regime of Alberto Fujimori in the 1990s.

Thousands of farmers from across India's north marched on Delhi despite efforts by police to block them with road barricades, tear-gas and baton charges Nov. 27. The cross-country march, which converged from Punjab and Haryana states, entered the capital one day after several Indian states were shut down by a general strike in support of the farmers' demands. This was called by a newly formed Joint Platform of Central Trade Unions bringing together 10 of the country's major organized labor federations. Leaders claimed 25 crore (250 million) workers participated in the strike. The "Chalo Delhi" (Go to Delhi) mobilization was called to protest a package of agricultural reform laws passed in September that lifts requirements for government purchases of grain at guaranteed prices. (IndustriAll, FirstPost, PTI, Al Jazeera, NDTV, AP, NewsClick)

Thousands protested in Guatemala's capital Nov. 21 against a newly approved 2021 national budget that imposes deep cuts in funding for health care, education and programs to combat malnutrition—at a time when the country is hit hard by natural disasters and COVID-19. One breakaway group of protesters hurled improvised incendiary devices at the Congress building, setting it on fire. Police used batons and tear-gas to push protesters back, attacking not only the some 1,000 in front of Congress but also a much larger demonstration in front of the National Palace. The Inter-American Commission on Human Rights (IACHR) condemned what it called an "excessive use of force" by the National Civil Police, while the government of President Alejandro Giammattei accused the protesters of "terrorist acts" that will be "punished with the full force of the law." (NYT, Al Jazeera, Prensa Libre, Prensa Libre)

Luis Arce, candidate of the party of ousted president Evo Morales, has seemingly swept to victory in Bolivia's Oct. 18 presidential elections. While the official count is technically still pending, results place him with more than 50% of the vote—well above the second-place center-right contender Carlos Mesa and with far more than the required majority to avoid a runoff. This represents a significant recoup of losses for the Movement Toward Socialism-Political Instrument for the Peoples' Sovereignty (MAS-IPSP), which Morales nominally still leads from exile in Argentina. As news of the victory broke, supporters gathered outside Arce's campaign office to chant "The pollera will be respected!"—a reference to the traditional skirt that has become a symbol of the MAS-IPSP indigenous base. But Arce is insisting there will be "no role" in his government for Morales, who has been barred by the courts from holding public office and faces criminal charges in Bolivia.

The richest one percent of the world's population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth, according to a new study by the aid group Oxfam. The report, "Confronting Carbon Inequality," is based on research conducted with the Stockholm Environment Institute and has been released as world leaders prepare to meet at the UN General Assembly to discuss global challenges including the climate crisis. The report assesses the "consumption emissions" of different income groups between 1990 and 2015—the 25 years when humanity doubled the amount of carbon dioxide in the atmosphere. It found:

Riot police used tear-gas and water cannons in Indonesia's capital on Oct. 8 to disperse large protests against a sweeping new law that rolls back protections for workers and the environment. Hundreds were arrested in Jakarta, and rallies took place in cities across the archipelago nation. The National Police have issued a notice to regional departments with directives on how to control the protests. The Omnibus Law, plugged as a "Job Creation" bill, was passed three days earlier, despite calls for a general strike by the country's trade unions. It revises more than 70 laws and regulations in an effort to cut "red tape" and improve the investment climate. Most controversially, it abolishes the national minimum wage, reduces severance pay, and relaxes the criteria for environmental impact statements on development projects.