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Nation allocation: What does the UN spend its budget on?

Nation allocation: What does the UN spend its budget on?

United front?

This week, more than 140 world leaders and state representatives will arrive in New York to discuss a range of international issues — including the climate crisis, the economy of the global South, and the war in Ukraine — at the 78th session of the United Nations General Assembly. The annual summit will see global policy makers take to the stage in Tuesday’s high-level General Debate — although, notably, with fewer familiar faces.

Amongst the 5 nations in the Security Council (the US, China, Russia, France, and Britain), President Biden will be the only leader to attend the meeting, with Emmanuel Macron and Rishi Sunak both citing scheduling conflicts. Even so, this summit will be the first attended in-person by Ukrainian President Volodymyr Zelenskyy, who is seeking support against Russia’s invasion in tomorrow’s session.

First aid

Since being founded in 1945, the UN has aimed to gather its member states — of which there are now 195, compared with the 51 that signed the original UN Charter — to find shared solutions to global problems. However, as the world’s needs have changed significantly, so have the UN’s priorities.

While in 2010, the majority of the UN’s budget (44%) was issued to help developing countries, the allocation for humanitarian assistance has increased substantially in the last decade, nearly doubling from 23% in 2010 to 42% in 2021. Since then, global humanitarian needs have risen further to reach record levels: amid economic hardship, conflicts, and natural disasters, the UN reported in June that 360 million people globally require humanitarian assistance — up 30% since the start of 2022.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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