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    <title>Global South World - foreign investment</title>
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    <language>en-US</language>
    <description><![CDATA[News, opinion and analysis focused on the Global South and rising nations across the world. Delivered by journalists on the ground in Africa, Asia, Europe and the Americas. From politics and business to technology, science and social issues, Global South World is the first place to come for accurate and trusted information.]]></description>
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      <title>The billion-dollar heists that shook global banking</title>
      <link>https://www.globalsouthworld.com/article/the-billion-dollar-heists-that-shook-global-banking</link>
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      <pubDate>Wed, 20 May 2026 23:47:01 Z</pubDate>
      <description><![CDATA[<h2>Main Points</h2>
<p>Some of the  world ’s biggest bank robberies have involved not just organised criminals, but wars, political instability and highly coordinated insider operations, with losses ranging from tens of millions to nearly $1 billion.</p>
<p>According to records documented by  Guinness World Records  and financial reporting archives, including World Finance, the largest known bank robbery in history remains the 2003 theft from the Central Bank of Iraq, where more than $920 million was stolen in the chaotic days surrounding the Iraq War.</p>
<h3>Iraq Heist Remains the Largest on Record</h3>
<p>The  Central  Bank of Iraq robbery unfolded shortly before the United States-led invasion of Iraq in March 2003.</p>
<p>According to reports widely cited by Guinness World Records, Saddam Hussein allegedly sent his son Qusay Hussein to withdraw approximately $920 million in cash from the central bank using handwritten notes shortly before coalition forces entered Baghdad.</p>
<p>Much of the money was later recovered by U.S. troops hidden inside palace walls, although large sums remain unaccounted for.</p>
<p>The robbery continues to be regarded as the largest bank theft ever recorded.</p>
<h3>Dar es Salaam Heist Shocked East Africa</h3>
<p>Among the largest modern commercial bank robberies was the Dar es Salaam Bank heist in Iraq, estimated at roughly $282 million.</p>
<p>The case highlighted growing concerns over corruption, weak institutional oversight and the vulnerability of financial systems in conflict-affected regions.</p>
<p>Financial crime experts say some of the largest robberies in history succeeded not through sophisticated hacking, but through insider access and political instability.</p>
<h3>Britain’s Most Famous Vault Robberies</h3>
<p>Several of the world’s most notorious heists took place in the United Kingdom.</p>
<p>The  1987 Knightsbridge Security Deposit robbery  in London saw Italian criminal Valerio Viccei and accomplices steal an estimated $97 million worth of cash, jewellery and valuables after gaining access to safety deposit vaults by posing as customers.</p>
<p>Meanwhile, the 2006 Securitas depot robbery in Kent became Britain’s largest cash theft, with armed criminals stealing approximately £53 million, equivalent to around $83 million at the time. Many of those involved were later arrested, though part of the money was never recovered.</p>
<h3>Brazil’s Underground Bank Burglary</h3>
<p>In Brazil, the 2005 Banco Central burglary became famous for the method used rather than sheer violence.</p>
<p>A criminal gang spent months digging a tunnel beneath the city of Fortaleza before stealing roughly $71.6 million from the Central Bank of Brazil.</p>
<p>Authorities later described the operation as one of the most technically elaborate bank robberies ever conducted.</p>
<h3>Northern Ireland’s Political Shadow</h3>
<p>The 2004 Northern Bank robbery in Belfast resulted in the theft of around £26.5 million, equivalent to roughly $41 million at the time.</p>
<p>The robbery drew international attention amid allegations of involvement by paramilitary groups linked to the Irish republican movement, claims that were politically sensitive during Northern Ireland’s peace process.</p>
]]></description>
      <source url="https://www.globalsouthworld.com">Global South World</source>
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        <media:credit role="photographer">Abigail Johnson Boakye</media:credit>
        <media:credit role="provider">World Visualized</media:credit>
        <media:title>The billion-dollar heists that shook global banking</media:title>
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      <dc:creator><![CDATA[Abigail Johnson Boakye]]></dc:creator>
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      <title>Online creators turn charity livestreams into global fundraising powerhouses</title>
      <link>https://www.globalsouthworld.com/article/online-creators-turn-charity-livestreams-into-global-fundraising-powerhouses</link>
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      <pubDate>Wed, 20 May 2026 21:01:33 Z</pubDate>
      <description><![CDATA[<p>Livestreaming has evolved far beyond gaming and  entertainment , with online creators now raising tens of millions of dollars for charity in events that rival traditional fundraising campaigns in scale and speed.</p>
<p>The latest example came in 2026, when Polish YouTube collective ŁatwoGang reportedly raised an  extraordinary $68.9 million in just nine days , setting a new benchmark for creator-led fundraising events.</p>
<p>The figure eclipses previous records set by France’s ZEvent, one of Europe’s most successful charity streaming marathons, and reflects the growing influence of digital creators in mobilising global audiences.</p>
<p>French livestream charity event ZEvent has become one of the most recognised fundraising initiatives in the online creator economy.</p>
<p>Founded by French streamers Adrien “ZeratoR” Nougaret and Alexandre “Dach” Dachary, the event brings together dozens of creators annually to raise money for humanitarian and environmental causes.</p>
<p>According to organisers and reporting from BBC  News , the 2021 edition raised more than €10 million for Action Against Hunger, becoming one of the largest charity streaming campaigns ever recorded at the time. Subsequent editions continued to grow rapidly, with the 2025 event reportedly generating nearly $19 million within three days.</p>
<p>The event’s success has highlighted the power of livestream communities to convert audience engagement directly into donations at unprecedented speed.</p>
<p>In the United States, creators have also begun testing the limits of online fundraising.</p>
<p>A 2025 livestream collaboration involving YouTube creator MrBeast and streamer Adin Ross reportedly generated approximately $12 million in just 18 hours, demonstrating how major internet personalities can attract audiences comparable to large broadcast events.</p>
<p>MrBeast, whose real name is Jimmy Donaldson, is widely recognised for blending philanthropy with entertainment content and has built one of the  world ’s largest YouTube audiences, with hundreds of millions of subscribers across platforms, according to Forbes.</p>
<p>Platforms such as Twitch, YouTube and Kick are increasingly functioning as large-scale fundraising infrastructure rather than simply entertainment services.</p>
<p>Data from Streams Charts shows charity livestreams consistently rank among the highest-engagement online events globally, often attracting millions of cumulative viewing hours and international participation.</p>
<p>Industry analysts say the format succeeds because livestreaming combines entertainment, direct audience interaction and real-time donation tracking, creating a sense of collective participation difficult to replicate through traditional fundraising methods.</p>
<p>Charity streaming first gained traction through gaming communities in the late 2010s, but has since expanded far beyond esports audiences.</p>
<p>One of the earliest large-scale examples came from Twitch streamer DrLupo, who raised nearly $900,000 in 24 hours in 2019 for St. Jude Children’s Research Hospital. Over five years, his fundraising efforts surpassed $10 million, according to campaign records and Twitch reporting.</p>
<p>Since then, creator-led charity events have broadened to include music, politics, lifestyle content and global humanitarian campaigns.</p>
]]></description>
      <source url="https://www.globalsouthworld.com">Global South World</source>
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        <media:credit role="photographer">Abigail Johnson Boakye</media:credit>
        <media:credit role="provider">World Visualized</media:credit>
        <media:title>Streaming for Millions</media:title>
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      <dc:creator><![CDATA[Abigail Johnson Boakye]]></dc:creator>
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      <title>'We need partnerships not aid' – Zambia defends rejection of $2 billion US health deal </title>
      <link>https://www.globalsouthworld.com/article/we-need-partnerships-not-aid-zambia-defends-rejection-of-2-billion-us-health-deal</link>
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      <pubDate>Mon, 18 May 2026 11:58:33 Z</pubDate>
      <description><![CDATA[<p>Zambian officials said the proposed agreement included “unacceptable”  conditions  that would have granted preferential mining access to American companies and expanded access to sensitive biometric data.</p>
<p>Permanent Secretary for the Ministry of Information and Media, Thabo Kawana, said Zambia should shift away from aid dependency and pursue partnerships based on equality and shared economic interests.</p>
<p>“Africa is no longer a place to look to to provide aid, but it’s a continent to look to to get into partnership to understand that the minerals that we have, the resources that we have, are needed for development both in Africa and out of Africa, and therefore there is a need for the world to come and play with Africa as partners,” Kawana stated.</p>
<p>Economist Yusuf Dodi said Zambia’s position as one of Africa’s leading  copper  producers gives the country leverage in negotiations with foreign investors.</p>
<p>“We hold the cards. So we don’t have to agree with any investor who comes to Zambia and puts their demands on the table. We should be doing the opposite. We should be setting the agenda and saying, ‘If you want to invest in Zambia, this is what you need to comply with’,” Dodi said.</p>
<p>Copper remains central to Zambia’s economy and is increasingly important globally because of its use in green energy technologies and infrastructure.</p>
<p>In 2025, Zambia produced 890,346 metric tonnes of copper. The  government  is targeting more than 1 million metric tonnes in 2026 and aims to increase annual production to 3 million metric tonnes by 2031.</p>
<p>Despite support for reducing foreign dependency, health experts warned that external funding continues to play a major role in supporting healthcare systems and public services.</p>
<p>“Our plan is that it should be done in a smooth and gradual, mutually respectful manner so that we are able to keep the gains, at the same time, we are able to transition into local or domestically generated resources,” said Masiku Phiri, President of the Medical Association of Zambia.</p>
<p>Zambia is not the only African country to raise concerns about such agreements. Zimbabwe and Ghana also rejected similar deals over issues linked to privacy and data-sharing, while a Kenyan court suspended a comparable arrangement after legal challenges argued that it violated data protection laws.</p>
<p>Outgoing US ambassador to Zambia Michael Gonzales denied claims that Washington was linking health funding to access to critical  minerals .</p>
<p>He described the accusations as “disgusting and patently false.”</p>
]]></description>
      <source url="https://www.globalsouthworld.com">Global South World</source>
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        <media:title>Zambia US health deal</media:title>
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      <dc:creator><![CDATA[Global South World]]></dc:creator>
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