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UN Warns of July Financial Collapse as Deadline Looms

World Grapples with Tragedy and Financial Instability as January 2026 Concludes

January 31, 2026, saw a confluence of significant global events, ranging from a devastating landslide in the Democratic Republic of Congo to financial warnings from the United Nations and tax deadlines in the United Kingdom.

A landslide in the Democratic Republic of Congo claimed the lives of more than 200 miners, according to Sky News. The tragedy occurred near Rubaya, in the eastern part of the country, at mines used to extract coltan. Coltan is a crucial mineral used in the production of smartphones, computers, and aircraft engines. Many bodies remain buried under the mud. The region is responsible for more than 15% of the world's supply of tantalum, a rare metal extracted from coltan. The landslide was reportedly triggered by heavy rain.

Meanwhile, the United Nations is facing a potential financial crisis. UN Secretary-General Antonio Guterres warned that the organization risks "imminent financial collapse" by July if member nations do not pay their dues. According to Euronews, Guterres stated that the UN faces chronic budget problems due to member states failing to pay their mandatory contributions in full or on time. This has led to hiring freezes and cutbacks. Guterres urged nations to fulfill their financial obligations. Euronews noted that Guterres' warning comes as the US administration has reduced funding to some UN agencies and delayed some mandatory contributions in recent months.

In the United Kingdom, HM Revenue and Customs (HMRC) extended phone line and webchat services as the self-assessment tax deadline approached. Millions of self-employed individuals and those with multiple income sources were required to file their 2024-25 tax returns online by the end of January. According to BBC Business, HMRC scaled up support on Saturday to assist those filing at the last minute. Approximately 1.1 million people missed the deadline the previous year. HMRC stated that reasonable excuses for avoiding fines include serious illness or a close family bereavement.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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