UNITED NATIONS: Global trade will reach about $28 trillion this year, an increase of 23 per cent on 2020 levels, after stabilising in the second half of the year, according to the United Nations Conference on Trade and Development (UNCTAD) forecast. The UN trade agency noted that the outlook for 2022 is “very uncertain”. In … Read more
RIYADH: The high price of ocean shipping could boost global inflation by 1.5 per cent in 2023, with smaller, trade-dependent countries potentially suffering the most, Bloomberg reported, citing the UN Conference on Trade and Development (UNCTAD). The Geneva-based agency said shipping rates have increased more than fourfold over the past decade. The current price to ship a … Read more
GENEVA – The United Nations on Thursday called for nations at the upcoming COP26 climate change summit to increase funding for developing countries to adapt. Climate adaptation means adjusting to the current effects of climate change and preparing for its predicted impacts in future. The approach is crucial in developing countries, which are more vulnerable to … Read more
UNITED NATIONS: The global economy is expected to bounce back this year with a growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development. In its new report released on Wednesday, the agency said that the rebound was highly uneven along regional, sectoral and income … Read more
UNITED NATIONS: The impact of the coronavirus pandemic on tourism could result in an over $4 trillion loss to the global economy, the UN trade and development body, UNCTAD, said on Wednesday in a report issued jointly with the UN World Tourism Organisation. The estimate is based on the losses caused by the pandemic’s direct … Read more
Prime Minister Imran Khan refrained from criticizing China on the matter of treatment of Uyghur Muslims. When he was questioned about it, he replied, “This is not a case”. When he was further pressurized, Khan stated that how he refrains from commenting on the situations of other countries. He added that he is more concerned … Read more
