China surpassed the United States as the world's top recipient of foreign direct investment with inflows of US$163 billion in 2020, new UNCTAD figures show.
China surpassed the United States as the world's top recipient of news foreign direct investment with inflows of US$163 billion in 2020, U.N. Conference on Trade and Development figures released on Sunday show.
The figures from UNCTAD highlight the effect of the nearly year-long coronavirus pandemic on the two countries, particularly the contrast in how they've dealt with it, and the trade war with China waged by the former Trump administration.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by US$2 trillion in a year, while 44% of the world population lives on less than US$6.85 a day.
The global organization forecasts some improvement in the world economy but says Trump's plans cloud the outlook.
The Trump administration's erosion of U.S. policy as Europe's main protector played out in a series of U.N. votes on Ukraine.
The coalition Merz forms will greatly influence his ability to govern the country or to strengthen multilateral institutions.
Trump's embrace of Putin and contempt for long-established transatlantic ties is an existential crisis for Europe and NATO.
More than 30 years later, Ukraine is fighting for its survival as it laments the Budapest Memorandum's broken promises.
