U.N. warns world 'on edge of recession'
The world is on the brink of recession, UNCTAD said in projecting growth slowing to 2.2% in 2023 with cascading crises of debt, health and climate.
Sustainable Development Goals
Many businesses, governments and organizations are committed to sustainable goals like reducing their environmental footprints and conserving resources. Sustainable finance includes environmental, social and governance considerations in investment decisions. In 2015, the U.N.'s 193 member nations adopted the 17 Sustainable Development Goals for 2030. Despite some progress, the U.N. says 83% of the agenda is off-track from the pandemic, climate change, biodiversity loss, pollution, and conflict.
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War in Ukraine accelerates poverty and starvation
Skyrocketing food and energy prices caused by Russia's invasion of Ukraine pushed 71 million more people into extreme poverty, UNDP reported.
BIS focuses on 'restoring low inflation'
Central bankers face "difficult choices" as they grapple with raising rates to tame inflationary pressures that probably won't ease anytime soon.
WTO clinches trade deals deep into overtime
WTO's first ministerial conference in four and a half years overcame bitter divisions to reach consensus on an 'unprecedented' six-item package deal.
WTO tackles food, vaccines, fishing subsidies
Hunger, vaccine patents and fishing subsidies top the agenda as the global trade body holds its first ministerial conference in four and a half years.
Proportion of developing countries in organizations
Share of members of international organizations defined as developing countries.
War and global challenges overshadow Davos
Russia's war in Ukraine and a daunting set of global challenges cast a long shadow over WEF's gathering of political and business elites at this Swiss resort.
UNDP warns of poverty risk in Ukraine
If Russia's invasion of Ukraine becomes a long drawn-out war it would erase almost two decades of prosperty-building, according to UNDP data estimates.
G-20 supports corporate tax overhaul
Leaders at the G-20 summit in Rome endorsed a new measure to hinder multinationals from reaping huge profits where they pay few if any taxes.
Trove of financial documents reveal 'shadow economy'
An analysis found offshore assets of politicians and officials from 91 countries and territories, including 35 current and former leaders, ICIJ reported.
E.U. and U.S. end Airbus-Boeing dispute
The E.U. and U.S. announced a deal to end the bitter trade dispute between Airbus and Boeing as E.U. leaders and U.S. President Joe Biden met in Brussels.
G-7 takes on pandemic, climate and China's role
The G-7 summit wrapped up with vows to end the pandemic, fight climate change and incorporate U.S. President Biden's pledge to “build back better."
Europe leads on ESG as global rules sought
The rise of ESG investing creates an "urgent demand for global standards," says an organization working on them as the next U.N. climate summit nears.
WEF calls off Singapore summit over pandemic
The World Economic Forum cancelled a summer version of its annual meeting in Singapore and pushed its annual Davos meeting to "the first half of 2022."
Facebook-backed digital currency reboots
Facebook's global digital currency project is abandoning Switzerland as its hoped-for regulatory home and planning to launch a U.S.-based payment system.
U.S. and WTO chief push IP vaccine waiver
The United States and WTO chief backed waivers to vaccine patent protections aimed at speeding efforts to end the coronavirus pandemic.