The global coronavirus outbreak likely caused a $50 billion decline in manufacturing exports from China in February alone.
GENEVA (AN) — The global coronavirus outbreak likely caused a $50 billion decline in worldwide manufacturing exports from China in February alone, the United Nations Conference on Trade and Development reported on Wednesday.
UNCTAD estimated the huge drop based on China’s official Purchasing Managers’ Index, which showed the lowest amount of factory activity since 2004 — worse even than during the 2008 global financial crisis. The huge fall implied a 2% reduction in exports on an annual basis.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
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 $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
From Africa to the Americas, leaders spoke of the need to ensure that policy decisions are more scientifically informed.
Experts agreed science and diplomacy need to evolve to build trust, solve problems, and promote national interests.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
More than 275,000 glaciers cover 700,000 square kilometers of the planet. Glaciers and ice sheets store 70% of all freshwater.
