2020 Climate Action Award winners shine ray of hope
In a year that has cast darkness upon many, the 2020 UN Global Climate Action Awards, announced on Tuesday, shone a light on the...
Global foreign direct investment halved amid pandemic, but China remained resilient
Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,...
To Better Address the COVID-19 Crisis, Niger Should Focus on Health Measures
According to the World Bank’s latest Economic and Poverty Update for Niger published today, the COVID-19 pandemic has a significant impact on the economy...
Advancing the EU social market economy: adequate minimum wages for workers
The Commission today proposes an EU Directive to ensure that the workers in the Union are protected by adequate minimum wages allowing for a...
International Tourism Down 70% as Travel Restrictions Impact All Regions
Restrictions on travel introduced in response to the COVID-19 pandemic continue to hit global tourism hard, with the latest data from the World Tourism...
Somalia Scales up Social Protection Measures as COVID-19 Constrains Economic Growth
Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), the locust infestation and extreme flooding. The economy...
Commission proposes new ‘Single Window’ to modernise and streamline customs controls
The European Commission has today proposed a new initiative that will make it easier for different authorities involved in goods clearance to exchange electronic...
Digital transformation in Brazil could reinforce economic recovery from COVID-19 crisis
Brazil has made significant progress in improving Internet access, digital security and regulation, yet more needs to be done to reduce the country’s digital...
Global transformation of the electricity sector requires greater efforts to ensure security of supply
The electricity sector, which plays a large and growing role in energy systems around the world, is undergoing its most dramatic transformation since its...
World Bank Group Sanctions Two Chinese Engineering Companies for 18 months
The World Bank Group today announced the 18-month sanctions of China National Electric Engineering Company Limited (“CNEEC”) and its wholly owned subsidiary, China Electric...