Digital multinationals expand and so does digital investment divide: UNCTAD
Digital companies such as Internet platforms and electronic commerce, or “e commerce,” are expanding at a dramatically faster rate than other multinationals, according to a new report from UN trade body, UNCTAD.
The study lists the top 100 digital multinational enterprises (MNEs) and their impact.
The majority, more than 60, are from the United States, followed by the United Kingdom and Germany.
The report finds that these businesses make roughly 70 per cent of their sales abroad, while only 40 per cent of their assets are based outside their home countries.
This has resulted in fewer jobs being created in host countries.
UNCTAD chief Mukhisa Kituyi pointed out that the digital economy has “important implications for investment,” and that investment is crucial for digital development.
But, he said, “developing countries cannot be left behind,” and advocated for policies that close the digital divide in global investment.
UN concerned as Mosul displacement continues to rise
More than 8,400 people have been displaced from western Mosul in Iraq over the past two days, UN humanitarian agencies reported on Wednesday.
The figure is more than twice the number of people who fled the area between Sunday and Monday.
Stéphane Dujarric is the UN spokesperson:
“The UN remains concerned for the protection of civilians in Da’esh-controlled areas of western Mosul, where more than 100,000 people are believed to remain in Mosul's old city and northern neighbourhoods.”
Iraqi forces have been battling to liberate western Mosul from the hands of the extremist group, also known as ISIL, as part of an overall offensive in the northern city which began last October.
UNICEF campaign highlights role of “super dads” in children’s development
Football legend David Beckham, ‘X-Men’ actor Hugh Jackman and tennis icon Novak Djokovic are among stars from the entertainment and sports worlds are taking part in an initiative by the UN Children’s Fund (UNICEF) which celebrates the role fathers have in a child’s development.
The campaign invites families to post photos and videos on Instagram and Twitter showing what it takes to be a “super dad,” using the hashtag #EarlyMomentsMatter.
A child’s early years represent a “critical, once-in-a-lifetime opportunity” to shape brain development, according to Pia Britto, UNICEF Chief of Early Childhood Development.
She said: “The more fathers, mothers and other family members shower their babies and young children with love, play, good nutrition and protection, the better these children’s chances are of reaching optimal health, happiness and learning ability.”
The Super Dads campaign has been launched ahead of Father’s Day, celebrated in more than 90 countries.
Dianne Penn, United Nations.