According to a new report by UNCTAD, Foreign direct investment (FDI) has fallen more than 40 per cent in the first half of 2018, compared with the same period last year, with developing economies escaping the worst of the downturn. Overall, the global financial picture is “gloomy”, James Zhan, UNCTAD Director of Investment and Enterprise, told Daniel Johnson in Geneva.
Recent developments in Africa indicate that the continent is increasingly moving in the “direction of peace” and enhanced security, the United Nations Secretary-General told journalists in the Ethiopian capital, Addis Ababa, on Monday.
Eight million lives or more could be saved between now and 2030 if the planet’s poorest countries spent a little over $1 dollar a day per person to combat chronic diseases, the World Health Organization (WHO) said on Wednesday.
Countries that are rich in raw materials have the means to bring prosperity to everyone, but only if they take steps to tackle their “commodity dependence”, says UNCTAD's Yanchun Zhang ahead of next week's Global Commodities Forum 2018 in Geneva.
While the world economy continues to show broad-based momentum, a new report released Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.