Skip to main content

Filter by:

global trade

ADB/Zen Nuntawinyu

News in Brief 23 March 2023

  • Amid recent slowdown in global trade, “green goods” are the winning ticket
  • UN chief calls on EU to help world get ‘back on track’ towards development goals
  • Southern Africa: Cyclone Freddy aftermath brings disease outbreaks, health care gaps
Suez Canal Authority

Suez Canal cargo ship is afloat - but it’s not plain sailing for global economy

The gigantic cargo ship that ran aground and blocked the Suez Canal last week is afloat once again after a Herculean salvage operation, but the damage to global trade will take months to fix.

That’s the assessment of maritime expert Jan Hoffman at UN trade and development agency UNCTAD, who also explains why the cost of sending freight around the world has increased dramatically during the COVID-19 pandemic.

Here he is, talking to UN News’s Daniel Johnson.