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Global economy projected to show fastest growth in 50 years 

The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD).

Pandemic ‘rolled back’ sustainable development funding for weak economies: UNCTAD

Financial assistance to the world’s 83 weakest economies fell by 15 per cent in 2020, to $35 billion as a direct result of the COVID-19 pandemic, UN trade and development experts UNCTAD said on Monday.

A few ‘green shoots’, but future of global trade remains deeply uncertain

Although global trade is making a frail recovery, the outlook remains uncertain, UN trade and development body UNCTAD said on Wednesday, in announcing its latest COVID-era update

Mauritius oil spill highlights importance of global maritime laws: UN trade body

The devastating oil spill off the east coast of Mauritius has highlighted the need for global adoption of international legislation that govern the seas and protect small island states and their vulnerable marine ecosystems against ship pollution, UN trade body UNCTAD has stated. 

Uganda looks online for answers to COVID economic crisis

From banking, to food delivery, and taxi bookings, Uganda is rapidly becoming accustomed to many of the online tools that are commonplace in developed economies, and which don’t rely on face-to-face interactions. The UN is supporting this shift, as a way to help developing economies recover from the global economic crisis brought about by the COVID-19 pandemic.

UN highlights urgent need to tackle impact of likely electric car battery production boom

Demand for raw materials used in the production of electric car batteries is set to soar, prompting the UN trade body, UNCTAD, to call for the social and environmental impacts of the extraction of raw materials, which include human rights abuses, to be urgently addressed.

UN calls for shipping ‘propulsion revolution’ to avoid ‘environmental disaster’

If emissions from the maritime industry are not cut, we are headed for “an environmental disaster”, Isabelle Durant, the deputy head of the UN trade body, UNCTAD, told the Global Maritime Forum summit on Wednesday.

‘Digital divide’ will worsen inequalities, without better global cooperation

Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN trade body, UNCTAD.

Wednesday’s Daily Brief: mental health, conflict prevention, Ebola in Uganda, Sudan protests, child labour

This Wednesday’s top stories are: one-in-five conflict-affected people suffer from a mental illness; the Security Council holds a special session on conflict prevention; 5-year-old Congolese boy is first to die from Ebola in Uganda; Sudanese protestors' rights baffled; the decline of foreign investment; and tackling child labour.

UN trade report calls on governments to improve environment for e-commerce

The scope for developing countries to participate in and benefit from e-commerce is expanding, according to a new United Nations report released today, with improved connectivity, new e-commerce applications, platforms and payment solutions, and the emergence of local e-commerce companies that are tailoring their services to local demands.