We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains. However, despite these upheavals, globalization is unlikely to abate. History has shown that even the most challenging twists and turns cannot put a brake on its forward momentum.
Trade war worsens foreign investment outlook: UNCTAD World Investment Report
Presenting the annual report at a press conference, UNCTAD chief Rebeca Grynspan said it contained a "clear and urgent" message that FDI remains weak -- with the outlook negative for this year.Building an anticipatory governance strategy for an increasingly risky world
Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to early action. Bureaucratic inertia and political hesitation often delay responses. Governments, businesses, and NGOs must integrate risk intelligence into decision-making, ensuring proactive measures and resilience-building to prevent crises from escalating...
3 ways travel drives economic growth while enhancing global connections and sustainability
WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights. The travel sector is expected to continue to grow, creating over 100 million new jobs, adds the author.
Aramco CEO highlights collaboration with Beijing at forum in China
AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in his speech on Monday at the China Development Forum in Beijing. Nasser underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners and identified specific areas...
‘Technology may help bridge global economic divide’
External shocks, such as COVID, Ukraine war and rising costs have exacerbated economic disparities, while geopolitics hinders effective global decision-making, says an expert.WTO says era of de-globalization is closer than it appears
Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are appearing, the WTO warned on Tuesday, concerned of the effects of the phenomenon on growth and development. The idea of "de-globalization" has gained traction since the war in Ukraine and...
Iran-US nuclear talks dead for now, says acclaimed scholar
The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible to reach a nuclear deal, believes Vali Reza Nasr.
Commodities hurt by a crisis of confidence
Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn up the hawkish rhetoric, and the market has responded by raising the expected terminal Fed funds rate while at the same time sending bond yields and the dollar higher, he...
UN says human progress set back five years by Covid
Depicting a gloomy picture of the state of human progress, a United Nations report argues that an unprecedented array of crises, chiefly among them Covid-19, has fueled a global wave of uncertainty. The UN development Program said the Human Development Index has declined for two years straight.
New world order? Pandemic and war rattle globalization
According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the conflict between Russia and Ukraine will have an impact on investors.
