
IOC and Japan postpone Tokyo Olympics
In an unprecedented move, the 2020 Summer Olympics and Paralympics in Tokyo will be postponed until 2021 due to the coronavirus pandemic.
As a major global power and a leading member of the G-7, G-20, and OECD, Japan is a key player in international economic and political affairs. Its economy is a high-tech powerhouse known for its innovation in industries like automotive, robotics, and consumer electronics. The culture, a unique blend of ancient tradition and modern pop culture, is globally influential and celebrated for its art, cuisine, and emphasis on harmony.
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In an unprecedented move, the 2020 Summer Olympics and Paralympics in Tokyo will be postponed until 2021 due to the coronavirus pandemic.
Trade economists who advise the U.N. said COVID-19 could push nations into recession and depress global annual growth.
The global coronavirus outbreak likely caused a $50 billion decline in manufacturing exports from China in February alone.
G-7 finance chiefs vowed to safeguard their economies from the coronavirus outbreak, but did not offer specifics about what they might be prepared to do.
The U.N. chief warned “a wind of madness is sweeping the globe” from a dangerous surge of instability and unpredictable geopolitical "hair-trigger" tensions.
WHO said the coronavirus outbreak is a global health emergency, after the epidemic first detected in China spread to 7,800 cases and 170 deaths.
Japan strengthened inspections as part of efforts to improve regulation in the wake of the Fukushima Daichi accident.
London-based ICS proposed creating an organization to run a $5 billion fund for eliminating carbon from global shipping.
Nations agreed to little more than another pledge to make more cuts in carbon dioxide and other heat-trapping gases.
The World Trade Organization's ability to resolve trade disputes among nations is arguably its most critical function.
The decision prevents Russia from staging official teams bearing its flag and anthem at premier events through 2023.
The European Space Agency's pledges cover more ambitious space exploration and research, including on climate.
G-20 foreign ministers agreed WTO reforms are urgently needed to boost its relevance amid a U.S.-China trade war.
On the first day possible, the U.S. alerted the U.N. that it will withdraw from the 2015 Paris Agreement a year from now.
Ten nations sign trade bloc with six countries including China and conclude negotiations on a new economic partnership.
Amid a storm of criticism, U.S. President Donald Trump rescinded his plan to host the G-7 at his own resort in 2020.