
Virtual Davos targets pandemic-era mistrust
Thousands normally descend on Davos this time of year. But with the pandemic still raging, WEF will meet virtually to take on mistrust and division.
The 17 U.N. Sustainable Development Goals are a universal blueprint for a better world. Adopted by all 193 U.N. member nations, these goals provide a roadmap to address the most urgent global challenges — from ending poverty and hunger to improving health, education, and climate action. The diplomatic and international efforts to achieve these goals by 2030 depend on global cooperation and are essential for peace and prosperity.
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Thousands normally descend on Davos this time of year. But with the pandemic still raging, WEF will meet virtually to take on mistrust and division.
The European Union moved to clinch a business investment deal with China despite concerns from the United States and human rights organizations.
Britain reached a tentative free-trade deal to lessen the chaos of its departure from the European Union, the world's biggest trading bloc.
ICJ ruled it has jurisdiction to settle a border dispute going back to colonial-era claims over a resources-rich jungle region between Guyana and Venezuela.
The IMF was thrust into a dispute over currency manipulation as the U.S. accused Vietnam and Switzerland of currency manipulation.
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
The top U.N. official for global climate action said 65% of the world body's 193 member nations will seek net zero carbon emissions by 2050.
The U.S. upended WTO's selection of its next director-general as the sole nation to back South Korea's Yoo Myung-hee over Nigeria's Ngozi Okonjo-Iweala.
Global foreign direct investment plummeted by 49% during the first half of 2020 compared with a year ago due to the pandemic, UNCTAD reported.
The final phase of a race to become WTO's next director-general began with two well-qualified women from Nigeria and South Korea vying for the top post.
Experts cautioned a move by the world's richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.
The pandemic-hit global economy is expected to contract by as much as 4.4% this year, the International Monetary Fund forecast.
Governments lose trillions of dollars a year to corruption, money laundering and tax avoidance that could aid people in poverty, a U.N. panel reported.
The U.S. violated international trade rules by slapping US$234 billion in tariffs on Chinese goods without justification two years ago, a WTO panel ruled.
A new report says the pandemic halted decades of advances in fighting poverty and disease and reversed progress on the U.N.'s 17 anti-poverty goals.
The pandemic could eliminate 40% of global tourism's 300 million jobs — one of every 10 — and trillions of dollars essential to developing economies.