UNCTAD said it expects global growth in 2023 to drop to 2.1% but only if the financial fallout from higher interest rates is contained to the bank runs and bailouts of the first quarter.
U.N. trade experts warn that developing countries face years of difficulty as the global economy slows down and financial turbulence increases.
The United Nations Trade and Development Conference estimated on Wednesday that interest rates hikes will cost developing countries more than US$800 billion in future lost earnings.
The pact, approved by consensus, outlines 56 broad actions, including an explicit call to phase out fossil fuels.
U.N. leaders urged nations to bring the Sustainable Development Goals 'back to life' and chart a post-2030 agenda.
A proposed 2% minimum tax on billionaires will be taken up at Brazil's G-20 Leaders' Summit in November.
The effects of climate change hit hard from the bombed streets of Gaza to the glitzy venues of the Paris Olympics.
The E.U.'s top court sided with a transgender man who sued Romania for refusing to accept his gender changes in the U.K.
The five-year partnership aims to help ski federations, venues and race organizers better manage natural and artificial snow.
For disabled kids and their families, navigating forced displacements amid the rubble is a life-or-death challenge.
Some 1.9% of electricity globally was consumed by 148 digital companies, including 10 big users in Asia and the U.S.
