The Strategist
World & Politics

UN agency forecasts new timeline for labour market recovery after pandemic - 06/03/2021

The UN International Labour Organisation has concluded that the global employment market will not recover until 2023. According to the agency, there will be 205 million unemployed worldwide next year. The International Labour Organisation (ILO) has warned that the rate of job creation will not catch up with the pandemic job cuts until at least 2023. The UN agency stated this in its new...

OECD updates its macro forecast for 2021-2022 - 06/01/2021

The rate of global economic growth over the next two years may be slightly higher than recently expected. The Organization for Economic Co-operation and Development's (OECD) May report improved its forecast for global GDP growth to 5.8% in 2021 and to 4.4% in 2022. The OECD predicts a marked improvement in global economic indicators and a return of most countries to pre-crisis levels by the end...

UN Secretary General calls to phase out coal - 05/31/2021

UN Secretary-General António Guterres, speaking at the International Financial Forum in Beijing, called on world leaders to abandon investments in the coal industry, Bloomberg reported. According to him, investment should be made in renewable energy sources, which would lead to phasing out the use of coal. Guterres recalled that South Korea had pledged to stop financing coal-fired plants abroad,...

Analysts: Coronavirus rolls back green energy - 05/26/2021

Production of solar panels for renewable energy has become unprofitable for the first time in a decade. Prices for polysilicon, a key raw material for green electricity sources, have skyrocketed amid the coronavirus pandemic, writes Bloomberg. The cost of the key material for solar panels has quadrupled over the past year. Prices of solar modules, meanwhile, have increased by 18 percent since the...

Saudi Arabia expects to receive $55B from privatisation programme - 05/25/2021

The Saudi authorities hope to raise $55bn over the next four years from their privatisation programme. According to Mohammed Al-Jadaan, the country's finance minister, the kingdom has already identified 160 projects in 16 sectors, which are to be transferred into private hands in whole or in part through direct sale of assets or the creation of public-private partnerships. According to the...

US puts forward global minimum corporate income tax - 05/24/2021

The US Ministry of Finance has put forward a proposal at the Organisation for Economic Co-operation and Development (OECD) to introduce a global minimum corporate income tax of 15%. This rate is now higher in most major countries, but in tax-advantaged jurisdictions it is either zero or around 10%. The US Treasury Department formally proposed a single minimum corporate tax rate of 15% for...

WHO: Real mortality from COVID-19 may be two to three times higher than official figures - 05/24/2021

According to World Health Organisation (WHO) experts, 6-8 million people in the world may have already died because of the coronavirus pandemic. At the same time, 1.8 million people are officially estimated to have died from the virus in 2020, and preliminary estimates of total mortality from COVID-19 stand at 3 million. Some 6-8 million people around the world could have died as a result of...

OECD: GDP growth in developed countries slows down again - 05/21/2021

Average GDP growth in the most economically developed countries slowed to 0.3% in the first quarter of 2021 from 1% in the fourth quarter of 2020, preliminary data from the Organisation for Economic Cooperation and Development (OECD) show. In annual terms, GDP growth remained negative at minus 0.8% after minus 2.9% in the fourth quarter, minus 3.8% in the third, minus 11.6% in the second and...

Maldives: Our country is at risk of extinction due to climate change - 05/20/2021

The Maldives authorities have warned that the state could disappear due to climate change. 80% of the surface of the islands on which the country is located are barely more than one metre above sea level. The Maldives could disappear by the end of the century if the world does not begin to tackle climate change quickly and in a concerted manner, the country's environment, climate change and...

Japan intends to limit imported technology in infrastructure after US Colonial Pipeline hack - 05/18/2021

Japan's government will introduce amendments to laws that will require organisations in 14 key infrastructure sectors to consider national security risks when using imported equipment or services, the Nikkei newspaper reported, citing its own data. The authorities intend to monitor compliance with the rules and suspend or revoke licences in case of violations. Nikkei cites the telecoms, energy,...
1 ... « 5 6 7 8 9 10 11 » ... 152