Illicit capital robbing Africa and its people of their future: UN trade and development chief

Every year, an estimated $88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital, according to UN trade and development agency UNCTAD’s Economic Development in Africa Report 2020, launched on Monday.

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Half the world now following doctors’ orders on cutting trans fats: WHO

Half the world now following doctors’ orders on cutting trans fats: WHO

24 Jun 2024

A total of 53 countries had best practice policies in place for tackling industrial trans fats in food as of last year, vastly improving the food environment for 3.7 billion people, or 46 per cent of the world’s population, according to a milestone report published by the UN World Health Organization on Monday.

Coronavirus update: COVID-19 likely to cost economy $1 trillion during 2020, says UN trade agency

09 Mar 2020

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020, the UN’s trade and development agency, UNCTAD, said on Monday.

Global foreign direct investment halved amid pandemic, but China remained resilient

27 Oct 2020

Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.