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The Latest Breaking News from Unctad

Global Economy Faces Intensifying Pressure Due To Continued Strait of Hormuz Disruption

Markets and businesses worldwide face mounting challenges as prolonged shipping disruptions push up costs and tighten trade and financial conditions.

International Business Times

Africa is hurting again from a global crisis it had no part in starting

The Independent UK

Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis

Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains

The Guardian - UK

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Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz

The Guardian - UK

Global Trade System Risks Coming Off The Rails: UN Chief

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations.

International Business Times

The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have quickly borne out Kristalina Georgieva’s claim that ‘uncertainty is the new normal’

The Guardian - UK

Trade's Biggest Threat Isn't Tariffs—It's Uncertainty

The UN trade and development's (UNCTAD) latest global trade update makes it clear. Policy uncertainty, more than just tariffs, is the primary disruptor. Businesses can usually adjust to rising costs when they're straightforward, but they struggle to plan when trade rules keep changing.

Benzinga

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Global Economy on Edge: UNCTAD and WTO Forecast Deepening Slowdown for This Year

Global economy lurching towards a precarious downturn, with growth forecast to slump to a mere 2.3% in 2025

International Business Times UK

UN trade agency urges US to exempt poorest countries from reciprocal tariffs

UN report says 28 of the 57 nations targeted by the Trump administration's now-paused tariffs each account for less than 0.1% of the US trade deficit.

Euronews

UN calls on Trump to exempt poorest countries from ‘reciprocal’ tariffs

Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US

The Guardian - UK

AI could impact 40 per cent of jobs worldwide in the next decade, UN agency warns

Forty per cent of jobs globally could be impacted by the growth of artificial intelligence (AI) in the next decade, a new report from the United Nations said

Euronews

AI Could Impact 40 Percent Of Jobs Worldwide: UN

The global artificial intelligence market is projected to reach $4.8 trillion -- roughly the size of Germany's economy -- by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected.

International Business Times

3 Shipping Stocks That Could Sail Higher in 2025

As global trade sails through shifting tides, fundamentally resilient shipping stocks like Matson (MATX), ZIM Integrated Shipping (ZIM), and Teekay Corp. (TK) are capitalizing on digital transformation. Read on to see why these stocks could sail higher this year.

StockNews.com

Palestine’s economy teeters on the brink after a year of war and unrelenting destruction

The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.

The Conversation

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The Guardian - UK

‘Utter ruin’: Gaza economy would take 350 years to return to pre-conflict level, UN says

Report says ‘intense military operations in Gaza have left unprecedented humanitarian, environmental and social catastrophe’

International Business Times

UN Eyes Modest 2024 Maritime Trade Growth, But Future Uncertain

Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.

Al Jazeera

UN warns of ‘staggering’ economic devastation in Gaza, occupied West Bank

Eighty percent of Gaza businesses damaged or destroyed since Israel launched war, according to a UN report.

International Business Times

UN Chief Says Global Tensions Threaten International Trade

The international trading system is on the brink of fragmenting amid rising geopolitical tensions, UN Secretary-General Antonio Guterres warned Wednesday, as he cautioned the world against splitting into rival blocs.

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International Business Times

UN Says Solutions Exist To Rapidly Ease Debt Burden Of Poor Nations

The heavy debt weighing on developing countries can be alleviated through readily available measures, the UN's trade and development chief said, pleading for bold international action.

International Business Times

Hamas Head Due In Cairo For Truce Discussions

The leader of Hamas was expected in Cairo on Thursday for talks on a proposed truce in Gaza, as Israel kept up its offensive in the besieged Palestinian territory.

Fortune

World's newest trade war centers on 'friendshoring'

Amid lower trading volume, countries are going out of their way to do business with friends.

International Business Times

Countries Risk 'Paying Polluters' Billions To Regulate For Climate: UN Expert

An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted.

Reason

U.N.'s 28th Climate Change Conference Opens Next Week in Dubai

Previewing the "global stocktake" of climate progress, demands for climate reparations, and the call for a worldwide fossil fuel phase-out.

Radio France Internationale

Gaza needs billions in aid to reverse years of restrictions, UN trade body

The Gaza Strip needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on Wednesday by the United Nations trade body.

Al Jazeera

Gaza needed billions in aid before Israel-Hamas war: UN

Even before the Israel-Hamas conflict broke out, economic conditions in Gaza were already dire after years of blockade.

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