Tuesday, February 20

World

World Bank: Lost Decade in the Making for Global Economy
Business, News, World

World Bank: Lost Decade in the Making for Global Economy

Nearly all global economic forces that have driven progress and prosperity over the past three decades are fading. "A worrying trend. There could be a lost decade in the making for the global economy," says a World Bank report. As a result, average global economic growth between now and 2030 is expected to decline by about a third compared to the pace of the first decade of this century. This equates to a decrease of more than 2 percent in growth per year. For emerging economies, growth is slowing, from 6 percent a year between 2000 and 2010 to 4 percent a year for the rest of this decade. "These declines would be much stronger in the event of a global financial crisis or recession," the World Bank said. According to the institute, the continued decline in growth has "serious...
UN: World Trade Reached a Record Level in 2022
Business, News, World

UN: World Trade Reached a Record Level in 2022

World trade reached a record high in 2022, although growth slowed in the last quarter of the year. This is reported by the UN Conference on Trade and Development (UNCTAD) based on its report. The United Nations organization also predicts that global trade volumes will stagnate in the first half of this year. The total global trade volume amounted to 32 trillion dollars (more than 29 trillion euros) last year, UNCTAD estimates. Trade in goods rose by about 10 percent from 2021 to reach an estimated value of $25 trillion. Global service trade increased even more, growing 15 percent year-on-year to $7 trillion. According to the organization, trade growth was mainly stimulated because the logistical problems in ports have largely been resolved, and the global capacity to transpor...
World Trade Rose in March Due to Emerging Economies
Business, News, World

World Trade Rose in March Due to Emerging Economies

World trade increased in March compared to a month earlier, the Central Planning Bureau (CPB) reports in its monthly world trade monitor.   Emerging economies contributed more to this than developed economies. In China, the trade volume declined. Globally, trade in goods increased by 2.2 percent compared to February. Then world trade had grown at least (plus 0.1 percent) compared to January. In the first quarter, world trade grew by 3.5 percent. Global industry production was 0.3 percent higher than in February. Here there was a growth of 2.7 percent in the entire first quarter compared to the last period of last year. Trade also grew strongly in the G20 countries, reports the Organization for Economic Co-operation and Development (OECD). Exports were 8 percent higher, imports 8....
WHO: 10,000 More Children Die of Corona Malnutrition
News, World

WHO: 10,000 More Children Die of Corona Malnutrition

Due to the corona pandemic, 10,000 more children per month could die from malnutrition this year.   That said the head of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus on Wednesday at the Food and Agriculture conference of the United Nations. The WHO expects the number of malnourished children to increase by 14 percent this year. This means that 6.7 million more children will be starving, especially in the part of Sub-Saharan Africa and Asia. "The pandemic has severely disrupted essential services, vaccinations, maternal and child care, child nutrition and family planning," said Tedros. "We cannot accept a world where the rich have access to a healthy diet, while the poor are left behind." According to the WHO, malnutrition is the cause of nearly half of all inf...
WHO: No Signs That Coronavirus is Seasonal
News, World

WHO: No Signs That Coronavirus is Seasonal

The spread of the new coronavirus does not appear to be affected by seasonal influences, the World Health Organization (WHO) said Tuesday.   The organization thus warns against false beliefs that summer is safer. "Season does not seem to affect the transmission of this virus," WHO spokeswoman Margaret Harris told journalists in a virtual briefing. She pointed out that some of the hardest-hit countries are currently in a different season. While it is summer in the United States, with nearly 148,000 deaths and almost 4.3 million corona cases, the worst affected country, Brazil is the second most affected country, with more than 87,000 deaths, winter. And yet, she said, "there seems to be a firm idea that this virus is seasonal," and that Covid-19 will come in waves. This is becau...
WHO: 28 Billion Needed to Fight Coronavirus in Poor Countries
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WHO: 28 Billion Needed to Fight Coronavirus in Poor Countries

World Health Organization WHO says it will need $ 31.3 billion in the next 12 months to deal with the coronavirus outbreak in less prosperous countries.   The money should primarily be invested in testing, treatment of Covid-19 and the purchase of vaccines as they become available. The WHO's goal is to have a stock of 500 million tests and 245 million vaccines available by mid-2021, the organization said on Friday. By the end of next year, those numbers should have increased to 2 billion vaccines, half of which will go to the poorest countries.
UN Boss Complains About Lack of Leadership Among World Leaders
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UN Boss Complains About Lack of Leadership Among World Leaders

UN Chief António Guterres believes that world leaders show too little leadership during the crisis caused by the corona outbreak.   According to Guterres, the international community is too divided between fighting the virus together. He thinks there is not enough aid for developing countries. Richer countries only half fill a $ 2 billion emergency fund. "We see leadership and power becoming separate," said the United Nations Secretary-General. "People with power lack leadership, and people who show great leadership have no power. I hope this changes soon." The UN Security Council has been drawing up a resolution to promote closer cooperation between countries for more than a month. UN diplomats cannot agree on the role of the World Health Organization (WHO). The United States, ...
US Central Bank Lowers Interest Rates Again
News, US, World

US Central Bank Lowers Interest Rates Again

US central bank Lowers interest rates Again. The US central bank has reduced interest rates. It is the second time in such a short time that such a reduction takes place.   It is a reduction of 0.25 percentage point, the same as in July 2019. In the ten years before that, the bank never took such a step. The reduction should help the economy, said bank president Jerome Powell. For example, exports would be disappointing, just like business investments. The most important interest rate now comes to a bandwidth of between 1.75 percent and 2.0 percent. The policymakers of America's most important bank were divided about what the interest rate policy should look like in the coming period. Of the seventeen policymakers, five saw no need for an interest rate step. Five others found...
Harry And Meghan Watch Out For The Little Ones
News, UK, World

Harry And Meghan Watch Out For The Little Ones

Harry and Meghan watch out for the Little Ones. Prince Harry (34) and Meghan Markle (38) have recently been accused of hurling money, now watching the little ones.   They were spotted in a cafe where they ate a lunch of only fifteen pounds. The couple was spotted last Sunday at the pub called The Rose & Crown in Winkfield village in Berkshire. Little Archie was there too. A guest in the cafe recognised the couple. According to him, they were not appreciated by the other guests, but the staff did know who the special guests were. They did not receive special treatment. The cheap lunch is a stark contrast to the fuss Harry and Meghan got over them earlier this summer. They flew with a private plane to Ibiza and southern France, and the renovation of their cottage cost milli...
“Google Comes With The New Cheap Smart Speaker”
News, Tech, World

“Google Comes With The New Cheap Smart Speaker”

"Google Comes with the New cheap Smart Speaker." Google is working on a new, low-cost speaker that would get better audio quality than the predecessor Google Home Mini.   The new smart speaker, called Nest Mini, would also have a 3.5mm headphone jack,  but it is not apparent whether it will be used for audio input or output. The Mini could be hung on the wall and be provided with a motion sensor. That sensor ensures that users can see the volume of the speaker when they are close. Google Home becomes Google Nest Google previously produced smart home products under the brand name "Google Home". Since the merger of the two hardware divisions of Google,  the line continues under the Google Nest name. All Nest products are equipped with the Google Assistant. The original Google...