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The United Nations Conference on Trade and Development (UNCTAD) has issued a stark warning, stating that an additional $8 billion to $28 billion annually will be required to decarbonize the global shipping sector by 2050. Furthermore, substantial investments ranging from $28 billion to $90 billion annually will be necessary to develop infrastructure for 100% carbon-neutral fuels by the same deadline.

Economic Outlook: Growth Slows, Inflation Persists, Risks Remain

The world economy is expected to see moderate growth in 2023, projected at 3.0%, but is anticipated to slow down slightly to 2.7% in 2024. This economic growth is largely driven by Asia, despite a weaker recovery in China than expected. However, global growth in 2024 is likely to be lower, primarily due to monetary policy becoming more visible and China's subdued domestic demand, said OECD in its latest report.
In 2023, the financial situation for many Europeans continues to be a cause for concern. A recent survey reveals that more than half of Europeans (55%) believe that their purchasing power has declined over the past three years, with countries like Greece (64%), Serbia (63%), and France (60%) feeling the impact most acutely.

Financial Struggles Plague Europeans as Inflation Takes Its Toll

In 2023, the financial situation for many Europeans continues to be a cause for concern. A recent survey reveals that more than half of Europeans (55%) believe that their purchasing power has declined over the past three years, with countries like Greece (64%), Serbia (63%), and France (60%) feeling the impact most acutely.
Landmark Inflation Reduction Act signed

Landmark  Inflation Reduction Act signed

President Joe Biden signed Democrats’ landmark climate change and health care bill into law on August 16, stating that the law delivered...
Explore the UN's Global Economic Outlook 2024, revealing a projected slowdown in global growth. Discover the challenges posed by high interest rates, conflicts, and climate disasters, and learn how bold investments are crucial for sustainable development and climate action

Inflation Remains Highest Worry

Inflation is something that all countries have come through in the last many days. How much does it worry the people? A...
Energy bills soar as inflation reaches 40 year high. What is up ahead for consumers?

Energy bills soar as inflation reaches 40 year high. What is up ahead for...

These are worrying times for sure. Just after the Covid-19 pandemic, the energy crisis came in and saw...

Investors prefer inflation-beating secured NCDs over low yielding fixed income instruments

Investors with low risk appetite/tolerance and looking for financial products blending inflation beating steady returns with higher safety are lapping up secured non-convertible debentures...

Enduring Struggle: Lingering Humanitarian Crisis of Russia-Ukraine Conflict

Delve into the enduring humanitarian crisis spawned by the Russia-Ukraine conflict, where millions grapple with unmet needs, debt, and psychological trauma. Despite global efforts, the plight of Ukrainians persists, demanding sustained attention and support.
Oxfam's latest report exposes the stark reality of global inequality, with the world's richest men doubling their fortunes while billions face poverty. Discover the soaring corporate power, billionaires' unchecked influence, and urgent calls for radical government intervention to bridge the widening wealth chasm.

Five Richest Men More Than Doubled Their Fortunes

Oxfam's latest report exposes the stark reality of global inequality, with the world's richest men doubling their fortunes while billions face poverty. Discover the soaring corporate power, billionaires' unchecked influence, and urgent calls for radical government intervention to bridge the widening wealth chasm.
Oxfam's latest report exposes the stark reality of global inequality, with the world's richest men doubling their fortunes while billions face poverty. Discover the soaring corporate power, billionaires' unchecked influence, and urgent calls for radical government intervention to bridge the widening wealth chasm.

Wealth Of EU ’s Five Richest Men Soars Almost 6 Million Euros Every Hour

Oxfam's latest report lays bare the stark reality of soaring billionaire wealth, with the EU's elite seeing a 76% surge while 99% of the population faces increasing poverty. Discover the alarming trends, corporate dominance, and urgent calls for a progressive wealth tax to bridge the growing divide.
ILO's 2024 report raises concerns as global unemployment is set to rise, with growing inequality and stagnant productivity posing threats to the economic landscape

Global Unemployment Surge in 2024

ILO's 2024 report raises concerns as global unemployment is set to rise, with growing inequality and stagnant productivity posing threats to the economic landscape