The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …
Read More »Africans take the lead on the global stage
Africa’s rising stars in global trade and development finance, show the world that it’s finally the continent’s time to shine, writes Gina Din-Kariuki The World Bank Group recently named longtime vice president Makhtar Diop to replace Philippe Le Houérou as head of the International Finance Corporation (IFC), making him the …
Read More »Thailand looks forward to stepping up trade, service cooperation with China: PM
Kampala, Uganda | XINHUA | Thai Prime Minister Prayut Chan-o-cha said on Friday his country is looking forward to stepping up bilateral trade and service cooperation with China. In a video message at the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services held …
Read More »WTO estimates 18.5-pct decline of global trade in Q2
Kampala, Uganda | XINHUA | The volume of global merchandise trade would shrink by around 18.5 percent year-on-year in the second quarter of this year, the World Trade Organization (WTO) said Tuesday. “The fall in trade we are now seeing is historically large — in fact, it would be the steepest …
Read More »COVID-19 triggers decline in global trade
Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic cut global trade values by 3% in the first quarter of this year. This is according to the latest UN Trade and Development Conference (UNCTAD) data published in a joint report by 36 international organizations. The report says the pandemic has led …
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