The institution now expects the global economy to expand from a 5.9 per cent increase in 2021 to 4.4 per cent this year. The number is half a percentage point lower than predicted in Octo ...

The UN’s key report on the global economy, released on Thursday, shows that the rapid spread of the Omicron COVID-19 variant has put the brakes on a rapid recovery, counteracting si ...

Beijing: COVID-19 spike and fast aging population have emerged as the new threat for China to fight the task of stabilising employment next year, media reports said.

New York: The coronavirus pandemic will likely cost the global tourism sector $2 trillion in lost revenue in 2021, the UN's tourism body said Monday, calling the sector's recovery ...

Colombo: Sri Lanka has declared an emergency over food shortages due to a lack of foreign exchange to finance imports amid a hard-hitting economic crisis.

New York: A sustainable and prosperous planet can only be achieved through working together and in solidarity, the UN Deputy Secretary-General said on Wednesday at the end of a major glob ...

New York: Job losses caused by the COVID-19 pandemic combined with high food prices are making it hard for millions of families to get enough to eat, the World Food Programme (WFP) warned ...

Washington: Cheap import of masks from China is blamed by US manufacturers of Premium-PPE as the reason behind the plunge of mask production.

New York: The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a re ...