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Countries in the region thrived after

Set to continue This rebound is expected to continue into the second quarter of the year, with the combined value of goods and services reaching $6.6 trillion. That’s about three per cent higher than pre-pandemic levels of 2019, said UNCTAD’s Global Trade Update, which also predicted that the economies of China and the United States of America will likely be the main drivers of global growth in coming months. This should also have positive effects on countries which trade with the US and Ch...

Date Time UN to Focus on Building Post-Pandemic Resilience through Science, Technology and Innovation UNCTAD will bring together experts to explore how science, technology and innovation (STI) can contribute to a sustainable and resilient recovery from the COVID-19 pandemic, during a meeting of the UN Commission on Science and Technology for Development (CSTD) from 17 to 21 May. UN Deputy Secretary-General Amina Mohammed will lead speakers in examining how STI can help rebuild health-care syste...

COVID-19 boosts online sales last year, according to UN trade agency report Yunus Girgin   | 03.05.2021 ANKARA Global e-commerce volume reached $26.7 trillion in 2019, up 4% from 2018, a new report by the UN Trade and Development Agency (UNCTAD) revealed on Monday. "The dramatic rise in e-commerce amid movement restrictions induced by COVID-19 increased online retail sales’ share of total retail sales from 16% to 19% in 2020," the report sa...

SHARE Online transactions accounted for 19 per cent of total retail sales in 2020, up from 16 per cent in 2019, as Covid-19 movement restrictions fuelled e-commerce growth, the UN Conference on Trade and Development said. Several countries reported a growth in online sales, with South Korea topping the list at 25.9 per cent of total retail sales, up from 20.8 per cent in the previous year, Unctad said in a report. The value of South Koreas online sales rose from $84.3 billion in 2019 to $104.4b...

Three critiques of Amazon Online sales rose 59% in Australia, 46.7% in Britain, 32.4% in the US, and 14.6% in China. The turnover increased by 22.4% last year to $2.5 trillion, having increased by some 15% in 2018 and 2019. Retail sales overall declined by 1% year on year.  Data by gross merchandise volume put Chinas Alibaba at the top, followed by US giant Amazon.   Travel, ride hailing companies suffer Data from the 13 top e-commerce companies showed a significant drop for companies off...

Synopsis Every government’s best answer to a debt trap has been privatisation. The private sector is hailed as a panacea for India’s cash problems. But the immediate monetisation of assets only momentarily satiates India’s welfare aspirations. In his last visit to India, Jeff Bezos famously announced that the 21st century belonged to India. While it could have been pure PR, there is much merit to Bezos’ claim. India’s bullish spree has inspired a positive business sentiment across the...

Daily Monitor Saturday March 13 2021 Oil and gas sector analysts interviewed for this article recommend that government do something almost immediately to plug IFF way before commercial exploitation of the country’s oil begins to flow Advertisement Should commercial production of oil and gas begin before the government tightens loopholes that drives illicit financial flows (IFFs), the country should expect very little and in some cases nothing at all in any form or shape of the much needed oi...

FDI inflows up 22% in April-Dec 2020 SECTIONS Share Synopsis Total FDI inflows including equity inflows, re-invested earnings and other capital were $55.14 billion in the first nine months of FY20 while FDI equity inflows were $36.77 billion. Agencies The government on Thursday said that India attracted total foreign direct investment (FDI) of $67.54 billion during April-December 2020, the highest ever for the first nine months of a financial year and 22% higher year-on-year. FDI equity inflows...

World Emerging digital solutions for life after COVID is likely to be worth over $3 trillion by 2025: UNCATD February 27, 2021 NEW YORK — With an estimated market value of $350 billion today, the array of emerging digital solutions for life after COVID is likely to be worth over $3 trillion by 2025, according to UNCTADs Technology and Innovation Report 2021, which examines the crucial issue of technological ch...