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The UN’s trade and development body, UNCTAD, has raised profound concerns over escalating disruptions to global trade. It says that recent attacks on ships in the Red Sea, combined with geopolitical tensions affecting shipping in the Black Sea and the impacts of climate change on the Panama Canal, have given rise to a complex crisis affecting key trade routes.
The U.N. warned global consumers Friday to get ready to begin paying more for just about everything - if you haven't already started.
Sounding an alarm about the impact of the Red Sea conflict on the international economy, the United Nations trade body UNCTAD has said that the volume of international trade going through the Suez Canal has come down by 42 per cent during the ...
UNITED NATIONS—The UN trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD,…
Vessels have been forced to use longer, alternative routes, causing delays and increased costs, which will eventually be passed on to consumers as higher prices, while there is also an environmental impact.