Furthering clean energy investment could generate 10 million new green jobs: EY-Parthenon report

From Britain’s offshore wind farms to Vietnam’s floating solar power plants, about 13,000 renewable energy (RE) projects in nearly 50 countries are waiting for an infusion of finances and that could create up to 10 million green jobs, said consultancy EY-Parthenon. In a report, EY noted that projects offered $2 trillion in investment opportunities that […]

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As Covid disruptions subside, Fitch forecasts strong gold and copper production growth

Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of covid-19 disruption miners experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show. For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global […]

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Pandemic has worsened food security: World Bank

Hunger has been rising since 2014, due to conflict, economic shocks, and weather extremes. According to the FAO, 688 million people were hungry in 2019, compared to 624 million in 2014. The COVID-19 pandemic has worsened food insecurity by disrupting supply chains. Together with currency depreciation and other factors, this in turn has driven up […]

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China-Europe freight-train service records over 40,000 trips: Xinhua

The China-Europe freight-train service has recorded more than 40,000 trips with transported goods valued at over $200 billion, Xinhua reported citing official data. Since the first China-Europe freight train left southwest China’s Chongqing Municipality in March 2011, the service has reached more than 160 cities in 22 European countries, according to a work conference of […]

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Global foreign direct investment set to partially recover in 2021, but uncertainty remains

Global foreign direct investment (FDI) flows are expected to bottom out in 2021 and recover some lost ground with an increase of 10% to 15%, according to UNCTAD’s World Investment Report 2021 released Monday. FDI flows plunged globally by 35% in 2020, to $1 trillion from $1.5 trillion the previous year, the report says. Lockdowns caused […]

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