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This article is published in association with United Nations. Global unemployment remains stable, but progress toward decent work has stalled, according to a new report from the International Labour Organization (ILO), which warns that young people continue to struggle in a job market which risks being further undermined by AI and trade policy uncertainty. According to […]
This article is published in association with United Nations. Top finance experts are meeting at UN Geneva this week to push for a radical shake up in the way economic growth is gauged, in response to concerns that GDP measurements provide little insight about progress on key sustainability targets that are vital to our survival. Backed […]
This article is published in association with United Nations. The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday. The World Economic Situation and Prospects 2026 predicts that global economic output will grow by 2.7 […]
This article was exclusively written for European Sting by Mr. Isaac Aidoo Erzuah, a third-year medical student and research assistant at the University of Cape Coast in Ghana. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do […]
This article is brought to you in association with the European Parliament. Parliament has struck an informal deal with Council on new rules to help retail clients invest in quality financial products and protect them from misleading or biased information. On Thursday morning, Parliament and Council negotiators agreed on a series of changes to several EU […]
This article is brought to you in association with the European Parliament. Early on Friday morning, Parliament and Council reached a provisional agreement on new EU circularity rules to cover the entire vehicle lifecycle, from design to final end-of-life treatment. Improved vehicle design and use of recycled materials According to the agreed draft, all new vehicles […]
This article is published in association with United Nations. Ministers and leaders from across the world’s 44 least developed countries have pledged to accelerate industrialisation that benefits all, and strengthen resilience in the face of global challenges, at an international UN conference in Riyadh, Saudi Arabia. “First, we need to end the war. Then, we have […]
This article is brought to you in association with the European Commission. The Commission welcomes today’s judgment of the Court of Justice of the European Union largely confirming that the Directive on adequate minimum wages stands on firm legal ground. Adequate minimum wages are essential for social fairness and a productive and inclusive economy. They help to protect workers’ purchasing power, reduce wage […]
This article is brought to you in association with the European Commission. The European Commission has issued new guidance to help EU Member States effectively implement the Social Climate Fund (SCF) and complete their Social Climate Plans (SCPs). Starting in 2026 and mobilising over €86 billion, the Social Climate Fund has been created to ensure the […]
This article is brought to you in association with the European Commission. The European Commission today announced two major initiatives to advance the Savings and Investments Union and deliver tangible benefits for all EU citizens. The comprehensive package focuses on improving financial literacy for all and at all life stages and introduces a blueprint for Savings […]
This article is published in association with IMF. Three years ago, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution is now unfolding. This issue of F&D looks at the new frontiers of finance, where technology, data, and changing societal values are reshaping how people and […]
This article is published in association with United Nations. The chief economist of the Food and Agriculture Organization (FAO), Máximo Torero Cullen, previewed its annual State of Food Security and Nutrition in the World (SOFI) report in a briefing on Tuesday to journalists at UN Headquarters in New York. The report, to be released later this […]
This article is published in association with United Nations. The UN’s urban development agency estimates that an astonishing 2.8 billion people worldwide lack access to adequate housing, secure land, and basic water and sanitation services – that’s around 40 per cent of the global population. This includes more than 1.12 billion people living in slums or informal settlements. An […]
This article is brought to you in association with the European Commission. The EU is at a crucial turning point for its competitiveness, decarbonisation and security, with a clear need to act. Structurally high energy costs are hurting our citizens and businesses. The challenges are clear, and so is the role of the European Union to […]
This article is brought to you in association with the European Parliament. An EP survey of EU citizens aged 16-30 shows social media is their main information source, and that the majority are also aware of the risks of online disinformation. Rising prices and the cost of living are a concern for 40% of the 16-30 […]
This article is published in association with European Investment Bank. What can local residents do when urban infrastructure projects impact their businesses and homes? How can an indigenous community protect its ancestral lands, affected by the construction of a dam? What rights protect these individuals, and how can they assert them? The grievance mechanisms of eight […]
This article is published in association with IMF. Global debt decreased about one percentage point to 237 percent GDP. The values for 2023 are now available from the just released IMF’s Global Debt Database. Global private debt fell by 2.8 percentage points to 143 percent of GDP, below the 2019 level and more than compensated for the […]
This article is published in association with United Nations. Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the UN International Labour Organization (ILO) said on Thursday. “If […]
This article is published in association with United Nations. The global food import bill is projected to exceed $2 trillion in 2024 – fuelled by the rising cost of everyone’s favourite hot drinks – according to the latest Food Outlook released by the Food and Agriculture Organization (FAO) on Thursday. The biannual report, which focuses on […]
This article is brought to you in association with the European Parliament. The European Parliament released today the “EU Post-Electoral Survey 2024” looking at voting behaviour and the main priorities of EU citizens. Rising prices and the cost of living (42%) and the economic situation (41%) were the main topics that motivated European citizens to vote […]
This article is published in association with IMF. A productivity slump is eroding living standards and imperiling financial and social stability “Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost everything.” Productivity is a foundation of prosperity. The only way a country can […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Institut Català de Finances (ICF) have signed a €163 million loan to finance the construction of affordable rental housing with high energy efficiency standards in Catalonia, Spain. This is the first tranche of a total loan of €490 million backed by the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Forum Agenda “A bag of chips has fewer chips, but they’re still charging us just as much.” That’s the President of the United States slamming companies for engaging in “shrinkflation”, widely reported earlier this year. And President […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Senior Writer, Forum Agenda How would you feel if your salary was about to be cut by 20%? You may be about to find out, since climate change will cost us almost a fifth of our […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Meagan Andrews, Lead, Capital Markets Initiatives, World Economic Forum, Haleh Nazeri, Lead, Longevity Economy, World Economic Forum The world of finance can be a complex place, but it’s important to develop a basic understanding of the influential role […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Piyachart “Arm” Isarabhakdee, Chief Executive Officer, BRANDi and Companies Since 2020, around two-thirds of newly created global wealth has gone to the top 1%. Now, some might argue, “if you work hard, you succeed.” But working hard is not enough. Capital […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Valentina Carbone, Professor of Sustainability and Supply Chain Management, ESCP Business School In our developed economies, most consumers have now played some part in the so-called ‘sharing economy.’ Perhaps they have sold vintage books on eBay or given […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Helena Leurent, Director-General, Consumers International Renewables are now the world’s most affordable energy. In fact, the latest solar panels generate cheapest electricity in human history. But hardly any households are seeing the financial benefits. Many consumers are struggling to […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. The impact of the Longevity Economy Principles. In 2020, 1 billion people were aged above 60. By 2050, this number will have more than doubled to 2.1 billion. For individuals to thrive in their longer lives, an intentional focus on […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Aparna Bharadwaj, Managing Director and Partner, Boston Consulting Group, Nivedita Bilaji, Associate Director, Boston Consulting Group The world is facing major geopolitical disruptions, economic challenges and technological change. These big-picture issues have captured headlines. They’ve also entered the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gbenga Ibikunle, Professor and Chair of Finance, The University of Edinburgh Many of the actions needed to achieving net zero involve societal behavioural change, including changes to how we heat our homes, travel and shop.Incentive-based market instruments are […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Forum Agenda, Madeleine North, Writer, Forum Agenda This article was first published in May 2022 and updated in October 2023. The sudden rise in inflation has pushed global debt to new highs. In the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sven Smit, Senior Partner, McKinsey & Company, Jan Mischke, Partner, McKinsey Global Institute The global balance sheet – the sum of all assets and liabilities in the world economy – has expanded continuously for the past two decades.But […]
