People are shopping at a supermarket in Nice, France. (Photo: Reuters)

Positive signals from the fight against inflation in Europe

The European Union Statistical Agency (Eurostat) has just released data showing that economic growth in the Eurozone decreased in the third quarter of 2023. However, the Eurozone inflation in October fell to its lowest level in two years. The fight against inflation may have negative impact on growth, but the EU believes it can achieve the goal of bringing inflation down to 2%.
“Black gold” market fluctuates due to Israel – Hamas conflict

“Black gold” market fluctuates due to Israel – Hamas conflict

The World Bank (WB) warns that if the conflict between Israel and the Islamic movement Hamas spreads throughout the region, it could lead to a price shock for oil and agricultural products. The global economy is expected to face a “double shock” for the first time in decades and the “black gold” market will fall into uncertainty if the crises in the Middle East and Ukraine persist.
AI Management - urgent problem for humanity

AI Management - urgent problem for humanity

United Nations Secretary-General Antonio Guterres has established an Advisory Board in charge of recommendations in the field of artificial intelligence (AI), a technology which has the potential to create breakthrough changes but also poses many potential risks.
The RoK’s President Yoon Suk Yeol and Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman. (Photo: Yonhap/

New doors for cooperation opened between the RoK and the Middle East

President of the Republic of Korea (RoK) Yoon Suk Yeol has recently visited the Middle East to strengthen connections with key regional trading partners. With a series of signed cooperation agreements totalling tens of billions of US dollars, the trip not only helps the RoK ensure gas supplies while opening new doors for cooperation, but it also offers an opportunity for Saudi Arabia and Qatar to promote economic diversification.
European flags fly outside the European Commission headquarters in Brussels, Belgium, on September 20, 2023. (Photo: Reuters)

Consolidating the US-EU partnership

The US-European Union (EU) Summit has just concluded after a busy schedule. In the context that the world is witnessing many geopolitical challenges and crises, this high-level summit aims to strengthen the transatlantic partnership, cope with crises, and reach an agreement in solving global hot problems.
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Efforts made to fill educational gaps for children's good future

The United Nations Children's Fund (UNICEF) has recently warned, that nearly 7.6 million children in Ethiopia are out of school, due to the impact of natural disasters and conflicts. This reality rings the bell, urging the world to act more decisively to ensure the goal of universal education coverage because learning is an important factor in helping all kinds of humanity to have a better future.
A coal power plant in Garzweiler, Germany. (Photo: AFP/VNA)

Promoting global carbon market

The World Trade Organisation (WTO) has just announced the establishment of a task force to create a methodology to determine global carbon prices. This step is expected to not only help countries build carbon markets but also ensure fairness in imposing cross-border carbon taxes.
Illustrative image (Photo: Xinhua/VNA)

Giving a boost to the Japanese economy

In the recently released economic report, the Japanese Cabinet Office said that the Japanese economy is recovering at a moderate pace, but negative external impacts and high inflation may pose a risk of hindering the economic growth of the country. The Japanese parliament convened an extraordinary session on October 20 to plan a new economic stimulus package.
Illustrative image. (Photo: Brecorder)

G7 strives for risk control and effective use of AI

The Group of Seven (G7) has recently agreed on draft guidelines for the development of artificial intelligence (AI), showing a positive step in efforts to reduce risks related to this emerging technology. Building a strategy to manage and use AI effectively, safely and responsibly, is an urgent task for every country.
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Migration - a difficult problem for Germany

In the context of an unusually high wave of migrants into the European Union (EU), countries in general and Germany in particular, Europe’s “leading” economy, are constantly looking for measures to prevent illegal migrants.
United Nations Headquarters in New York (USA). (Photo: UN)

United Nations faces many challenges on every front

In a context where the world is facing a series of challenges, not only increasing in number but also in complexity, the role of the United Nations has never been more vital. However, lack of funding is posing a big challenge for the largest multilateral organisation on the planet in implementing its operational programmes.
Solar batteries installed on a plantation in Germany. (Photo: REUTERS)

Europe speeds up energy transition

In efforts to fulfil the European Union (EU)'s commitment to reduce net emissions by 55% by 2030 compared to 1990 levels and achieve carbon neutrality by 2050, Germany and France are accelerating their clean energy transition. At the 6th Franco-German Energy Forum, the two major European economies affirmed their cooperation in promoting hydrogen development as well as their commitments to energy transition.
People shop at a market in Tokyo, Japan. (Photo: AFP/VNA)

World economic picture sees bright colours

In the recently released World Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast, for many economies around the world. Only a few economies, including the US, Japan, India and Russia, go against this trend. Positive signals from some economies are expected to contribute to brightening the global economic picture.
Delegates at the First High-Level Meeting of the Archipelagic and Island States (AIS) Forum in Bali, Indonesia, October 11, 2023 (Photo:

Affirming the voice of archipelagic and island states

The first ever summit of the Archipelagic and Island States (AIS) Forum recently took place in Indonesia. The event is not only an opportunity for archipelagic and island states to strengthen solidarity but also affirm their voice and contribute to solving global challenges, particularly when they are being affected by climate change.
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International organisations join hands to respond to financial risks

Solving the debt problem of poor countries is one of the central topics of the Annual Meeting of the International Monetary Fund (IMF) and the World Bank (WB), which is taking place in Morocco. Debt crises in many countries threaten to derail sustainable development goals, requiring strong and urgent multilateral solutions, to address the public debt burden.
CBAM is the EU's landmark tool to combat carbon leakage (Photo: European Commission)

Seizing the opportunity to access the EU market

The European Union (EU) has just officially launched a system to impose CO2 emissions tariffs on imported goods. This move is expected to contribute to promoting green transition in the world. However, it also poses many challenges for countries in accessing the EU - a market with over 500 million people.
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Challenge of solving debt crisis

Secretary General of the United Nations Conference on Trade and Development (UNCTAD) Rebeca Grynspan warned, that current attempts to resolve the debt crisis swamping poor countries do not go anywhere near enough, given the scale and urgency of the situation.
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The problem of illegal migration

Illegal immigration to the US is increasing, causing instability in the region and threatening the lives of migrants. Solving the root cause of the illegal migration is always a difficult problem for the authorities of the US, Mexico and other countries in the region.
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International cooperation for climate goals

Director of the International Energy Agency (IEA) Fatih Birol warned of the challenges in implementing the goal of limiting global temperature rise to no more than 1.5C, at the international conference on climate and energy, with the participation of about 40 ministers and world leaders, in the Spanish capital of Madrid. He called for increased cooperation as the world is racing against time in the fight against climate change.
Elderly people exercising in Bosnia and Herzegovina. (Photo: UNFPA Bosnia and Herzegovina)

Population ageing: turning challenges into opportunities

Population ageing is posing challenges to the economy and society, but appropriate policies will help take advantage of the benefits of this situation. In his message on this year’s International Day of Older Persons (October 1), United Nations Secretary-General Antonio Guterres called on the world, to ensure the rights of older people to be able to adapt to an ageing society.
More positive signals from the global economy

More positive signals from the global economy

The world economy received positive information as China's Purchasing Managers' Index (PMI) exceeded 50 points; inflation “cooled down” and the dark clouds were less gloomy for European economies, while the US economic outlook continued to brighten.
US Secretary of State Antony J. Blinken meets with Namibian President Hage Geingob, Zambian President Hakainde Hichilema and South African Foreign Minister Naledi Pandor, at the US-Africa Summit in Washington, D.C. on December 14, 2022. (Photo:

US moves closer to Africa

US Defense Secretary Lloyd Austin has visited Djibouti, Kenya and Angola, continuing the visits of senior US officials to Africa, from the beginning of the year until now. This is part of Washington's efforts to strengthen its role in Africa, a region rich in potential and increasingly important.
People carry bottles of drinking water given by high school students in support of neighbourhoods with lack of potable water in Ciudad Juarez, Mexico, May 28, 2021. (Photo: Reuters)

Alarm raised on water insecurity

Many parts of the world are facing severe drought, which has disrupted economic sectors and threatened people's livelihoods. Encouraging all countries and all people to effectively protect water resources has been the focus of many international water conferences in recent years, including the 18th World Water Conference that recently took place in China.
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Responsibility for AI technology development

Faced with growing risks from the explosion of artificial intelligence (AI) technology, lawmakers are urging technology companies to be responsible and cautious in AI research and development. Facing pressure, companies have initially made commitments to reduce the threat of AI, although words and actions still require significant effort and time.
Secretary-General António Guterres speaks at the opening of the general debate at the 78th session of the UN General Assembly. (Photo: UN)

Putting sustainable development on the right path

Taking place within the framework of the high-level week of the 78th session of the UN General Assembly in New York of the US, the Sustainable Development Goals (SDG) Summit marks the moment the world passes the halfway point, on the journey to realising the SDGs by 2030.
Migrants rest outside the hotspot, a reception centre for irregular migrants, on the Sicilian island of Lampedusa, Italy, September 14. (Photo: REUTERS)

Serious European migrant crisis

The wave of migrants crossing the Mediterranean and "landing" in Europe is causing a crisis in reception, "heating up" the debate within the European Union (EU), on the issue of refugee distribution.
Iranian technicians are seen at the Isfahan Uranium Conversion Facilities, 261 miles south of Tehran. (Illustrative photo: AFP/VNA)

Far-fetched Iran nuclear deal

The possibility of restoring the Iran nuclear agreement is becoming increasingly unconvincing as “tit for tat” continues between involved parties. While the US and the West imposed new sanctions on Iran, Tehran responded with tough statements.
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