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☆ Gaza Post-War Reconstruction Estimated at $20 Billion: UN Trade Body
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

GENEVA (Reuters) - Gaza will need a new "Marshall Plan" to recover from the conflict between Israel and Hamas, a U.N. trade body official said on Thursday, adding that the damage from the conflict so far amounted to around $20 billion. Speaking on the sidelines of a U.N. meeting in Geneva, Richard Kozul-Wright, a director at trade body UNCTAD, said the damage was already four times that endured in Gaza during the seven-week war in 2014. "We are talking about around $20 billion if it stops now," he said. Kozul-Wright said the estimate was based on satellite images and other information and that a more precise estimate would require researchers to enter Gaza. War in Israel and Gaza View All 209 ImagesThe reconstruction will require a new "Marshall Plan", he said, referring to the U.S. plan for Europe's economic recovery after World War Two.

Persons: Richard Kozul, Wright, Kozul, Emma Farge, Gabrielle Tetrault, Farber, Toby Chopra Organizations: Hamas, UNCTAD Locations: GENEVA, Gaza, Israel, Geneva, U.S

UNITED NATIONS (AP) — The U.N. 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. Since November, the Iranian-backed Houthis have launched at least 34 attacks on shipping through the waterways leading to the Suez Canal. Total transits through the Panama Canal in December were 36% lower than a year ago, and 62% lower than two years ago, Hoffmann said. Hoffmann said ships transporting liquified natural gas have stopped transiting the Suez Canal altogether because of fears of an attack. “Here you see the global impact of the crisis, as ships are seeking alternative routes, avoiding the Suez and the Panama Canal,” Hoffmann said.

Persons: Jan Hoffmann, Yemen’s Houthi, Hoffmann, Yemen’s, ” Hoffmann Organizations: UNITED NATIONS, United Nations Conference, Trade, UNCTAD, Suez, U.N, Ships Locations: Red, Ukraine, Panama, Suez, Asia, Europe, Iranian, Saudi, Israel, United States, Britain, Geneva, Russia, East Africa, South Asia, Southeast Asia, East Asia, Hope, Africa, Shanghai, U.S

☆ Israel is tightening its control of northern Gaza. But there is no clear post-war strategy in sight
▼ + stars: | 2023-11-17 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Abu Dhabi, UAE CNN —The Israeli military is tightening its grip on northern Gaza, as its war on the Hamas militant group is showing no signs of abating. Almost six weeks into the conflict, however, Israel is yet to offer a clear post-war plan for the territory. The Israeli military raided Gaza’s largest hospital, Al-Shifa, on Wednesday after claiming that Hamas had built a command center beneath the sprawling medical complex. The United States has warned against Israel re-occupying Gaza, and has stressed a future role there for the Palestinian Authority (PA). Video Ad Feedback Netanyahu appeared to rule out giving the Palestinian Authority control of post-war Gaza.

Persons: Yoav Gallant, Israel, Khan Younis, Fatima Shbair, ” Frank Lowenstein, Barack Obama, “, ” Lowenstein, Benjamin Netanyahu, Netanyahu, “ Israel, ”, Daniel Levy, CNN’s Dana Bash, Levy, I’m, ” Levy, CNN’s Christiane Amanpour, CNN Kobi Michael, Mahmoud Abbas, –, Abbas, Fadel Senna, Lina Khatib, ” Khatib, CNN’s Becky Anderson, Michael of INSS, Lowenstein Organizations: UAE CNN, Israeli, Israel Defense Forces, Hamas, Al, Palestinian, CNN, United Nations Office, Humanitarian Affairs, of Housing, United, Palestinian Authority, Palestinian Health Ministry, West Bank, Institute for National Security Studies, Palestinian Center, Policy, Research, West Bank . Lowenstein, Regional, Getty, United Arab Emirates, SOAS, East Institute, PLO, Palestine Liberation Organization, Israel’s Ministry, Strategic Affairs, UN Conference, Trade, Development, UNCTAD, UN, Programme, Palestine Economic Policy Research Institute, UNDP, UN Relief and Works Agency for Palestine Refugees, Israel Locations: Abu Dhabi, UAE, Gaza, Israel, Gaza City, Gaza’s, Al, Khan, “, London, New York, United States, Ramallah, Tel Aviv, ”, Israeli, AFP, Egypt, Jordan, Qatar, Saudi Arabia, United Arab, Palestinian, Palestine

☆ IMF: Neighboring economies likely hit by Israel-Hamas war
▼ + stars: | 2023-10-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —The Israel-Hamas war is likely to hurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund (IMF) managing director Kristalina Georgieva said Wednesday. Tourism will likely take a hit, and the cost of insuring the movement of goods will go up. The IMF sees an “incredibly resilient world economy, but jittery and more so,” as a consequence of the war, Georgieva said. Her comments highlight that the economic fallout from the war is only likely to grow, even as financial markets remain relatively sanguine about the consequences for now. Make sure that you understand [higher] interest rates are here to stay for longer,” she said, pointing to the fact that inflation was not falling fast enough.

Persons: Kristalina Georgieva, CNN’s Richard Quest, Georgieva, “, ” Richard Kozul, Wright, ”, ” — Winston Lo Organizations: London CNN, International Monetary Fund, Future Investment Initiative, “, IMF, United Nations Conference, Trade, Development, West Bank, Gross, UNCTAD, Saudi Locations: Israel, Egypt, Lebanon, Jordan, “ Davos, Saudi Arabia, Tourism, Russia, Gaza, East Jerusalem, Ukraine

☆ Gaza needs billions in aid to reverse years of restrictions -UN trade body
▼ + stars: | 2023-10-25 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +2 min

Trucks carrying aid wait to exit, on the Palestinian side of the border with Egypt, as the conflict between Israel and Palestinian Islamist group Hamas continues, in Rafah in the southern Gaza Strip, October 21, 2023. REUTERS/Ibraheem Abu Mustafa/File Photo Acquire Licensing RightsGENEVA, Oct 25 (Reuters) - Gaza needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on Wednesday by the United Nations trade body. "Donors and the international community need to extend significant economic aid to repair the extensive damage Gaza has experienced under prolonged restrictions and closures and frequent military operations, which has stifled the economy and decimated infrastructure," the report said. Nearly half of Gaza's population is unemployed, and more than half lives in poverty, the report said. "Border closures and repeated military operations have set in motion a vicious circle of economic and institutional collapse that has rendered Gaza a case of 'development in reverse,'" the report said.

Persons: Abu Mustafa, Richard Kozul, Wright, Gabrielle Tétrault, Farber, Bernadette Baum Organizations: Hamas, REUTERS, Rights, United, United Nations Conference, Trade, Development, Thomson Locations: Egypt, Israel, Palestinian, Rafah, Gaza, United Nations, Palestinian Territory, Geneva

☆ Prepare for 'stalling and divergent' global growth in 2024, UN trade arm warns
▼ + stars: | 2023-10-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

Prepare for "stalling and divergent" global growth next year, according to a new forecast issued by the United Nations. Global economic growth will rise slightly, from 2.4% in 2023 to 2.5% in 2024, according to the UN's Trade and Development Report, but the world economy is in a precarious position, Richard Kozul-Wright, UNCTAD, Director, Division on Globalization and Development Strategies Division, tells CNBC. "The global economy is pretty weak and I consider the projection to be an optimistic call," he said. Even with these concerns, he noted that the U.S. economy continues to be the best-performing amongst the developing countries. "I know there are growing voices of the 'R word' for the U.S. next year, but we are not saying recession yet.

Persons: Richard Kozul, Wright Organizations: United Nations, UN's Trade, Wright, UNCTAD, Globalization, CNBC, UN, UAW, U.S Locations: U.S

☆ Exclusive: Temasek's PSA evaluates multi-billion dollar exit from Hutchison Ports-sources
▼ + stars: | 2022-12-09 | by ( Anshuman Daga | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 9 (Reuters) - Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings (0001.HK), two sources familiar with the matter told Reuters. PSA, the world's second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake in the Hong Kong-based conglomerate's ports business for $4.4 billion in 2006. Both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, declined to comment. Temasek reported a nearly 6% rise in its portfolio value to a record S$403 billion ($297 billion) in the year to March 2022. Economic conditions have worsened since then, with global markets selling off along with a sharp increase in interest rates.

However the talks aim to remove remaining obstacles in the initiative extended last week and ease global food shortages by unblocking Ukrainian and Russian exports, they added. Putin said on Wednesday that Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports. The export of Russian ammonia would be via an existing pipeline to the Black Sea. Neither Russia nor Ukraine have released official figures on how many prisoners of war they have taken since Russia invaded in February. On Oct. 29, Ukrainian President Volodymr Zelenskiy said that since March, Russia had freed a total of 1,031 prisoners.

EU distillate inventories were just 360 million barrels at the end of September, the lowest seasonal level since 2004. The global petroleum and refining system has proved unable to keep up with rapid growth in fuel consumption as a result of the manufacturing and freight-led recovery after the coronavirus pandemic. In any event, accelerating refinery processing will simply push the shortage upstream from the fuel market to the crude market. But with spare capacity almost exhausted, a recession is the most likely route to rebalancing the distillate market in particular and the petroleum market in general. Related columns:- OPEC+ risks overtightening the oil market (Reuters, Oct. 12).

☆ Chorus of international agencies are calling on central banks to please stop raising rates
▼ + stars: | 2022-10-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The clamor from international agencies demanding that central banks stop raising interest rates is suddenly getting louder. The United Nations Conference on Trade and Development (UNCTAD) is out with its annual report on the global economic outlook . It's filled with dire warnings that central banks are going to throw the world into a massive global recession if they keep raising rates. Is this a sign central banks are listening? "This is the last chance they [central banks] have to maintain credibility, " Komal Sri-Kumar, President at Sri-Kumar Global Strategies, said on CNBC's " Squawk Box " this morning.

☆ Why the Federal Reserve won't be so quick to ease up on its fight against inflation
▼ + stars: | 2022-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal yet that they're willing to tolerate a recession as the necessary trade-off for regaining control of inflation. That's monetary policy in this era of rapid inflation, swooning economic growth and heightened fears over what could go wrong. "But I would argue that they're still being overly optimistic at which the inflation rate is going to decelerate on its own." "Right now, the pain that I hear, the suffering that people are telling me what they're going through, is on the inflation side," she said during a talk at the Council on Foreign Relations.

☆ Turismul internaţional nu îşi va reveni până în 2023, arată un raport al ONU
▼ + stars: | 2021-06-30 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: wikipedia.orgTurismul internaţional nu îşi va reveni până în 2023, arată un raport al ONUTurismul internațional va stagna în acest an, ceea ce va provoca pierderi de până la 2.400 de miliarde de dolari, arată un studiu publicat miercuri de ONU. Potrivit raportului, sectorul nu îşi va reveni complet până în 2023, relatează Reuters. Primele trei luni ale anului au fost din nou proaste, nu am avut prea multe călătorii", a spus Ralf Peters, directorul diviziei de analiză de la UNCTAD. "Pe termen lung, ne uităm la atingerea cifrelor din 2019 undeva după 2023", a spus Zoritsa Urosevic. La rândul său, Sandra Carvao, directorul diviziei de analiză a pieţei de la UNWTO, va avea loc o "revenire foarte diversă", care va varia de la o regiune la alta şi de la o ţară la alta.

Persons: îşi, Reuters, Ralf Peters, Sandra Carvao Organizations: ONU, Turismului, Agerpres, Uniunea Europeană Locations: America de Nord, Europa

☆ „Sosirile de turiști au scăzut cu 73 %.” Turismul internațional nu își va reveni până în 2023
▼ + stars: | 2021-06-30 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

„Sosirile de turiști au scăzut cu 73 %.” Turismul internațional nu își va reveni până în 2023Potrivit Reuters , turismul internațional va stagna în acest an, ceea ce va provoca pierderi de până la 2.400 de miliarde de dolari, arată un studiu publicat miercuri de ONU. Potrivit raportului, sectorul nu își va reveni complet până în 2023. În 2020, sosirile de turiști internaționale au scăzut cu 73 %, comparativ cu nivelul din 2019, provocând pierderi de 2 400 miliarde de dolari turismului și sectoarelor asociate, se arată în raportul citat. „În turismul internațional suntem la nivelul din urmă cu 30 de ani, deci practic ne-am întors în anii 80…Multe locuri de muncă sunt în pericol”, a apreciat Zoritsa Urosevic, reprezentantul UNWTO. „Pe termen lung, ne uităm la atingerea cifrelor din 2019 undeva după 2023”, a spus Zoritsa Urosevic.

Persons: Reuters, Ralf Peters, Sandra Carvao Organizations: ONU, Organizația Mondială a Turismului, AGERPRES, Uniunea Europeană Locations: America de Nord, Europa

„Perspectivele pentru acest an nu sunt mult mai bune. Primele trei luni ale anului au fost din nou proaste, nu am avut prea multe călătorii”, a spus Ralf Peters, directorul diviziei de analiză de la UNCTAD. „Există aşteptări referitoare la o anumită revenire în a două jumătate a anului, cel puţîn pentru America de Nord şi Europa într-o anumită măsură”, a adăugat Ralf Peters, care a spus că meritul pentru această relansare revine vaccinării. Potrivit raportului, sectorul nu îşi va reveni complet până în 2023.

Persons: Ralf Peters Locations: America de Nord, Europa

☆ Россия заняла 11-е место среди стран Европы в инвестиционном рейтинге EY
▼ + stars: | 2021-06-03 | by ( Mld Media Srl | ) noi.md time to read: +4 min

Россия в 2020 году заняла 11-е место в списке 20 наиболее привлекательных для инвестиций стран Европы, зарубежные инвесторы вложили средства в 141 проект. Эти даннвые содержатся в ежегодном исследовании международной компании EY "Инвестиционная привлекательность стран Европы за 2020 год", подготовленном к Петербургскому международному экономическому форуму (ПМЭФ). Первое место по итогам 2020 года заняла Франция - с 985 проектами с прямыми иностранными инвестициями (ПИИ), следом расположилась Великобритания - с 975 проектами. Этот показатель позволил стране занять одиннадцатое место в списке 20 наиболее привлекательных для инвестиций стран Европы", — отмечают авторы. Количество проектов ПИИ в России за 2020 год оказалось близко к показателям 2014 года.

Persons: Александр Ивлев Organizations: РИА Новости, СНГ, ПИИ Locations: Россия, Европа, Франция, Великобритания, Германия, Испания, Бельгия, Польша, Турция, Нидерланды, Ирландия, Португалия

☆ „Moldova Business Week – 2020”: Investiţii pe timp de criză
▼ + stars: | 2020-11-25 | by ( ) capital.market.md time to read: +10 min

Cifra de export a serviciilor IT a înregistrat o creştere constantă de cca 40-50% în ultimii 3 ani. De la intrarea în vigoare a DCFTA, investiţiile străine directe ale UE în Republica Moldova au fost în continuă creştere şi chiar s-au dublat, mai spune oficialul european. Şi Ambasadorul SUA în Republica Moldova, Dereck J. Hogan, a menţionat în cadrul Forumului că „în ciuda pandemiei, priorităţile noastre în domeniul afacerilor din Republica Moldova nu s-au schimbat, punem accent pe dezvoltarea comerţului bilateral şi a investiţiilor. Invităm potenţialii investitori şi sectorul privat să ne fie parteneri, pentru a atinge obiectivul nostru comun – o economie înfloritoare în Moldova. Platforma forumului a devenit locul unde şi-au prezentat profilul investiţional şi oferta de parteneriat companii din domeniile TIC, electronică, fashion şi sectorul agroalimentar.

Persons: Rodica Verbeniuc, Ion, Premierul, Peter Michalko, J . Hogan, experţi, Michio Kaku, Binod, Massimo Meloni, Stefan Kratzsch, Moldovei, Scott Hocklander, Vlad Organizations: Moldova Business, Moldova Business Week, Park Locations: Moldova, Chişinău, Cuba, Brazilia, Nicaragua, Filipine, Japonia, Ţările, relaţii, Republica Moldova, alţii, moldoveneşti, UE, SUA, Moldovei

În cea de-a doua zi experții au abordat impactul mega-trendurilor globale asupra investițiilor străine directe, dar și oportunitățile digitalizării. Totodată, aceștia au menționat perspectivele de dezvoltare ale Republicii Moldova și oportunitățile „investițiilor de impact”, care trebuie valorificate pentru atragerea și menținerea investitorilor străini. În al treilea rând, să-și direcționeze eforturile de atragere a investițiilor spre proiecte care pot ajuta țara să atingă obiectivele de digitalizare și sustenabilitate. De aceea Moldova Business Week este o posibilitate de a ne face compania mai cunoscută.”Moldova Business Week este cel mai important eveniment economic din Republica Moldova consacrat mediului de afaceri, promovării exporturilor și atragerii investițiilor. MBW / Sursa:MBWMBW / Sursa:MBWMBW / Sursa:MBWMBW / Sursa:MBWMBW / Sursa:MBW

Persons: Massimo Meloni, Stefan Kratzsch, Scott Hocklander, Moldovei, Ion Lupan, Alexandru Cebotari, Vadim Danu Organizations: UE, Moldova Business Week Locations: Republicii Moldova, Moldova, Moldovei, România, Franța, Germania, Irlanda, Republica Moldova

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