Japan’s economy sails through the storm

Japan’s economy sails through the storm

NDO – Japan’s Cabinet Office recently reported that the real gross domestic product (GDP) of the country in Q4 2020 increased by 12.7% over the same period in 2019. Such an economic growth rate, together with positive signals from exports and the stock market, indicate that the world’s third largest economy is now on the path towards successfully overcoming the “COVID-19 storm”. (Feb 19, 2021 10:28:41)

MORE STORIES:

A sharing plan

  Feb 14, 2021 17:03:24
NDO – At the recent virtual meeting, finance ministers and central bank heads from the Group of Seven (G7) industrialised nations discussed a plan to mobilise funding for the world's poorest countries. Together with the goodwill to reschedule debt, the new G7 plan is expected to help ease the burden on poor countries who are struggling with the COVID-19 pandemic.  

Joint hands urged to cope with alarming climate crisis

  Jan 26, 2021 11:56:50
NDO – The United Nations (UN) has welcomed new US President Joe Biden’s decision to bring the US back to the Paris Agreement on climate change. UN Secretary-General Antonio Guterres called on the US leader to join hands with the coalition of governments, cities, states, businesses and citizens to implement the ambitious plan in response to the alarming climate crisis. 

A new chapter in US-EU relations

  Jan 22, 2021 14:40:32
NDO – Shortly after becoming the boss of the White House, US President Joe Biden signed a series of executive orders reversing his predecessor's policies, including those that had once caused disagreement with allies in Europe. 

A driving force to promote trade

  Jan 20, 2021 17:32:23
NDO – The Secretary General of the African Continental Free Trade Area (AfCFTA) recently visited Egypt to discuss solutions to facilitate the operation of the world’s largest regional trade agreement. Considered a promising start to the goal of continental integration as well as promoting trade among African countries, the deal has now officially come into effect. However, there are still many barriers for the document to be implemented in order to creating a driving force to promote trade in Africa. 

Hopes for transatlantic relations grow as EU and US make overtures

  Jan 15, 2021 10:52:36
NDO - Positive messages from the European Union and US President-elect Joe Biden offer hopes of a de-escalation in transatlantic trade tensions. 

An opportunity to change

  Jan 14, 2021 17:10:06
NDO – The goal of “carbon neutrality” was once again reiterated by United Nations Secretary-General Antonio Guterres at the recent COP26 Roundtable on Clean Power Transition. “To achieve net zero emissions by 2050, we need an urgent transition from fossil fuels to renewable energy”, he said. 

New hope for Gulf crisis

  Jan 09, 2021 10:55:36
NDO – The three Arab states in the Gulf (including Saudi Arabia, the United Arab Emirates and Bahrain) and Egypt agreeing to fully restore relations with Qatar is a breakthrough that has thawed relations between the two sides, thus opening up the opportunity to end the crisis in the Gulf that has lasted more than three years. 

Stabilising the oil market

  Jan 07, 2021 10:25:47
NDO – After days of discussion at the first virtual ministerial meeting in 2021, the Organisation of Petroleum Exporting Countries and partners (also known as OPEC+) have agreed to slightly increase their oil production in February and March; however, this applies to only Russia and Kazakhstan. 

A wide open door

  Jan 04, 2021 16:47:52
NDO – African countries are waiting for new opportunities from the African Continental Free Trade Area (AfCFTA), following the historic trade deal officially taking effect on January 1, 2021. This agreement is expected to help Africa stand up to “shocks”, as well as open the trade door for this potential market. 

The world to welcome New Year with many worries

  Dec 27, 2020 14:54:06
NDO – The world has experienced unprecedented challenges due to the impacts of the COVID-19 pandemic in 2020. On the threshold of New Year 2021, despite the “light at the end of the tunnel” seen in the prospects of disease control and economic recovery, a series of difficulties are still predicted to lie ahead. 

An effective remedy

  Dec 23, 2020 17:47:10
NDO – The global labour market has experienced a very difficult period as the “COVID-19 storm” “swept away” many jobs, disturbing enterprises. Financial packages and measures have been introduced by many countries as remedies to "save" businesses and workers, in order to sustainably restore the job market. 

Bright spots of hopes

  Dec 22, 2020 15:40:07
NDO – In recent days, a number of Asia-Pacific economies, including the US, have shown positive signs of recovery, which is considered a bright spot of hopes” in the context of the gloomy global economic picture due to the impact of the COVID-19 pandemic. 

Troubleshooting crisis in Middle East and North Africa

  Dec 22, 2020 12:49:15
NDO – The Middle East and North Africa (MENA) region has witnessed many fluctuations in 2020 with the extremely tense relations between Iran vs the United States and allies, as well as the continued conflicts in many countries. However, the “light at the end of the tunnel” has also emerged on the journey to seek peace and clear deadlocks for regional crises. 

Pioneering mission

  Dec 16, 2020 17:45:51
NDO – 2020 marks the 75th anniversary of the United Nations’ (UN) service to promote global peace and development. In the context that the COVID-19 pandemic is devastating economies, undermining progress in poverty eradication and the realization of sustainable development goals, the UN has played a key role as well as maintained its pioneering mission in facilitating international cooperation to respond and overcome common challenges.