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One Planet Summit Bats for Green Business

Paris (ABC Live):One Planet Summit: Those who fail to bet on a green economy will be living in a grey future, United Nations Secretary-General António Guterres warned Tuesday, calling for greater ambition by governments, civil society, the private sector and finance partners to help tackle the global climate challenge. “Green business is good business,” the UN chief said, speaking at the opening of …

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World Bank Forecasts Commodity Prices Hike in 2018

WASHINGTON (ABC Live): Commodity Prices  :  Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday. …

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World Bank Confirms Russian Economy Recovery in 2017

Moscow (ABC Live):Russian Economy :The Russian economy has returned to modest growth – amidst positive global growth, a recovery in trade, rising oil prices, and growing macroeconomic stability – according to the World Bank’s latest Russia Economic Report (no. 38 in the series), launched today in Moscow. These shoots have allowed consumer demand and consumption to rise, as the business environment improved, …

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WIPO Calculates Manufactured Goods Intangible Capital Value

Geneva (ABC Live): Manufactured Goods Intangible Capital Value : First-ever figures reveal that nearly one third of the value of manufactured products sold around the world comes from “intangible capital,” such as branding, design and technology, according to a WIPO study of the global value chains companies use to produce their goods. This amount, some USD 5.9 trillion in 2014, shows …

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Know WTO Information Technology Agreement

New Delhi (ABC Live): WTO Information Technology Agreement :The Information Technology Agreement (ITA) was concluded by 29 participants at the Singapore Ministerial Conference in December 1996. Since then, the number of participants has grown to 82, representing about 97 per cent of world trade in IT products. The participants are committed to completely eliminating tariffs on IT products covered by …

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UNCTAD Releases Transformational Energy Access Report

New York (ABC Live): Transformational Energy Access Report : Energy is key to global development, but the world’s poorest and most vulnerable nations fare up to six times worse than their more industrialized counterparts when it comes to accessing the vital resource, the United Nations warned on Wednesday. In its 2017 report on the world’s 47 Least Developed Countries (LDCs), …

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António Guterres Hails Africa Continental Free Trade Area

New York (ABC Live): Continental Free Trade Area : Africa’s industrial development and proposed continental free trade would complement each other, United Nations Secretary-General António Guterres said Monday, marking the UN-proclaimed day for Africa’s industrialization. “This year’s Africa Industrialization Day highlights the links between industrial developmentand Africa’s moves towards establishing a Continental Free Trade Area (CFTA),” Mr. Guterres said in his message for the Day. …

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Deutsche Bank Unveils Climate Intelligence Advisory Services

Bonn (ABC Live): Climate Intelligence Advisory Services : Deutsche Bank has created a new tool to identify the threats that climate change poses to its investment portfolios worldwide, making use of state of the art climate models. In partnership with Four Twenty Seven, a climate intelligence advisory firm, the bank has developed maps and advance climate science models that can …

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SDG Fund Releases Business and SDG 16 Report

New York (ABC Live): Business and SDG 16 Report : Through anti-corruption measures, promoting diversity and supporting justice initiatives, companies play a crucial role in achieving targets in the 2030 Agenda for Sustainable Development on building accountable and inclusive institutions, according to a report released Friday by a United Nations-backed global fund. “While the notion of peace and justice is complex, this …

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Know Global Financial Cycle And Monetary Policy

New Delhi (ABC Live):  Global Financial Cycle :There is a global financial cycle in capital flows, asset prices and in credit growth. This cycle co moves with the VIX, a measure of uncertainty and risk aversion of the markets. Asset markets in countries with more credit inflows are more sensitive to the global cycle. The global financial cycle is not …

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