As the world struggles to contain the COVID-19 pandemic and mitigate its impact on our lives and livelihoods, it should be clear to everyone that international cooperation is the only effective way to win the battle. National responses are vital, but in the medium term, multilateralism will be our best weapon in this fight – and our best defence against future global threats.My country, Spain, is on the front lines of the pandemic.
The COVID-19 pandemic has cast a pall over the global economy, making it impossible to anticipate even the near future. Restrictions on cross-border movements, along with national lockdowns, are rapidly reducing global production and consumption, and disrupting value chains. Growing uncertainties are creating a vicious circle, as the contraction in the real economy spills over into the financial sector, in turn reducing credit to non-financial firms.
This week, leaders from medicine, economics, politics, and civil society are uniting to demand immediate and coordinated international action – in the next few days – to mobilise the resources needed to address the COVID-19 crisis, prevent the current health catastrophe from becoming one of the worst in history, and avert a global depression.
The contrast between the silence of Europe’s streets and squares and the tumultuous, painful reality in many of its hospitals is heart-breaking. COVID-19 has not only Europe but the entire global community in its grip. It is already clear that the pandemic will reshape our world. But precisely how will depend on the choices that we make today. The coronavirus should be seen as the world’s common enemy.
I was recently walking along East 29th Street in Manhattan, after visiting a friend at Bellevue Hospital, when I was roused from my thoughts by a middle-aged white male screaming at an old Chinese man, “Get the f**k out of my country, you piece of Chinese s**t!” The old man was stunned. So was I, before I bellowed back (deploying the full range of my native Australian vocabulary), “F**k off and leave him alone, you white racist piece of s**t!” The pedestrian traffic stopped.
The deadly coronavirus epidemic could put an already fragile global economic recovery at risk, the International Monetary Fund (IMF) warned Sunday, as G20 financial chiefs voiced "real concern" over its economic ripple effects.Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, IMF chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh.But the projected recovery was &quo
As two of the most successful regional blocs in the world, the European Union (EU) and ASEAN have been cooperating across a wide range of sectors since formalising dialogue relations more than 40 years ago.While trade and investment were the traditional pillars of this relationship, the two bodies have been working together in fields such as science, technology and energy as far back as 1980 when a joint committee established a programme of cooperation.
Chinese President Xi Jinping urged United States (US) President Donald Trump to "show flexibility" towards North Korea, including the "timely" easing of sanctions, at the Group of Twenty (G20) summit last week, China's foreign minister said Tuesday.Xi visited North Korea prior to meeting Trump at the G20 in Japan on Saturday, and analysts had said the Chinese leader could use the trip as leverage in his trade war talks with the US leader.Trump met North Korean leader
World leaders gathered in Japan Friday for one of the most high-stakes and fractious Group of Twenty (G20) meetings in years, with a bruising United States (US)-China trade war, geopolitical tensions, and climate change on the agenda.The two-day summit in the city of Osaka will be dominated by trade issues, with all eyes on whether US President Donald Trump and Chinese President Xi Jinping can reach a truce in a dispute that has been hugely damaging for the world economy.But world leaders wil
The leaders of the Group of Twenty (G20) countries head to Osaka this week for their annual summit. United Nations (UN) Secretary-General António Guterres will address them before traveling to Abu Dhabi to finalise the arrangements for September’s UN Climate Action Summit. These meetings should set the world on course for the fastest economic transition in history.
Hong Kong stocks rallied Monday, leading most Asian markets higher after last week's losses, with investors cheering a decision by the city to suspend plans to push through a controversial extradition law.Investors are also moving cautiously ahead of two huge market-moving events: the Federal Reserve policy meeting this week with its plans for interest rates in focus, and the G20 summit next week where Donald Trump and China's Xi Jinping are due to hold trade talks.Investors returne
United State (US) President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.The truce between the US and China emerged after a highly anticipated dinner Saturday between Trump and Xi on the side-lines of the Group of 20 (G20) summit in Argentina.