The current global economic slowdown is likely to force more workers to accept lower quality, poorly paid jobs which lack job security and social protection, so accentuating inequalities exacerbated by the COVID-19 crisis, according to a new International Labour Organization (ILO) report.
A new multi-institutional report from the World Meteorological Organization (WMO) highlights the great distance between aspirations and climate reality and warns that, if “much more ambitious” measures are not adopted, the “physical and socioeconomic” consequences of climate change “will be increasingly more devastating.”
Organised retail sales volume in the top eight Indian cities is estimated to grow at a CAGR of 17%, from USD 52 billion (bn) in FY 2022 to USD 136 bn by FY 2028. In the same period, potential retail sales in
According to the Deloitte Mental Health Survey, poor employee mental health costs Indian companies an estimated $14 billion a year in absenteeism, low productivity, and job losses. The World Health Organization (WHO) estimates that India bears about 15% of the global mental
Moody’s Investors Service has reduced growth forecasts for G-20 economies and now expects real GDP to rise 2.5% in 2022, down from a May projection of 3.1%, while its forecast for 2023 has been cut to 2.1% from 2.9%. “Global monetary and
Moderna filed a patent infringement lawsuit against Pfizer and BioNtech on Friday, “infringing patents on (its) core mRNA technology platform,” the company said in a press release on Friday. “Moderna believes that Pfizer and BioNTech’s COVID-19 vaccine Comirnaty infringes patents Moderna filed
The World Health Organization confirmed on Wednesday that more than 35,000 cases of monkeypox have already been reported in 92 countries and territories and that the disease has claimed 12 deaths. At a press conference in Geneva, the director general of the UN
The Indian forging sector has expressed concerns to the government over high steel, aluminium, and nickel prices, as the increase in steel prices has damaged the Indian forging industry. As a result, the forging industry is feeling the heat of increasing production
The total number of unemployed young people worldwide is expected to fall to 73 million in 2022, a drop of two million from the previous year, the Geneva-based UN agency said on Thursday. This figure represents a slight improvement on 2021 (75 million),
Today, the world is on the verge of a massive energy crisis, UN experts warn. For the past two years, the energy market has been extremely volatile: during the pandemic, demand fell sharply, and with it, supply; later, when demand arose again, it turned
