Europe’s southern neighbourhood is an erupting volcano. But positive trends are at play that represent North-South hope, and even convergence, write Franco Bassanini, Jean-Louis Guigou and Miguel-Angel Moratinos.
Focusing development and traditional finance towards low carbon energy efficient infrastructure will fight climate change, help the world meet sustainability targets and boost global economic productivity, the world’s finance ministers have been told.
The large-scale migration of people from poor countries to richer ones will “reshape economic development for decades” but could help end extreme poverty and increase global prosperity if the flow is properly harnessed and regulated, according to the World Bank.
A conference in Cape Town, South Africa, attended by ministers and government representatives of 28 countries, called for increased development of renewable energy, with rural needs being met with grid and off-grid solutions.
One of the limitations of the current international financial system is the relative inability to provide desired levels of international finance for development, says a report by the United Nations Conference on Trade and Development (UNCTAD) published today (6 October).
The European Commission’s plan for a Capital Market Union (CMU), brought the false promise of growth by supporting small and medium-sized businesses. In reality, it serves the interests of big investment banks, write a coalition of NGOs.
Three scientists from Japan, China and Ireland whose discoveries led to the development of potent new drugs against parasitic diseases including malaria and elephantiasis won the Nobel Prize for Medicine on Monday (5 October).
The World Bank has changed its poverty indicator and lifted 200 million people out of extreme poverty. Critics have said this change calls into question recent progress in poverty reduction. EurActiv France reports .
European satellite operator Eutelsat Communications and social media giant Facebook said today (5 October) they are working jointly to deliver satellite broadband Internet to connectivity-hungry sub-Saharan Africa.