El Niño and La Niña are natural phenomena which WMO describes as “major drivers of the Earth’s climate system”. After a three-year La Niña spell, which is associated with ocean cooling, the world faces an 80 per cent chance of an El Niño event developing between July and September. Tell-tale...
In a new report, UNCTAD projects that annual growth across large parts of the global economy will be below pre-pandemic levels in 2023. High interest rates combined with soaring debt levels will add to the “crushing” effect on developing countries over the coming years, to the tune of at least...