Tag: global

NEWS

Global Leaders Call For International Pandemic Treaty

Twenty-five heads of government and international agencies have made a joint call for a new treaty that would signal high-level political action needed to protect the world from future health crises. The international community should work together “towards a new international treaty for pandemic preparedness and response” to build a more robust global health architecture that will protect future generations, […]

NEWS

WHO Head Warns — Hoarding Vaccines Will Deepen The Pandemic

World Health Organization (WHO) chief Dr. Tedros Ghebreyesus has warned nations that hoarding possible COVID-19 vaccines while excluding others will deepen the pandemic. Dr. Tedros in his address impressed on countries the importance of joining a global vaccine pact. The WHO has an August 31 deadline for wealthier nations to join the “COVAX Global Vaccines Facility” for sharing vaccine hopefuls […]

NEWS

WHO Sounds The Alarm On COVID-19

The coronavirus pandemic has entered a “new and dangerous phase” as daily Covid-19 cases hit record highs, the World Health Organization (WHO) warned recently. “The pandemic is accelerating. More than 150,000 new cases of COVID-19 were reported [on Thursday], the most in a single day so far,” WHO Director-General Tedros Adhanom Ghebreyesus said during a press conference. Almost half of […]

Jamaica

Jamaica Ranks Sixth On Global Press Freedom Index

Jamaica jumped two places on the Global Press Freedom Index and now ranks sixth among 180 countries that most respect freedom of information.  Published annually by Reporters Without Borders, a non-Governmental Organisation (NGO) based in Paris, the index evaluates the level of freedom available to the media throughout the world. Senator Kamina Johnson Smith, Leader of Government Business in the Upper House, pointed to […]

BUSINESS

Global Stocks Blowout

The global stock market slid to its worst week since the depths of the financial crisis in 2008. This crisis comes against fears that the coronavirus could become a pandemic and derail economic growth. The S&P 500, with a midweek record high, slid 4.4 percent, its worst day since August 2011. The index is down 12 percent since that peak, […]

BUSINESS

Coronavirus Outbreak Pushes Oil Prices Down

Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 300 people. Prices briefly found support after Russian Energy Minister Alexander Novak said Russia was ready to bring forward a meeting of OPEC and […]

Jamaica

Jamaica Set For Global Tourism Growth In Next Decade

According to Jamaica’s Minister of Tourism Edmund Bartlett, the country will strategically position itself to exploit the demands of the global tourism market over the next ten years. He told reporters that the estimates for global growth in the tourism sector could be 1.8 billion international visitors by 2030, with earnings of US$2 trillion. Some 40 million new jobs will […]

NEWS

OECD Warns Increased Risks To Global Outlook

The Organization for Economic Cooperation and Development (OECD) has warned that risks to the global outlook have increased. The OECD in a new report said prospects have steadily deteriorated. It now expects economic activity around the world to expand by 2.9 percent next year, a decline of 0.1 percentage points from a previous forecast issued in September. Growth was likely […]

BUSINESS

Oil Prices Set To Move Downwards

Faced with a buildup of high inventories and global economic slowdown, oil prices are set for their biggest weekly drop for this year. Brent crude rose 12 cents to $67.88 a barrel, but the global benchmark remained on course for a weekly decline of about six percent. U.S. West Texas Intermediate crude was unchanged at $57.91 a barrel. The benchmark […]

BUSINESS Commerce Social media

Canada Gallops Ahead In Legalizing Recreational Marijuana

While countries such as Jamaica and other Caribbean countries continue pussyfooting around the marijuana industry, Canada has jumped ahead to become the first industrialized nation to legalize the recreational use of marijuana. By legalizing marijuana, Canada has positioned itself to capitalize on the huge market potential of the marijuana plant and its by-products. The global legal marijuana market is expected […]