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Global Tourism Faced With Multi-Trillion Dollar Hit From COVID-19

PYMNTS

The tourism sector in the United States will take the biggest hit of any country in the world from COVID-19, with China a distant second, a new United Nations study finds. more than $187 billion under the “moderate” scenario calculated in a newly released study by the United Nations Conference on Trade and Development (UNCTAD).

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US Could Face $187B Loss From Tourism Lockdown

PYMNTS

The tourism sector in the United States will take the biggest hit of any country in the world from COVID-19, with China a distant second, a new United Nations study finds. more than $187 billion under the “moderate” scenario calculated in a newly released study by the United Nations Conference on Trade and Development (UNCTAD).

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Today In Payments Around The World: India’s Central Bank Aims To Clamp Down On Shadow Lenders; Global FDI Falls By 42 Pct

PYMNTS

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. Plus, British travelers age 55 and older are powering a formidable rise in trip bookings. trillion in 2019.

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Jack Ma Backs eCommerce As Means For Global Development

PYMNTS

Taking some time away from constructing a global eCommerce empire, Jack Ma, executive chairman of Chinese eCommerce giant Alibaba, recently aligned himself with other philanthropic executives and a UN initiative by saying that the internet should be available to the entire world. And data will be the energy for innovation.”

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UNCTAD report shows an unequal digital global economy

Bankelele

The post UNCTAD report shows an unequal digital global economy appeared first on Bankelele.

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UNCTAD Report shows an unequal digital global economy

Bankelele

The increased use of digital platforms in everyday lives across the world is leading to a divide between under-connected nations from hyper-digitalized societies. The post UNCTAD Report shows an unequal digital global economy appeared first on Bankelele.

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The Deadly Corona: What Will Be The Economic Impact on Bangladesh?

FluentBanking

The world is leaders are taking various actions to stop the spread of the virus. or has a long term impact on the world economy? UNCTAD, the UN trade agency, warned of a slowdown of global growth to under 2% this year, effectively wiping $1 trillion off the value of the world economy. More than 2.00