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Digital Giants Dominate Global Markets: 7 Companies Control Nearly 50% of Digital Space
The UN Trade and Development (UNCTAD) Global Trade Update, released 8 July 2025, emphasizes today that seven global companies out of ten have now become digital giants across sectors (cloud, e-commerce, AI, and digital advertising). In 2017 their combined share was 21%, and by 2025 it had increased to 48%
Empowering Women for Stronger Economy: The Urgency of Closing the Gap
These gaps create significant economic costs. Women earn 77 cents for every dollar paid to men and are likely to retire with smaller pensions. Gender gaps could increase global GDP by around 20%, but there has been progress at a slower rate. Experts advocate for the urgent acceleration of legal and policy changes needed to include women, as excluding women not only jeopardizes fairness but also economic growth
2 Billion People Still Lack Access to Safe Water, Sanitation
Drinking water coverage increased from 68% to 74%, causing 961 million more people to gain such access, while rural coverage increased from 50% to 60%, although urban coverage stabilized at 83%. Despite these benefits, one of the shocking 2.1 billion people is one in about four that still has safely managed drinking water
Scotland's Economy Sees Robust 0.6% Growth in June 2025, Driven by Services and Manufacturing
Scotland's economy documented a GDP rate that increased 0.6 percent in June 2025. This was released by the chief statistician, highlighting that there is a robust performance compared to May, when the development level earned up to 0.1 percent, suggesting a fall after earlier estimation
EU and Jordan Sign €500 Million Macro-Financial Aid Package to Boost Economic Stability
The agreement signed in Amman represents the fourth MFA program provided to Jordan and underlines the long-term commitment of the European Union under the European Union's Jordan strategic and comprehensive partnership. With the expectation of the first payment within a month, more than two and a half years of support will be issued in three installments
Hyundai Motor Group Boosts US Investment to $26 Billion, Creating 25,000 Jobs
Hyundai Motor Group revealed it plans to increase its investment in the United States to $26 billion by 2028, reinforcing its presence in the U.S. automotive, steel, and robotics segments while indicating South Korea’s growing economic relationship with Washington. This loyalty marks a $5 billion increase over the $21 billion package disclosed in March
Ukraine and Lithuania Strengthen Defense Ties with Historic Agreement
Agreement was signed between the Ukrainian and Lithuanian governments, creating a way for joint defense productivity, and with the help of art drone technologies, it will analyze the developing state for significant progress on Kyiv’s strategy under several areas for cooperation through the agreement
US-EU Landmark Trade Deal: Tariffs Capped, Energy Exports Soar
The European Union announced a $600 billion investment directed towards American strategic sectors such as infrastructure, clean energy, and advanced technology with a view to deepen transatlantic cooperation. Strategically, the deal is seen as a domestic win in Washington that protects jobs, opens new markets, and stops a growing business from war
Gaza Hunger Crisis: UN Agencies Confirm Famine Amid Devastating Conflict
UNICEF estimates that more than 12,000 children were the most malnourished monthly in July since the conflict began. The rate of ruin due to lack of nutrition has been multiplied several times since the beginning of 2025. The latest Integrated Food Safety Classification (IPC) analysis found that more than 640,000 people are facing famine-level food insecurity, a figure expected to move forward if human reach does not improve
Global Growth Stalls: World Bank Sounds Alarm on Economic Outlook
The World Bank's Global Economic Prospects (June 2025) warns of growing economic headwinds. Global development is forecast at just 2.7% in 2025, one of the weakest rates outside the recession in recent decades. Business disruption, investment, and strict financial conditions are overshadowing the outlook, facing the biggest challenges with developing economies
ADB Backs Reko Diq Copper-Gold Project in Pakistan to Boost Global Mineral Supply
The ADB role is to facilitate financial packages. The project is hoped to reopen Pakistan’s economy and expand the world supply of essential minerals. When completed, the Reko Diq will be one of the five largest copper mines globally, which is projected to start in 2028 and will proceed for about four decades
Eurozone Inflation Holds Steady at 2.0%: Mixed Trends Across EU Member States
Inflation on an annual basis for the entire EU was 2.4%, which was likewise unchanged from June and only marginally higher than the 2.3% rate from the previous month. It was also lower than July 2024’s inflation rate of 2.8%. Inflation trends varied particularly across member states
Scotland Takes a Step Forward: £228,000 Fund Empowers Flexible Working Revolution
The Scottish government has introduced three pilot projects designed to assist individuals, especially people with disabilities and people with long-term health issues, in securing jobs, staying employed, and moving forward in their careers. Collectively, the programs will receive £228,000 in government support to encourage flexible working methods and increase workforce diversity in various fields
Finland & Ukraine Unite: Strengthening Ties for a Secure European Future
A strong partnership between Finland and Ukraine, including Finland's continuous support for Ukraine, the status of bilateral relations, intensive integration with the European Union towards Ukraine's passage, and Russia's wide international status of the ongoing war shaping the involvement of Russia
