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OECD Unemployment Rate Remains Stable at 4.9% in July 2025
The unemployment rate was steady in 20 countries and dropped in 11 countries. Greece and Norway saw the greatest declines, and it increased slightly in Ireland and Sweden. In some countries like Japan, Korea, and Slovenia, the unemployment ratio is less, which is below 3 percent, and 14 other countries reached a minimum of 1 percent higher than their all-time lows
2025 Global Innovation Index: Switzerland Tops Rankings, China Enters Top 10 for First Time
As stated by WIPO’s 2025 Global Innovation Index (GII), Switzerland ranks first and is followed by Sweden, the United States of America, the Republic of Korea, and Singapore. The Netherlands, Denmark, Finland, the United Kingdom, and China (which ranked in the top 10 for the first time) complete the list. The GII uses over 80 factors to assess roughly 140 economies, including high-tech exports, venture capital, R&D levels, and IP registration statistics
Uniting for a Better Future: UNGA 80 Marks 80 Years of Global Cooperation and Action
High-level government and civil society representatives gather throughout the city every September to work together to address the most pressing problems affecting society worldwide. There is more excitement this year because it is the UN’s 80th session, which is a significant milestone. Thus, there will be opportunities for introspection about the UN, as well as to establish actions for future work
India's Ports and Shipping Industry Set for $82 Billion Investment Boost
India’s ports and shipping industry are changing rapidly, and more than $82 billion in investments are expected in the wake of all the infrastructure projects designed to create greater efficiency and promote economic growth. The economy and processed over 819 million metric tonnes (MMT) of cargo at major Indian ports in FY 2023-24, reflecting the industry’s growing capacity
Global School Meal Programs Soar: 466 Million Children Fed, 80 Million More Than in 2020
The World Food Programme notes that approximately 80 million more children now receive school meals than in 2020, bringing the total to about 466 million, a 20% increase overall. The increase in coverage is strongest at the points of greatest need: low-income countries increased coverage by roughly 60% in two years, and in Africa, there are about 20 million new daily school meals being served
ECB Maintains Interest Rates Amid Stable Inflation and Moderate Growth
The European Central Bank has decided to keep interest rates unchanged, citing stable inflation and moderate economic growth amidst global uncertainty. Financial stability continues to be helpful towards growth. The interest rates by commercial entities are lower, and loans against property are stable, which helps the expansion of credit
India's Economy Shows Resilience and Strong Growth Amid Global Uncertainty
The number of e-bills reached a record level, while the manufacturing PMI reached a 16-month peak, and the services continued to expand, along with the growing trade confidence. The trend of consumption was also healthy; rural demand was buoyed by a favorable monsoon, while urban markets showed strength through high FMCG sales, UPI transactions, and an increase in vehicle purchases
Ireland's Child Poverty Summit Calls for Urgent Action to Address Systemic Barriers
At the Child Poverty and Well-being Summit in Dublin, One Family, an organization that advocates for single-parent families, called on the Irish government to address the structural barriers that keep families trapped in poverty. With Budget 2026 around the corner, the organization stated the government must act quickly in the areas of housing, childcare, and social welfare to tackle reductions in child poverty
Digital Divide Widens: Developing Countries Left Behind in FDI Surge
The global digital divide will probably be exacerbated by the uneven increase of investment throughout digital development, which will leave many nations missing out on the economic and technological advantages enjoyed by a small number of nations
Global Military Spending Hits Record $2.7 Trillion: A Threat to Peace and Sustainable Development
A $2.7 trillion record for worldwide military expenditure in 2024, pursuant to a ten-year increasing trend, while SDGs strive to gain progress. It was assumed 20% of the Sustainable Development Goals are concentrated in the year 2030, and the yearly financial insecurity will rise up to $6.4 trillion
Bridging the Youth Job Gap: A Call to Action for Governments and Private Sector
Over 1.2 billion youth from emerging economies, or at-risk countries, will be entering the labor market. The situation is a bit dire since estimates say only about 420 million new jobs will be created in that time span. The gap is plainly an opportunity for looking for new solutions that hopefully will create jobs at scale and provide youth with the skills to work in an environment that is rapidly changing
Bridging the Digital Divide: $2.6-2.8 Trillion Needed to Connect 1/3 of Global Population
Saudi Arabia has calculated that it would require between 2.6 and 2.8 trillion dollars to provide internet access to everyone worldwide by 2030, as outlined in the Connecting Humanity Action Blueprint. The report emphasizes the required investment in infrastructure, skills, affordability, and regulatory frameworks if we want to connect the 1/3 of the global population not yet connected to the Internet
£8 Million Boost for Welsh Arts: 40 Organizations Receive Funding for Cultural Growth
Investment in theaters, galleries, cinemas, and art-based community centers by the government will ensure institutional development and generate interest among future generations by enjoying Welsh culture, heritage, literature, and language. This would be their part of economic growth from art sectors, will generate employment, and will generate income for local businesses
IFC Makes Historic $20 Million Investment in Bhutan's Power Sector for Enhanced Electricity Reliability
This financing, with the support of the Private Sector Window of the International Development Association, will bring Bhutan its first Bhutanese Ngultrum (BTN)-linked loan, create IFC’s first infrastructure investment in Bhutan, and be the first investment in the power distribution sector in Asia by a state-owned enterprise
1 Billion People Suffering: Global Mental Health Crisis Demands Urgent Action
In high-resource countries, spending on mental health can be as high as US$65 per person and can be an extremely low US$0.04 in low-resource settings. Globally, the number of 33 mental health workers per 1,00,000 of population shows that they are from developing areas. In regard to service delivery, there still remains a very low percentage of countries (fewer than 10%) that have completely transitioned to care based on communities
Ireland's Well-being Report Highlights Progress and Persistent Challenges
The 2025 report analyzes 35 indicators in 11 dimensions. The indicators show significant advancements and difficulties but do not fully capture Irish life. Ireland has experienced advancements in a variety of areas over the past five years. Stronger government finances improved access to increased income and wealth, as well as less loneliness and increased social ties and participation
Poland’s Defense-Led Growth Strategy: Highest NATO Defense Share and Its Economic Trade-offs
The national security establishment in the amount dedicated to defense spending (4.8 percent of GDP). At about 200 billion zloty (about US$55 billion) in defense spending, it will be the highest level of spending associated with NATO's event, less than their goal of two percent of GDP
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
