Finance & Economics | WPN World People News

Despite the strong economic performance and sustained reform momentum over the past few years, Portugal entered the COVID-19 crisis with undersized capital markets. These markets must now be mobilised to support a resilient, dynamic and sustainable recovery, according to a new OECD report.

Governments and regulators should urgently work together to improve the data used for environmental, social and governance (ESG) investing, according to a new OECD report.

The World Food Progamme is running preventive nutrition and treatment programmes in refugee settlements in Uganda, to support families during the coronavirus pandemic.

The international community continues to make progress towards strengthening developing countries' ability to effectively tax multinational enterprises, despite the adverse impact of the COVID-19 crisis on domestic resource mobilisation efforts.

The European Commission has on 28 Sept. 2020 launched a new Customs Union Action Plan setting out a series of measures to make EU customs smarter, more innovative and more efficient over the next four years. The announced measures will strengthen the Customs Union as a cornerstone of the Single Market. They also confirm its major role in protecting EU revenues and the security, health and prosperity of EU citizens and businesses.

Seafarers are on the front line of the COVID-19 pandemic, playing an essential role in maintaining the flow of vital goods, such as food and medical supplies.

Martha Maocha runs a detergent manufacturing company but has recently started making hand sanitising gel which protects against COVID-19.

Syrian adolescent girls use a smartphone outside a technology lab in Damietta Governorate, Egypt.

Free allowances still make up over 40 % of all available allowances under the EU’s ‘cap and trade’ emissions trading system (ETS), according to a new report by the European Court of Auditors (ECA).
These free allowances, distributed to industry, aviation and, in some Member States, the electricity sector, were not well targeted. In addition, the speed of decarbonisation in the power sector was
significantly reduced. The Commission needs to update its procedure for targeting free allowances to reflect the Paris Agreement and recent developments.