Of Interest/ESG News
you are currently viewing::Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief WarnsMarch 30, 2025-Fast fashion is accelerating an environmental catastrophe, with the equivalent of one garbage truck's worth of clothing either incinerated or sent to landfill every second, the UN chief warned on Thursday.
Braganza was speaking at the official opening of the 5th edition of the AFRODAD Media Initiative (AFROMedI) held in Sandton, Johannesburg, South Africa recently. With half of the continent currently being in debt distress, Braganza said the need to capacitate the media for the benefit of the public and holding authorities accountable. "Dressing to kill could kill the planet," he stressed. The fashion industry is one of the world's most polluting sectors, responsible for up to eight per cent of global greenhouse gas emissions. Source: allafrica.com |
How Animal Spirits Affect the Economy
March 3, 2025—Viral narratives could be the missing link between emotions and economic fluctuations
Storytelling is central to how we interpret economic events. We recall economic history through haunting images of anxious crowds waiting to take money out of banks during the Great Depression or dejected office workers carrying cardboard boxes out of Lehman Brothers in 2008.
Trump's latest global tariffs, announced on a self-proclaimed 'Liberation Day', will likely cause sharp short-term trade declines-and a significant surge in inflation for the US
March 3, 2025—On 2 April 2025 - his self-proclaimed 'Liberation Day' - President Donald Trump once again announced new tariffs. This time, all US trade partners will face a minimum 'discounted reciprocal tariff' of 10%. For countries with trade surpluses deemed guilty of 'currency manipulation and trade barriers', tariffs could rise to nearly 50%. Southeast Asian export-driven economies will particularly be affected. Major trading partners-such as China (34%), the EU (20%) and Japan (24%)-will face intermediate rates, although they are extremely high by historical standards.
WTO and OECD release expanded dataset on trade in services covering over 200 economiess
February 17, 2025-New data on bilateral trade in services covering over 200 economies from 2005 to 2023 was released by the WTO and the Organisation for Economic Co-operation and Development (OECD) on 17 February.
