Worldwide

Global Value Chain Trade Reaches Historic Highs, Despite Push for Reshoring

UNITED NATIONS, July 21 (IPS) – Despite rising geopolitical tensions, trade restrictions and calls to bring production back to domestic shores, the global economy remains more interconnected than it may appear. Trade through global value chains (GVCs) reached historic levels in 2024, according to a new report from the Organisation for Economic Co-operation and Development (OECD).

Read the full story, “Global Value Chain Trade Reaches Historic Highs, Despite Push for Reshoring”, on globalissues.org

Global AI Governance Cannot Wait As the Digital Divide Widens

UNITED NATIONS, July 20 (IPS) – Throughout July 2026, various United Nations (UN) bodies and global experts have underscored the need for increased comprehensive artificial intelligence (AI) governance. Although AI yields significant potential gains for global development, persistent structural barriers continue to impede equitable access and deepen the digital divide.

Read the full story, “Global AI Governance Cannot Wait As the Digital Divide Widens”, on globalissues.org

The Oil Market Absorbed the War Shock, but Buffers Are Running Low

WASHINGTON DC, July 17 (IPS) – The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices climb higher? The answer is that a combination of factors helped cushion the initial blow. But much of that room has now been used up.

Read the full story, “The Oil Market Absorbed the War Shock, but Buffers Are Running Low”, on globalissues.org

As Gold Prices Soar, Communities Pay the Price in Poisoned Rivers, Vanishing Forests and Organized Crime

DAR ES SALAAM, Tanzania, July 17 (IPS) – The sweltering heat inside a London conference hall did not deter Indigenous leader Jackeline Mendoza Díaz from condemning the sheer destruction of the Peruvian Amazon. Her voice occasionally trembled with emotion but delivered a strong message — painting a picture far removed from the glittering gold bars traded in the world’s financial capitals.

Read the full story, “As Gold Prices Soar, Communities Pay the Price in Poisoned Rivers, Vanishing Forests and Organized Crime”, on globalissues.org

Renewed Hostilities in the Strait of Hormuz Threaten to Compound Global Supply Chain Costs

UNITED NATIONS, July 17 (IPS) – A continuation of hostilities within the Strait of Hormuz is once again threatening one of the world’s most critical supply chain arteries, posing another wave of disruption which could choke the global energy, shipping and commodity markets. With roughly a quarter of global seaborne oil trade transiting through the Strait, alongside significant flows of liquefied natural gas and fertilizers, further constraints on commercial traffic could send new cost pressures cascading through supply chains that have yet to absorb the full effects of the earlier conflict.

Read the full story, “Renewed Hostilities in the Strait of Hormuz Threaten to Compound Global Supply Chain Costs”, on globalissues.org