Csaba Kőrösi, the president of the 77th session of the General Assembly of the United Nations, which begins on September 13, has advocated for overhauling the organization. Kőrösi discussed the need for the UN, including the General Assembly, to undergo reform and change. He also emphasized the importance of building confidence in order to develop cooperation. The head of the UNGA declared,...

Mexico is encouraged to take part in investment projects run by the United States to make chips and electric vehicles. After conversations with President Andres Manuel Lopez Obrador with U.S. officials, the head of Mexican diplomacy Marcelo Ebrard said that Mexico has been asked to participate in investment initiatives in the manufacture of semiconductors and electric vehicles. After talks...

The Bank of England announced that Elizabeth II-themed currency will continue to be accepted as legal tender. "The famous images of the Queen, the country's first monarch, that appear on Bank of England notes are a representation of the vital task we conduct. Her Majesty the Queen's likenesses on current banknotes will remain legal tender," the regulator said. After mourning, there will be...

The Dutch city of Haarlem will outlaw meat advertising in all public spaces starting in 2024. Local environmentalists believe it will aid in preventing climate change. The Guardian reports that Haarlem will be the first city in the world to outlaw all public advertising for meat and meat products. According to the local authorities, this action will help lessen the effect that livestock has on...

A reduction in Russian gas imports has led to the German nuclear sector intending to delay the final two of its three nuclear power projects until next spring, reports Der Spiegel magazine. German Economics and Energy Minister Robert Habeck will reportedly reveal results of stress tests of German nuclear power facilities to the government Monday evening, according to Der Spiegel. Germany's...

Swiss Ministry of Economy: Switzerland's GDP increased by 0.3% in the second quarter. According to a statement posted on the department's website by the Ministry of Economics, Switzerland's GDP increased by 0.3% in the second quarter of 2022, down from 0.5% in the first quarter. "The Swiss economy expanded by 0.3% in Q2 2022 after growing by 0.5% the previous quarter. The economic recovery has...

In an unsuccessful attempt to monopolize the most cutting-edge technology on the planet and uphold its technological superiority, the U.S. is erecting a technological blockade by banning the sale of computer chips, stated Wang Wenbin, a representative for the Chinese Foreign Ministry. "The American strategy typifies technological hegemony. The United States frequently oversimplifies the idea of...

Moody's cut their estimate for the growth of the world economy in 2022 and 2023. The agency forecasts that the global GDP will increase by 2,5% in 2022 and by 2,1% in 2023. The organization expected earlier that the number will increase by 3.1% in 2022 and by 2.9% in 2023. The projection for U.S. GDP growth was downgraded by Moody's from 2.8% to 1.9% in 2022 and from 2.9% to 1.1% in 2023. The...

Europe needs to make significantly more "sacrifices" than in previous instances of monetary tightening in order to counteract growing inflation. Officials of the European Central Bank (ECB) noted this during a gathering of central bank representatives from around the world in the American state of Wyoming, according to the Financial Times. European central banks "will confront an even larger...