MANILA, Philippines - About 40 percent of global assets belong to the richest one percent of the world’s population, with the bottom half clinging to just one percent, according to a study commissioned by the United Nations.

The study conducted by a group of independent human rights experts appointed by the UN Human Rights Council showed that inequality has increased in most countries and in almost every region for the past decade.

“We live in a very unequal world,” the experts said in the report....

UN: 40% of global assets belong to 1% of population

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A week after pressing Europe to boost its trade ties with Africa in Brussels, the World Trade Organisation’s chief said in Nairobi that leading European economies should look at developing and low income countries as the new globe’s economic growth engine, at a time of decreasing development aid.

Background

The EU is Africa’s biggest trading partner, accounting for about 35% of imports and exports, with China and the United States competing for second. The EU absorbs about 40% of Sub-Saharan Africa’s agricultural exports, compared to 25% traded between African states...

Lamy urges EU to forge closer trade ties with Africa

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NEW DELHI: India's food security law has global significance and it can inspire many countries to come up with similar legislation, a UN official said today.

The Union Cabinet yesterday approved implementation of the food security law through an ordinance to give 67 per cent of the population the right to highly subsidised foodgrains. India is home to 25 per cent of the world's hungry
poor...

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The Hindu Business Line – The United Nations has supported India’s calls for change in World Trade Organisation rules to help secure right to food for developing countries without the threat of sanctions.

The UN Special Rapporteur on the right to food, Olivier De Schutter, has said that developing countries should be granted the freedom to use food reserves for securing food for its poor.

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