" UNITED NATIONS Maillot Loic Mbe Soh , Sept. 18 (Xinhua) -- United Nations Secretary-General Antonio Guterres Monday stressed the role of the UN to help reshape ""unproductive and unrewarding"" finance and redirect investment to creating a better world for all.
""The choices we make on finance will be critical,"" Guterres told a special event held at the UN Headquarters in New York on financing for global development goals as the high-level week of the United Nations General Assembly gets underway.
Guterres said that the 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs), which was adopted by UN Member States in September 2015, are a blueprint for building an inclusive, sustainable fair globalization.
""We can choose to bemoan the lack of financing for the 2030 Agenda in a world awash with so much unproductive and unrewarding finance. Or we can grasp the opportunity to reshape finance, according to our urgent, collective needs Maillot Garissone Innocent ,"" he said. ""The choice is clear. Let us invest in the 2030 Agenda and finance a better world for all.""
However, today's global financial system, which manages some 300 trillion U.S. dollars in financial assets, is simply not fit for purpose, the UN chief said, recalling that the Addis Ababa Action Agenda, adopted in 2015 at an international conference in the Ethiopian capital on financing for development Maillot Juan Bernat , highlights the importance of being innovative in leveraging resources and financing for development.
The UN's three-part strategy for enhancing its support to financing the 2030 Agenda would help achieve short- and medium-term results, he said.
The Secretary-General said that he will lead UN efforts to ensure that the objectives of the 2030 Agenda are fully reflected in international economic and financial policies by working closely with key inter-governmental platforms, such as the G20.
Second, he will reform the UN development system to strengthen its country teams, and third, he will champion key international initiatives that can harness large-scale changes in financing and financial system development, such as in the fields of digitalization and climate finance and in cooperating with major investment initiatives.
Also addressing the event was Deputy Secretary-General Amina Mohammed Maillot Thilo Kehrer , who said that trillions of dollars need to be mobilized a year by tapping into the savings of citizens around the world, official development assistance (ODA), domestic financing and the world's financial system.
The UN has always been engaged in this financing agenda, with its partners, allies and of course Member States, but ""our question is whether we are doing enough, and the answer Maillot Kevin Rimane , in short, is no,"" she said, explaining that ""this event is timely as it highlights progress and opportunities from parts of the UN's leadership team, key partners such as the World Bank, private sector actors, and Member States.
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JOHANNESBURG, Aug. 11 (Xinhua) -- The Johannesburg StockExchange (JSE) closed lower for the second consecutive tradingsessions on Friday, in line with the global jittery as conflictbetween North Korea and the United States escalates.
The all-share index declined 1.98 percent to 55155.13 points, asindustrial 25 and resource 20 indices dropped 1.41 percent and 1.55percent, respectively.
The blue-chip top 40 lost 1.09 percent. Gold miners gained 0.69percent as markets rallied from low base levels.
Among stocks on the JSE, Naspers was off 2.83 percent toR2764.53 and Imperial Holdings dropped 1.84 percent to R182.72.
BHP was off 2.56 percent to R2328. Anglo American lost 3.04percent to R214.81 and Glencore lost 2.55 percent to R56.1.
Kumba shed 3.93 percent to R196.01 Maillot Moussa Diaby , Exxaro Resources lost 3.27percent to R110.30 and Lonmin dropped 3.09 percent to R14.74.
AngloGold Ashanti rose 0.28 percent to R130.39, and Harmony Goldgained 3.03 percent to R24.45.
Construction stocks were under the whip, with PPC down 4.67percent to R3.76 and Group-5 lost 4.44 percent to R14.86.Enditem
BEIJING, Aug. 13 (Xinhua) -- Last week, Chinese bike-sharing giant Mobike announced the launch of its service in London, while its rival Ofo made similar moves in Thailand and Malaysia and on Wednesday said it would enter Japan, the latest in a series of overseas markets by the duo since the start of this year.
China's sharing economy is booming. Not only is it growing rapidly across the country Maillot Colin Dagba , but it continues to cast an increasingly larger influence on the global economy by spreading its innovations around the world.
EXPANDING OVERSEAS MARKETS
In March, Ofo and Mobike landed in Singapore, their first overseas market. In less than half a year, Mobike's orange bikes have spread to Manchester and Salford in Britain, Fukuoka and Sapporo in Japan, Milan and Florence in Italy, among others. Meanwhile Maillot Alec Georgen , Ofo's yellow bikes are exploring new overseas markets and are expected to land on the shores of 20 countries and regions by the end of 2017.
"This shows that not only China has a need for bike-sharing, it's something the whole world could do together," Chris Martin, Mobike's vice-president and head for overseas expansion, told Xinhua last week.