Urgent.News

What's breaking now, across thousands of outlets.

Business

UN Secretary-General calls for boosting investments in developing nations

<p>Doha: The Secretary-General of the United Nations HE Antonio Guterres projected that the artificial intelligence (AI) and technology sectors will shape global economies and production, creating significant opportunities to advance sustainable development. He further urged the private sector to increase investment in developing nations.</p> <p>Speaking during the ninth edition of the World…

UN Secretary-General calls for boosting investments in developing nations

Doha: United Nations Secretary-General Antonio Guterres emphasized the need to boost investments in developing nations, highlighting the role of artificial intelligence and technology in shaping global economies. Speaking at the World Investment Forum, Guterres urged private sector participation in these investments, particularly in renewable energy, technology, and critical minerals.

He stressed that while these sectors represent a significant portion of new global investments, less than a quarter reaches the least developed and low-income countries. The UN chief underscored that the forum provides an opportunity to encourage private sector investment in developing countries and demonstrate global support for commitments made to promote development and investment.

Guterres expressed optimism that the forum would lead to synergies, partnerships, and ambitions, transforming technological potential into an era of prosperity for all.

Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thepeninsulaqatar.com →

More in Business

Tech firms should pay the creators whose work they use | Letter

It could raise up to £300m a year, providing UK creators with additional income, write Barbara Hayes , Tayyiba Nasser , Christian Zimmermann and Paul Seheult Anthropic’s proposal ( AI firm Anthropic to commit 5% of shares to fund for ‘public good’, 19 October ) raises an important question: who should benefit from technological progress?

More from Sunday 25 October →