Routed through new hubs and expanded criminal networks, international cocaine trafficking has made a dramatic surge after an initial slowdown caused by the emergence of Covid-19, the UN Office on Drugs and Crime said in a report.
Criminal networks are now diversifying with alarming results alongside record levels of production, moving beyond the pandemic and its related global shutdown, which had appeared to have temporarily hobbled the illicit trade, UNODC said in its Global Report on Cocaine 2023.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.