 Still on the UN, Secretary-General Antonio Guterres has warned the world leaders of the Lumen danger he described as a great fracture, saying the globe is becoming unhinged over economic and trade affairs. Guterres said these while delivering his speech at the ongoing 78th UN General Assembly in New York, US on Tuesday. He also called on them for sweeping changes to multilateral institutions, including reforming the powerful Security Council at the heart of the United Nations and redesigning global financial systems. A multipolar world needs strong and effective multilateral institutions. Yet global governance is stuck in time. Look no further than the United Nations Security Council and the Bretton Woods system. They reflect the political and economic realities of 1945 when many countries in this assembly hall were still under colonial domination. The world has changed. Our institutions have not. We cannot effectively address problems as they are if institutions do not reflect the world as it is. Instead of solving problems, they risk becoming part of the problem. And indeed divides are deepening. Divide among economic and military powers. Divide between north and south, east and west. We are inching ever closer to a great fracture in economic and financial systems and trade relations when that threatens a single open internet with diverging strategies on technology and artificial intelligence and potentially clashing security frameworks. It is eye time to renew multilateral institutions based on 21st century economic and political realities rooted in equity, solidarity and universality and anchored in the principles of the United Nations Charter and International Law. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.