Economy
Economic Slowdown May Force Workers Into ‘Lower Quality’ Jobs
Finding a decent and well-paid job is likely to be harder this year, thanks to the continuing global economic downturn, the UN labour agency said on Monday.
https://news.un.org/en/story/2023/01/1132467
Bank of Russia Seeks to Outlaw Mining and Trading of Crypto
Russia’s central bank proposed a blanket ban on the use and creation of all cryptocurrencies within one of the world’s biggest crypto-mining nations, citing the dangers posed to the country’s financial system and environment.
Crypto bears the hallmarks of a pyramid scheme and undermines the sovereignty of monetary policy, the central bank said in a report Thursday.
https://www.bloomberg.com/news/articles/2022-01-20/russia-s-fsb-tells-nabiullina-to-ban-crypto-to-defund-opposition
Greece parliament approves job cuts
New law to pave way for 2,000 immediate civil service layoffs and more taxes as part of bailout deal with EU and IMF.
The Greek parliament has voted to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country's international creditors.
http://www.aljazeera.com/news/europe/2013/04/2013428212257804470.html
Iran to increase cash handouts
Monthly payments to citizens to be boosted by more than 50 per cent as inflation soars and currency depreciates.
Iran is boosting the monthly cash payments it gives to its citizens by more than 50 per cent, the Iranian labour news agency has reported, as soaring inflation and the depreciating rial continue to bite deep into the national economy.
The increase will soon be deposited in recipients' accounts, the head of the organisation for targeted subsidies, Behrouz Moradi, was quoted as saying on Sunday, but cannot be used until the second phase of the government's subsidies plans is launched.
http://www.aljazeera.com/news/middleeast/2012/03/201232518497295309.html
Hong Kong workers to enjoy minimum wage for first time Hong Kong has introdu...
Hong Kong workers to enjoy minimum wage for first time
Hong Kong has introduced a minimum wage that is expected to benefit 270,000 low-paid workers, or around 10% of the working population.
The legislation was passed in response to public pressure to narrow the territory's wealth gap.
But the minimum wage has been resisted by the business community, who say it is too costly.
Business leaders say small businesses will be forced to lay off staff.
"The employers now cannot squeeze the lowest paid sectors of society," said Lee Cheuk-yan, general secretary of the Hong Kong Confederation of Trade Unions and a legislator.
http://www.bbc.co.uk/news/business-13248027
Obama warns nations not to rely on exports to US President Barack Obama h...
Obama warns nations not to rely on exports to US
President Barack Obama has said no nation should rely on exports to the United States for growth.
He was speaking in Yokohama in Japan on the sidelines of the Apec summit.
Mr Obama said countries with a large surplus must take steps to boost domestic demand - in an apparent reference to China and Japan.
http://www.bbc.co.uk/news/world-asia-pacific-11748433
Migrants feel recession aftermath Migrant workers are suffering worst in th...
Migrants feel recession aftermath
Migrant workers are suffering worst in the aftermath of the global recession, according to a special report commissioned by the BBC World Service.
Foreign workers in developed nations are more likely to be jobless than their native-born counterparts, as the employment gap widens between the two.
At the same time, immigration to developed countries has slowed sharply.
But despite the job losses among migrant workers, the overall amount they send in remittances to their families back home fell less than expected last year and is expected to bounce back.
http://www.bbc.co.uk/news/business-11295139
Obama pledges revamp of foreign aid policy President Barack Obama has told ...
Obama pledges revamp of foreign aid policy
President Barack Obama has told the UN a revamped US foreign aid policy will help lift nations out of poverty by focusing on good governance and encouraging trade and investment.
Mr Obama told the UN summit in New York on the Millennium Development Goals that the focus should be on development, not dependence.
But he insisted helping poor nations was in the US national interest.
http://www.bbc.co.uk/news/world-us-canada-11394443
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Kremlin warily watches Kaliningrad
In the latest sign of growing unrest in the country, opposition and human rights activists across Russia are preparing to stage the Day of Wrath protests against higher utility prices, unemployment and lower living standards.
http://english.aljazeera.net/focus/2010/03/2010318122821201821.html
Toyota president says recall-hit firm 'grew too fast' The boss of Toyot...
Toyota president says recall-hit firm 'grew too fast'
The boss of Toyota has admitted that the firm's rapid expansion might have prompted safety issues which led to 8.5 million vehicles being recalled.
http://news.bbc.co.uk/2/hi/business/8529950.stm
Boeing Executive Sees Airline Traffic Recovery in 2010 The chief executive ...
Boeing Executive Sees Airline Traffic Recovery in 2010
The chief executive of Boeing’s commercial jet division on Monday sought to dispel some of the pessimism at this year’s Paris Air Show, arguing that the global economy was showing signs of a recovery and predicting a resumption of growth in airline traffic as early as 2010.
http://www.nytimes.com/2009/06/16/business/global/16boeing.html?_r=1&ref=business
French President Calls for Regulation of Globalization
French President Nicolas Sarkozy is calling for improved regulation of financial markets and globalization to get the world out of its economic slump. Mr. Sarkozy is one of nine heads of state and government participating in a three-day Global Jobs Crisis Summit organized by the International Labor Organization in Geneva.
http://www.voanews.com/english/2009-06-15-voa55.cfm
UPDATE 1-Canada's Harper calls U.S. deficit "dangerous"
Canadian Prime Minister Stephen Harper called the U.S. deficit "dangerous" on Monday and said it would eventually require tax increases -- a path he said his Conservative government would avoid.
http://www.reuters.com/article/bondsNews/idUSN1523566320090615
Foreign ministers rebuke protectionism A meeting of foreign ministers ended...
Foreign ministers rebuke protectionism
A meeting of foreign ministers ended Tuesday in Hanoi, with officials rejecting protectionism as a cure for the global financial crisis.
http://www.upi.com/Top_News/2009/05/26/Foreign-ministers-rebuke-protectionism/UPI-74461243378232/
First French Military Base Opens in the Persian Gulf PARIS, May 26 -- France...
First French Military Base Opens in the Persian Gulf
PARIS, May 26 -- France inaugurated its first military base in the Persian Gulf on Tuesday, underlining an ambition to help meet the strategic challenge from Iran and capture a share of the region's rich arms market for the French defense industry.
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602994.html
World Bank dismisses protectionism If the leaders feel t...
World Bank dismisses protectionism
If the leaders feel they are running out of constructive tools, they might start to point fingers and take protectionist and isolationist actions and those are the negative spiral of eventsthat leads to economic downturn.
http://english.aljazeera.net/news/europe/2009/03/2009313175858509284.html