Economy
New York: Unemployment is down globally but workers’ conditions have not improved, the UN said on Wednesday, warning that some businesses driven by new technology “threaten to undermine” hard-won social gains of recent decades. more
Global economy to see ‘steady’ growth of three per cent in 2019 despite risks, says UN

New York: The global economy grew at a “steady” 3.1 per cent last year and similar levels of growth are expected in 2019, but these headline figures mask growth that is uneven ...

Global creative economy shows resilience, growth: Report

Washington: With export growth rates of over 7% over 13 years, global trade in creative goods is an expanding and resilient sector buoyed by China, according to a new UNCTAD report.

World Bank President steps down, Chief Executive assumes temporary role

New York: The President of the World Bank, Jim Yong Kim, announced on Monday that he is stepping down, after more than six years in the role. Kristalina Georgieva, CEO of the World Bank C ...

Human rights on film: International festival celebrates mobile phone films for a cause

New York: In honor of the 70th anniversary of the Universal Declaration of Human Rights, marked 10 December, the United Nations has allied with the Mobile Film Festival to host a special ...

China agrees to reduce tariffs on US cars: Donald Trump tweets

Beijing/Washington: US President Donald Trump on Monday said China will 'reduce and remove' 40 percent tariff it had placed on American cars imported into China.

Qatar government announces decision to pull out of OPEC

Doha, Dec 3: Qatar on Monday announced its decision to withdraw from Organization of Petroleum Exporting Countries (OPEC) in order to focus on increasing production of natural gas.

Trade wars and protectionism threaten global shipping, warns UN agency

New York,  Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt it ...

Hyperinflation affecting sex life in Venezuela

Caracas: As Venezuela is witnessing its worst economic adversity in history, it is becoming a factor on how people have sex in the country.

Trump threatens to end WTO-US relationship

Washington: Crying foul, US President Donald Trump has threatened to pull his country out of the World Trade Organization (WTO), if the situation does not change.