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Tag Archives: economy

Jobless millions to haunt India election

New Delhi, India | AFP | Vishal Chowdhary is young, bright and armed with an MBA. But he has spent two years struggling to find work in India’s sluggish jobs market — a major headache for Prime Minister Narendra Modi ahead of looming elections. The government’s failure to create enough …

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Total unveils ‘significant’ offshore S. African gas find

Cape Town, South Africa | AFP | French energy giant Total unveiled Thursday a “significant” gas discovery off the coast of South Africa, an event that President Cyril Ramaphosa called a game-changer. The find could boost the nation’s struggling economy and reduce reliance on imports. “Total has made a significant …

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Ensuring basic income

  The breakdown of welfare state income distribution systems has created 8 giants to be battled COMMENT |  Guy Standing | Project Syndicate|  In 1942, William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognised that the old social protection system had …

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Pound falls as May plans fresh Brexit assault

London, United Kingdom | AFP | The pound dropped Monday following weak UK construction data and as Prime Minister Theresa May seeks to try and finally unlock the Brexit stalemate. London’s benchmark FTSE 100 index, featuring large multinationals earning in dollars and euros, climbed to a two-month high above 7,000 points thanks to the weaker …

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‘Significant progress’ expected in China trade talks: US official

Washington, United States | AFP | The United States hopes to make “significant progress” during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce declared in December before US tariffs on hundreds of billions in Chinese exports are …

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