Seven years after the Arab Spring, little has been done to address youth unemployment in Tunisia, a key factor in extremist groups’ ability to recruit marginalized youth, rights groups and experts warn. “Someone who is marginalized with nothing to lose, no stability …
New U.S. claims for jobless benefits fell for the third week in a row, hitting their lowest level in nearly 49 years for the third straight week, the Labor Department reported Thursday. The new figures suggest the U.S. economy’s vigorous …
The world is making progress in its efforts to lift people out of extreme poverty, but the global aspiration of eliminating such poverty by 2030 is unattainable, a new report found. A World Bank report released Wednesday says the number …
Alibaba Chairman Jack Ma said Wednesday that the Chinese e-commerce giant had canceled plans to create 1 million jobs in the U.S., blaming the ongoing trade war for the decision, according to Chinese news agency Xinhua. “This commitment is based …
Chinese technology billionaire Jack Ma has rescinded his offer to create 1 million new jobs in the United States, saying it is no longer possible with the escalation of trade disputes between the world’s two biggest economies. The Alibaba chief …
Canada said on Wednesday that it would need to see movement from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Although …
Kenya’s Finance Minister Henry Rotich has cut the government’s spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday. The government is facing a tough …
Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online platforms where virtual currencies …
Alibaba chairman Jack Ma’s surprise announcement last week that he would step down as head of the world’s biggest e-commerce company, has sparked animated discussions on what would be his next career move and whether the Chinese government was behind …
China says it has no choice but to retaliate to U.S. President Donald Trump’s 10 percent tariffs on $200 billion in Chinese goods, risking a further escalation of trade tensions between the world’s two biggest economies. On Tuesday, China announced …
Africa has the globe’s fastest-growing youth population as well as 10 of the poorest countries, a volatile combination that warrants making it “the world’s most important priority for the foreseeable future.” The Bill & Melinda Gates Foundation lays out that …
The Asian Development Bank said on Tuesday it is expanding its presence in the Pacific islands, at a time of competition for influence there, opening seven new country offices and expecting its loans and grants in the region to top …
Francisco Javier Jaramillo and Victor Chavez should be picking sweet potatoes at a North Carolina farm and sending much-needed money to their families in Mexico. Instead, Hurricane Florence has forced the migrant workers to evacuate their farm and seek refuge …
President Trump imposed tariffs on an additional $200 billion worth of tarrifs Chinese goods coming into the U.S., continuing an ongoing trade war between the two countries. The new import taxes begin next week and will rise to 25 percent …
With his popularity ratings in freefall, French President Emmanuel Macron is counting on a rebound in family purchasing power to keep voters from turning against his reforms. Macron’s government has lined up several tax cuts taking effect in the coming …
A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 to 5 percent of the country’s economic output for the next one to two years, adding that there would likely be …
Nigerian President Muhammadu Buhari on Friday accepted the resignation of Finance Minister Kemi Adeosun, who said she stepped down over allegations of using a forged certificate to avoid participation in the country’s mandatory one-year national youth service scheme. Adeosun, a …
More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labor market will change in coming …
Aid money urgently needs to be redirected to the poorest countries in order to reach the United Nations’ goal of ending extreme poverty by 2030, according to a report. The London-based Overseas Development Institute (ODI) says middle-income countries receive more …
U.S. media reports said Friday that President Donald Trump has instructed aides to proceed with tariffs on $200 billion more in Chinese products. Citing sources familiar with the matter, Bloomberg and Reuters said the president wanted to move forward with …
The Turkish central bank caught international markets by surprise Thursday as it aggressively hiked interest rates in an effort to strengthen consumer confidence, stem inflation and rein in the currency crisis. Interest rates were increased to 24 percent from 17.75 …
Cuba’s street vendors are bringing back the pregon, the art of singing humorous, rhyming ditties with double entendres about the goods they are selling, with some modernizing the tradition by setting their tunes to reggaeton. The pregon is a centuries-old …
Even before U.S.-China trade tensions began escalating dramatically, foreign businesses who operate in China were warning about the impact tariffs could have. And now, according to a newly released joint survey from the American Chamber of Commerce in China and …
A new report by Transparency International suggests foreign bribery is alive and well. The report, by the Berlin-based, anti-corruption watchdog, suggests little has changed in recent years in the way governments enforce their anti-bribery laws. Today, only seven major exporting …