Nearly 30 percent of the population in Latin America is living in poverty, according to a report released Thursday by the Economic Commission for Latin America and the Caribbean (ECLAC).
The report entitled "The Social Panorama of Latin America 2013, " presented at the United Nations agency's headquarters in Santiago, Chile, said the number of Latin Americans living in poverty…Read more
The White House is working to extend unemployment benefits to long-term jobless Americans, arguing that if the benefits do not get renewed by the end of the month, more than 1 million people will lose the assistance and slow economic growth.
The White House and fellow Democrats want to continue a program giving federal jobless benefits to people after their…Read more
Prime Minister Abdelmalek Sellal announced Wednesday during a meeting with civil society at the end of his working visit to Biskra, a program of further development amounted to DZD28.986 billion allocated to 450 operations.
Sellal stressed that the areas covered by this program are housing and urban planning, public works, water resources, agriculture and forestry, industrial development and investment promotion,…Read more
A total of 50 African projects, worth US$ 68 billion, financed by the New Partnership for Africa’s Development (NEPAD) are due to be achieved by 2020, said Thursday in Paris Minister for Maghreb and African Affairs Madjid BouguerraRead more
Shura Council's Financial and Economic Committee Chairman Khalid Hussain Al-Maskati affirmed the need to continue the efforts aiming to achieve GCC economic complementarity and unifying trade regulations and policies through taking advantage of the agreements signed by member states with the main international economic blocs.
He Pointed out that the Legislative Branch in Bahrain supports this approach through the enactment…Read more
A major Chinese drug maker said on Thursday that it is preparing to appeal massive antitrust fines ordered by a U.S. court.
The United States District Court for the Eastern District of New York ruled on Nov. 26 that Hebei Welcome Pharmaceutical Co., Ltd., subsidiary of the North China Pharmaceutical Group Corp. (NCPC), must pay 153.3 million U.S. dollars in…Read more
International Monetary Fund (IMF) Managing Director Christine Lagarde said here Thursday that South Korea needs to enhance its economic dynamism through service and labor market reforms.
Speaking at a press conference, she said, "I am convinced ( South) Korea can enhance its economic dynamism by making its growth more broad-based and inclusive - less segmented and more welcoming of women…Read more
The Albanian government debt to businesses for unpaid public works until August 31 is estimated at 24.6 billion leks(246 million U.S. dollars), Finance Minister Shkelqim Cani said at a news conference on Wednesday.
"My aim, not the government's pledge, is to clear the debt in a single tranche, not in several tranches, aiming at stimulating the economy," Cani said.
German people would have an average of 586 euros (795 U.S. dollars) more to spend in next year, a study showed on Wednesday.
Market research institute GfK forecasted that in 2014, the total purchasing power in Germany would be 1,705.4 billion euros. Based on current population of around 80 million, Germans would have an average of 21,179 euros to pay…Read more