Canada on Friday released a long-awaited sustainable jobs plan, laying out how the federal government plans to help train workers for roles in the coming clean energy economy as the world aims for net-zero carbon emissions by 2050. The plan, to be followed by legislation later this year, includes steps such as setting up a […]
Thousands of members of Tunisia’s powerful UGTT trade union took to the streets of eight cities on Saturday to protest against President Kais Saied’s policies, accusing him of trying to stifle basic freedoms including union rights. The protests in eight cities marked an escalation in the union’s confrontation with Saied and followed its criticism of […]
The death toll from Cyclone Gabrielle in New Zealand rose to nine on Saturday as the clean-up continued on the battered North Island and authorities worked to find missing people. The cyclone hit the uppermost region of the North Island on Sunday and tracked down the east coast, causing widespread devastation. Police on Saturday said […]
The leaders of Armenia and Azerbaijan are set to meet for the first time since October at trilateral talks with U.S. Secretary of State Antony Blinken in Munich on Saturday, the U.S. State Department said. Tensions have escalated between the two South Caucasus nations over a two-month blockade of the Lachin corridor, the only land route giving […]
As the war in Ukraine enters its second year, the need for increased global support becomes more apparent. This column illustrates this need with two examples: the damage to the economy caused by Russia’s attacks on the power grid and the stalled recovery of Ukraine’s grain exports due to Russia’s continued naval blockade. The economic […]
The euro area economy has weathered the shock emanating from Russia’s invasion of Ukraine with impressive resilience. In spite of initial worst-case scenarios, it now looks like the euro area could avoid a recession altogether and recent readings suggest that inflation rates may have peaked already. Irrespective of these positive macroeconomic developments, risks abound on […]
China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand for electronics slumped, and said it would look to cut spending and make workforce adjustments. The world’s largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter […]
Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the tech company seeks to battle Google’s dominance. In a meeting with a major ad agency this week, Microsoft showed off a demo of the new Bing and said it plans […]
U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks, a Treasury official said. Yellen will join fellow G20 finance ministers and central bank governors in Bengaluru on Feb. 23-25, spanning the first […]
Stock markets dropped across the globe on Friday and the dollar leapt to six-week highs as jobs data revived expectations the U.S. central bank would stick to its monetary tightening path. Data from the U.S. Labor Department overnight showed monthly producer prices had accelerated in January and the number of Americans filing new claims for unemployment […]
