Economy
United Nations/Xinhua: The global growth of 2.5 percent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery, according to the United Nations World Economic Situation and Prospects (WESP) 2020, which was launched Thursday. more
Oil prices down 5 pc on year amid supply worries

New York/Sputnik: Oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the possibility of oversupply in crude ami ...

WFP calls for increased support as eight million in Zimbabwe face hunger

New York: The World Food Programme (WFP) is calling on countries to step up support to Zimbabwe, where millions of people are facing hunger brought on by prolonged drought and economic me ...

Lesotho: Tens of thousands ‘one step away from famine’ as drought impacts harvests and UN launches flash appeal

New York: Devastating drought in the southern African nation of Lesotho has left more than half a million people facing severe food shortages and tens of thousands “one step away fr ...

Bangladesh needs climate smart investments for higher agricultural growth: World Bank

Dhaka: Climate change and sea-level rise pose a serious threat to Bangladesh’s impressive growth in agricultural productivity. To address impacts of climate change on agriculture as ...

Chile to spend $5.5 billion creating thousands of new jobs next year: Finance Minister

Buenos Aires/Sputnik: The government of Chile will allocate $5.5 billion for the creation of 100,000 new jobs in 2020, Finance Minister Ignacio Briones announced amid continuing protests ...

World Bank supports Employment and Education program to benefit children and young people in Nepal

Kathmandu: The Government of Nepal and the World Bank signed two separate agreements recently to improve employment services and labor market outcomes for Nepali youth and continue suppor ...

EU agrees Brexit extension till Jan 31

London: The European Union has agreed to extend  Brexit till Jan 31, 2020.

Global economy: 'we must do everything possible' to avoid global 'fracture' caused by US-China tensions, urges Guterres

New York: Tensions around global trade and technology continue to rise and the international community needs to “do everything possible” to prevent the world being split into ...

Ending extreme poverty crucial to sustainable future for all: UN chief

New York: A sustainable future for all is unlikely unless globalization benefits all children, their families and communities, UN Secretary-General António Guterres said in his mes ...