OPEC revises 2021 global economic growth forecast – scribe
The Organization of Petroleum Exporting Countries (OPEC) has revised down its 2021 global economic growth projections to 4.4 from 4.5 per cent forecast in October...
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Nigerian firm to train 300 youths on meter installation
Indigenous electricity meter manufacturing company, MOMAS, has offered free training on prepaid meter installation for 300 unemployed youths to complement Federal Government’s mass metering programme....
Pandemic impact on Tunisia tourism ‘catastrophic’
Tunisia’s tourism sector has collapsed, officials warned on Saturday, with earnings plunging 60% and swathes of hotels at risk of closing permanently. LIVE | All...
Unemployment Claims Rise as Job Rebound Loses Momentum
Six months into the pandemic-induced economic crisis, the layoffs keep coming. About 825,000 people filed for state unemployment benefits last week, the Labor Department said...
U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows
Trillions of dollars in federal aid to households and businesses has allowed the U.S. economy to emerge from the first six months of the coronavirus...
Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed...
HRW: Foreigners ‘live in constant fear’ in South Africa
Foreign nationals in South Africa suffer “routine” harassment, violence and discrimination by locals and government authorities, Human Rights Watch (HRW) said on Thursday. The group...
A $1.5 Trillion Compromise That Democrats Can’t Ignore
The pandemic brought on the most quick and severe recession that the United States has ever experienced. The economy shed over 22 million jobs in...
A Cataclysm of Hunger, Disease and Illiteracy
We think of Covid-19 as killing primarily the elderly around the world, but in poor countries it is more cataclysmic than that. It is killing...
Why Unemployment Claims May Be Overcounted by Millions
Economic statistics were never designed to measure the sudden shutdown and restart of large segments of the U.S. economy. Still, if there is one question...