The financial crisis dealt a blow to the jobs and future prospects of many workers around the world, particularly in Europe. But while unemployment in Europe is now falling for the most part, deeper technological change is making it harder than ever for people to get out of the long-term unemployment or low-paid, insecure jobs they were plunged into by the crash, according to a new report by the Organization for Economic Co-operation and Development.
The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be significantly debilitated by a soaring greenback.
The International Monetary Fund sharply lowered its growth forecast for Latin America and the Caribbean to 0.5% in 2015 and 1.7% next year, citing lower commodity prices and China's transition to a new growth model. The figures are down from the IMF's April projections for 0.9% growth this year and 2% next year.
Argentina's Supreme Court upheld “the right of every patient to choose a dignified death,” drawing a sharp distinction between halting treatment and euthanasia. Justices confirmed a lower court’s decision to allow the end of extraordinary measures to preserve the life of a person, who had remained in a persistent vegetative state since 1995.
Pope Francis, a champion of the poor and social justice, on Thursday called on a million faithful to reject today's consumer society, at an open-air mass in Bolivia. On the second stop of his three-nation tour of South America, the pope addressed the throng in the vast Christ the Redeemer Plaza in Santa Cruz, including many people who camped out overnight to see him.
China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.
Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system. BRICS nations -- Brazil, Russia, India, China and South Africa -- which represent 40% of the world's population, agreed in 2013 to establish their own development bank, with estimated capital of $100 billion.
Argentine President Cristina Fernández clearly on the campaign trail ahead of October's national elections, has warned economic and political opposition groups could attempt to force the country reintroduce “neoliberal policies,” dismantling the “inclusive state” built in the last twelve years. And beware because “now we can say that we are really an independent country”.