Economy

• Friday, September 27th 2019 - 08:46 UTC

  PM Johnson collects a seventh setback in Parliament, but insists with his Brexit strategy

  

  British Prime Minister Boris Johnson suffered yet another setback on Thursday after MPs rejected a request to briefly suspend business for his party's conference, highlighting the hostility he faces in parliament just weeks before Brexit. In his seventh successive defeat in parliament, MPs voted to reject his call for three days off next week to hold his Conservative party's annual conference in Manchester.

• Friday, September 27th 2019 - 08:32 UTC

  “Tourism and Jobs: a better future for all”

  

  Official Message by UNWTO Secretary-General Zurab Pololikashvili. Tourism can help us build a better future for everyone. Around the world, the tourism sector is leading source of employment, supporting many millions of jobs and driving economies forward, both at the local and the national level.

• Friday, September 27th 2019 - 07:50 UTC

  International tourism generates US$ 5 billion every day to the global economy

  

  Some figures from the UNWTO International tourism highlights will help to underscore the significance of this industry for the global economy. International tourist arrivals grew 5% in 2018, to reach the 1.4 billion mark, two years ahead of the World Tourism Organization’s long-term forecasts, according to the Highlights, 2019 Edition.

• Friday, September 27th 2019 - 07:42 UTC

  World Tourism Day, September 27, this year is celebrated in New Delhi

  

  The following is the message from Prahlad Singh Patel, Minister of State (IC) for Tourism & Culture, Government of India. India is pleased to host the official celebrations of United Nations World Tourism Organization (UNWTO) World Tourism Day in New Delhi.

• Thursday, September 26th 2019 - 13:35 UTC

  What is the economic fallout from the Saudi Arabia oil facility attack?

  

  A violent attack on Saudi Arabia’s oil infrastructure was carried out earlier this month. Some 18 drones and seven cruise missiles were reportedly fired in the direction of several oil facilities in the region. The Abqaiq facility was the primary location of attack, while cruise missiles struck an oilfield in Khurais, just east of the city of Riyadh.

• Thursday, September 26th 2019 - 09:56 UTC

  Resumption of Argentina's financial program with IMF frozen... and “will have to wait”

  

  Argentina’s financial program with the International Monetary Fund (IMF) will be on hold for some time as the nation grapples with severe political and economic uncertainty, the Fund’s Acting Managing Director David Lipton said an interview.

• Thursday, September 26th 2019 - 09:45 UTC

  Lagarde defends IMF decision to support Argentina with a record credit

  

  Christine Lagarde has defended the IMF decision to give Argentina a record credit line last year, even after the US$56-billion program fell short of stabilizing the nation’s troubled economy.

• Thursday, September 26th 2019 - 07:53 UTC

  Johnson asks how come Thomas Cook directors paid themselves large sums when a business goes down the tube

  

  After the collapse of Thomas Cook left hundreds of thousands of passengers reliant on the British state to repatriate them, Prime Minister Boris Johnson questioned whether bosses should have paid themselves so much ahead of its demise.

• Thursday, September 26th 2019 - 07:42 UTC

  Bulgaria's Georgieva is the new IMF Managing Director; second woman in the post, takes office October first

  

  The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman ever to lead the 189-member institution. The selection had been all but guaranteed after the global crisis lender said earlier this month that Georgieva, a former World Bank CEO, was the sole candidate.

• Wednesday, September 25th 2019 - 09:54 UTC

  Macri holds a 'constructive meeting' with IMF, but no news about the pending tranche of a major loan

  

  Argentine President Mauricio Macri met with his International Monetary Fund backers in New York on Tuesday, but there was little light shed on whether the body was likely to approve a key US$ 5.4 billion tranche of funds to the indebted country.