The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned. It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.
Japan sold the Yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.
The worsening of the world crisis is a factor that plays in favour of advancing negotiations for the European Union and Mercosur cooperation agreement and strategic association, said Socialist Euro Deputy Luis Yañez from Spain currently visiting Montevideo.
The Organization of American States, OAS, faces a financial ‘crisis’ warned Monday Secretary General Jose Miguel Insulza after country members approved the 2012 budget totalling 85.3 million dollars, with no increase over the current level of expenditure.
The full gamut of the Royal Navy's abilities was on show in the Solent last week, during a series of high-profile action-packed demonstrations. The Solent separates the Isle of Wight from mainland England and is the access to Southampton.
United States said on Monday it had stopped funding UNESCO, the U.N. cultural agency, following its vote to grant the Palestinians full membership.
The United Nations Educational, Scientific and Cultural Organization UNESCO voted on Monday to admit Palestine as a full member of the Paris-based agency.
Over 23 million are unemployed in the 27 countries of the Euro zone, the statistical office of the European Union Eurostat informed Monday.
The package of measures agreed by European leaders this month to stem their debt crisis will only work “if all elements are implemented”, German Deputy Finance Minister Joerg Asmussen said in an interview Monday.
With more than two babies born every second, the arms on the world population clocks are whirling round so fast that no-one really knows how many people there are on Earth.