Gaza unemployment surges to 80% as economy collapses, UN agency says

ZURICH — Unemployment in Gaza has soared to nearly 80% since the Israel-Hamas war erupted, with the devastated enclave's economy in almost total collapse, the International Labour Organization said Thursday

EU backs tariffs on Chinese EVs despite concerns about Chinese retaliation

European Union countries voted Friday to adopt tariffs of up to 45% on electric vehicles, or EVs, imported from China

Global oil traders anxiously await Israel's expected strikes on Iran

International oil traders have been anxiously watching for Israel's expected military response to Iran's latest rocket attack, with prices rising and dipping according to the latest guesses on whether Israel will target Iran's oil infrastructure and [..]

Argentina's triple-digit inflation slows, but workers still struggle to pay bills

BUENOS AIRES — Argentina's triple-digit inflation, among the world's highest, is starting to slow down but this offers little relief for workers whose salaries have stayed the same while costs of basic goods skyrocketed and the government slashed sta[..]

Debt burden threatens poor countries' development goals, UN official says 

HAMBURG, Germany — The world's poorest countries are having to prioritize debt service over investments, United Nations Development Program administrator Achim Steiner said on Monday, scuppering progress towards their sustainable development goals

Oxfam: 'Oligarchy' of super-rich undermining cooperation to tackle poverty, climate change

As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a ‘global oligarchy’ of the super-rich who exert control over the global economy

High inflation memories cloud US consumers' outlooks 

Washington — Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond [..]

Eurozone business activity slumps after Olympics boost 

Brussels, Belgium — Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday

Air Canada, pilots’ union reach tentative agreement to avoid shutdown   

OTTAWA, Ontario — Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline

US job growth misses expectations in August; unemployment rate slips to 4.2% 

Washington — U

US IRS enforcement efforts recover $1.3 bln in unpaid taxes, Treasury says 

Washington — The U

UN: Workers see dramatic fall in share of global income

Geneva — Workers have seen their slice of the global income pie shrink significantly over the past two decades, swelling inequality and depriving the combined labor force of trillions, the U

US trade deficit widens to two-year high on imports

WASHINGTON — The U

Harris rolls out populist proposals in first economic speech

Raleigh, North Carolina — Kamala Harris unveiled plans for a federal ban on food and grocery price gouging, a tax credit that would provide $6,000 per child to families for the first year of a baby's life, and up to $25,000 toward a down payment for [..]

Global youth unemployment falls to 15-year low, but post-COVID recovery uneven

Geneva — Global youth unemployment rates fell to 13% in 2023, a 15-year low