South Africa’s unemployment crisis surpasses even Great Depression levels. With 12 million seeking work and a 43.7% rate, the situation demands urgent attention.
South Africa’s unemployment crisis surpasses even Great Depression levels. With 12 million seeking work and a 43.7% rate, the situation demands urgent attention.
"Thirty years I've been in cocoa -- and this is the worst season yet," said Siaka Sylla as he contemplated an almost empty warehouse at his cooperative in Ivory Coast, the world's top producer of the bean. Back at the Hermankono cooperative, Siaka Sylla is pinning his hopes on a better intermediate harvest next April.
British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street. The re-opening of the historic shop comes as authorities fight back against a wave of so-called American candy stores which have plagued central London since the pandemic.
Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support. Investors are keeping tabs on China after authorities called on banks to provide help to the beleaguered property sector, which makes up a huge part of the world's number two economy.
The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday." The National Retail Federation (NRF) predicts more than 182 million consumers will shop in stores and online over the shopping weekend.
Venice announced on Thursday that it would introduce a fee for day tourists to enter the city's overcrowded historic centre on 29 days next year as it seeks to come to grips with overtourism. Day visitors will need to pay five euros ($5.45) to enter the city centre between 8:30 am to 4:00 pm during the peak tourist season from April 25 to May 5.
Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis. The finance minister, who has intoned on the importance of clear debt limits, avoided direct mention of the brake in an earlier press conference.
They are both abrasive, have a penchant for insults and vulgarity, and boast an untamed mop of hair.
Paris will set a speed limit of 50 kilometres per hour (30 mph) on the French capital's congested ring road and add a car-sharing lane after next year's Olympic Games, city hall said Thursday. Drivers are alone in some 80 percent of the cars on the ring road.
Danish pharmaceutical giant Novo Nordisk will announce Thursday a major investment in a French production site to expand capacity for a blockbuster anti-obesity drug, the French presidency said. Novo Nordisk already said this month it was investing 42 billion Danish kroner ($6.1 billion) to expand its facilities in Denmark.
Economy
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