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Botswana, De Beers approve $1 bn deal in world's top diamond mine
Botswana, De Beers approve $1 bn deal in world's top diamond mine
Economy
by  AFP

Botswana and global diamond giant De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume, their joint venture said on Wednesday. The mine accounts for about 70 percent of profits for Debswana -- a 50-50 joint venture between the government and De Beers, which auctions most of the gemstones.

Global unemployment set to worsen in 2024: UN
Global unemployment set to worsen in 2024: UN
Economy
by  AFP

The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income. Widening inequalities and stagnant productivity are causes for concern, the ILO said in its World Employment and Social Outlook Trends report for 2024.