Canadian troops arrive to a UN base in Gao, Mali, on in June 2018, amid an insurgency by jihadist and ethnic rebel groups. Canada has yet to impose sanctions on the African country because it lacks names to target for asset freezes and other measures. THE CANADIAN PRESS/Sean Kilpatrick Andrea Charron,...
Reeling under hyperinflation, food shortage and a political crisis, Venezuela has announced a 3000% hike in minimum wages of employees across the country. About 7 million employees are guaranteed 800 bolivars a month, according to a new announcement made by President Nicolas Maduro. While the decision was aimed to have a...
Gerry Redmond, Flinders University and Jennifer Skattebol, UNSW Australia as a nation has never been richer. But it is now also more unequal than at any time since the early 1980s. This inequality takes many forms, not least between suburbs and neighbourhoods. And our research suggests the few celebrated examples...
Ethiopian capital Addis Ababa's administration has allocated $86 million to create 161, 000 job opportunities in the city. Under the joint initiative with Addis Saving and Credit Institution and the youth revolving fund, over 50 per cent of the jobs will be given for the youth and 70 per cent...
While rapid technological breakthroughs such as Artificial Intelligence would take away 75 million jobs from across the world in the next decade, it could create almost double, about 133m, new jobs, a new report by the World Economic Forum has said. The transformations in the labour market, as a result...
We often use the size and growth a country's Gross Domestic Product (GDP) as an indicator of its progress in national development. But GDP, or the measure of the monetary value of goods and services produced by a country, doesn't fully reflect the reality. Here are some reasons why GDP...
The latest edition of Human Development Report has ranked Norway, Switzerland, Australia, Ireland and Germany at the top five positions in terms of human development. They scored more than 0.9 on a scale of 0 to 1 in the Human Development Index, which measures development in terms of the national...
Rising bed prices are creating concern in Zimbabwe, as wheat suppliers are not able to import the grain due to a shortage of foreign exchange, just over a month after the new government under Emmerson Mnangagwa took over. Top food processor Innscor Africa Limited Thursday announced a 10% increase in...
With more than 70% of Somalis using mobile money services regularly, mobile money has superseded the use of cash in Somalia, says a new report of the World Bank. The country records 155 million mobile money transactions, worth $2.7 billion, every month. The GDP of Somalia is about $7 billion. While...
As the country is reeling under a cute foreign exchange shortage and inflation above 65 per cent for several months, a new 21 member cabinet has been sworn in in Sudan to deal with the economic crisis. The President, Omar al-Bashir, had sacked his former 31-member cabinet to “fix the...

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