Britain's new finance minister, Iraqi-born Nadhim Zahawi, has inherited a cost-of-living crisis that risks pushing the UK economy into recession. . "Political risks do not seem to be having a major impact on UK assets," noted Markets.com analyst Neil Wilson.
Six months after Spain pushed through a key reform aimed at reducing labour market insecurity, the number of temporary contracts has fallen sharply, giving the government some welcome breathing space in a difficult economic context.. Long one of the European nations with the highest number of temporary contracts, Spain saw its unemployment figures fall for the sixth consecutive month in June, with the Labour Minister Yolanda Diaz hailing "historic" data on Monday as evidence of "a paradigm shift".
Twitter is challenging the Indian government's orders to block content on its social media site in court, local media reported Wednesday citing legal documents. . In the case filed with a court in Bangalore, the social media giant alleged that the basis on which multiple accounts and content flagged by the government was either "overbroad and arbitrary" and "disproportionate", the Indian Express daily reported.
As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, people are returning to cooking with firewood.. "We suffer (smoke inhalation) when cooking with firewood, but we have no choice," Karunawathi told AFP. "It is also difficult to find firewood and it is also becoming very expensive."
Long before whiteboards, beamers and laptops entered modern school classrooms, teachers relied on the humble, dusty, sometimes screechy blackboard chalk -- a material that has created a Jordanian business success story.. Aloqbi pondered how to make blackboard chalk, which was until then wholly imported, to gain extra value from the calcium carbonate that is also used to produce white cement, make soils less acidic, and toothpaste more abrasive.
Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors.. The euro remained under pressure and appeared to be heading towards parity with the dollar after hitting a 20-year low owing to the European Central Bank's decision not to lift interest rates until this month, lagging the Fed's fast pace of hikes that have sent the dollar soaring.
Leaders of the US Senate Intelligence Committee on Tuesday called for an investigation into whether Chinese officials are getting access to data about US users of video-snippet sharing sensation TikTok.. "As we've said repeatedly, TikTok has never shared US user data with the Chinese government, nor would we if asked."
The UK is overselling its free trade deal struck with Australia in the wake of Brexit, British MPs have concluded in a report published Wednesday.. Its findings come as International Trade Secretary Anne-Marie Trevelyan was Wednesday to face questions from the committee regarding the deal struck with the former British colony.
American ice cream brand Ben & Jerry's said Tuesday it is suing its parent company Unilever to block a move that would see its product sold in West Bank settlements, which would run counter to its values.. The company, known for its political activism, took the unusual step seeking an injunction after London-based Unilever last week announced it had sold its interest in the ice cream to Israeli license-holder Avi Zinger.
Norway's government said Tuesday it was referring a dispute between oil and gas workers and employers to an independent board, after an industry group warned strikes could cut Norway's gas exports by more than half.. Earlier on Tuesday, industry group the Norwegian Oil and Gas Association, warned that with the announced escalation of the strike announced for Saturday would slash output.
