Economic Contraction

S&P Confirms Philippines’ BBB + Rating, Reports Increased Debt Risks

On Thursday, S&P Global Ratings confirmed its credit ratings for the Philippines, but pointed out such downside risks such as rising government debt stocks. In its latest report, S&P maintained its long-term sovereign credit rating on the Philippines at “BBB +” with a stable outlook – two notches above the …

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Actions and dollar rise as Fed officials downplay inflation concerns

Global equity markets rose and the US dollar rallied against major currencies on Wednesday for the first time this week, as Federal Reserve officials continued to downplay the outlook for rising inflation. Richard Clarida, vice chairman of the Fed, said on Tuesday that the US central bank had the ability …

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NJ unemployment system wants DC to help

Credit: NJ Spotlight NewsFile photo The head of the state agency that manages unemployment benefits told lawmakers that over the past year staffing has tripled and technology improved, all in a bid to respond to a crash history of unemployment claims that millions of New Jersey residents filed during the …

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Guyana uses its foreign policy for economic development

(MENAFN – Caribbean News Global) Wazim Mowla is an American Guyanese program assistant for the Caribbean Initiative at the Adrienne Arsht Latin America Center at the Atlantic Council in Washington DC, and a master’s student at the School of International Service at the American University. By Wazim Mowla While some …

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Questions and answers: banks align to offer mortgage guarantee offers

Options for first-time buyers opened up this week as Main Street banks launched a wave of government-backed mortgages for those with a deposit of just 5% and Nationwide announced a deal that allows first-time buyers to borrow up to 5.5 times their income. In the March budget, Chancellor Rishi Sunak …

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the impact of Covid-19 on women – Sofia Fernandes and Klervi Kerneïs

Women workers have been hit hardest by the pandemic-induced slowdown – and it could get even worse. Sofia fernandes Unlike previous economic crises, the current crisis has disproportionately affected the employment of women in the European Union. This translates not only into significant job losses in the female-dominated sectors of …

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Tech jobs fall but still in demand amid COVID-19 economic slowdown

As the coronavirus pandemic ravaged the Israeli economy, sparking unemployment, the tech sector has experienced a shortage of professionals, according to a new report from the Israel Innovation Authority and Start-Up Nation Central. According to the human capital report released on Thursday, there were 13,000 vacant positions at the end …

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Minister Carolyn Bennett Highlights Child Care Investments in Budget 2021

Crown-Indigenous Relations and Northern Affairs Canada Budget 2021 is the Government of Canada’s plan to complete the fight against COVID-19 and ensure a robust economic recovery that includes all Canadians. Today, the Minister of Crown-Indigenous Relations, the Honorable Carolyn Bennett, met with members of the Tundra Buddies Daycare Society to …

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Biden’s Emissions Commitment Has Economic Consequences, Experts Warn | state

(The Center Square) – President Joe Biden is expected to announce on Thursday a pledge to halve U.S. greenhouse gas emissions within a decade. Biden will announce the aggressive pledge, according to multiple reports, on the same day the White House hosts dozens of world leaders for a virtual climate …

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