Tag: unemployment

The UK’s economy forecasts slower growth with increased unemployment

Europe Roshan Abayasekara -
Chancellor of the Exchequer Rachel Reeves asserts that Labour has ‘restored economic stability’. This is despite downgraded growth forecasts...

Unemployment Spike Crashes Aussie Dollar — Is Australia Headed for a Recession?

Pacific Piumi Fernando -
The Australian economy recently faced a shock as new data from the Australian Bureau of Statistics (ABS) showed an...

Is Canada on the Brink of Recession? The Bank of Canada’s Shocking Pause Raises Big Questions

Canada and Caribbean Wasana Nadeeshani -
Commonwealth The Bank of Canada has chosen to hold its key policy interest rate at 2.75%, pausing for the first...

Tata Steel receives  £500 million subsidy from UK government

Business & Trade Suraj Atapattu -
UK (Commonwealth) _ The UK government and Tata Steel have reached an agreement on a £500 million subsidy to...

India positioned as second most optimistic nation

Asia admin -
A recent survey reveals that 70 percent of urban Indians believe their country is on the right track, positioning...

Interest rates to drop after inflation dip

Canada and Caribbean admin -
Canada’s yearly inflation rate reduced to 2.7% in June from 2.9% a month prior, a relaxation that eliminates at least one...
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Canada’s unemployment on route to exceed 7%

Canada and Caribbean admin -
Unemployment percentage in Canada is on a route to hit or surpass 7% this year if the Bank of...

Major job losses in Canada’s construction sector

Canada and Caribbean admin -
Canada’s construction segment lost 11,000 jobs in April, a major reduction in jobs in all segments, according to Statistics...

Australian unemployment rate surges

Pacific Piumi Fernando -
Australia's unemployment rate increased to 4.1% in April, surpassing expectations of 3.9% and the previous month's figure of 3.8%,...

Banking and Finnce

Business & Trade Suraj Atapattu -
Ireland houses soarUK (Commonwealth) _New house completions are expected to reach 35,000 this year and then grow again in...

Homelessness in the Global South

Global Prathibhani Senadasa -
Homelessness is increasingly recognized as a violation of human rights on a global scale. It is  catastrophic, and isolating....

West African leaders meet to put an end to coups

News from the Commonwealth Secretariat Suraj Atapattu -
Africa (Commonwealth) _West African leaders will meet later this month to discuss how to reverse a succession of coups...

How high will Unemployment Rise?

Pacific Piumi Fernando -
In recent statements, Australian Treasurer Jim Chalmers addressed the nation's economic outlook, expressing his expectation of a slight increase...

The slowing global economy heralds an Australian unemployment increase

Pacific Savithri Rodrigo -
Sydney, Australia (Commonwealth Union)_Ever since the pandemic hit the world, Australia has been battling rising unemployment and with the...

Economic Forecast: Recession Looms

Pacific Piumi Fernando -
Australia (Commonwealth)_This is the latest financial forecast for the year ahead. According to a recent survey conducted by The...

Crisis provides an opportunity to Sri Lanka

Business & Trade Suraj Atapattu -
Sri Lanka (Common Wealth) _ Sri Lanka is at a crossroads in its history. Years of economic mismanagement, poor...