Tag: economy
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Gen Z is prioritizing living over working because they’ve seen ‘the legacy of broken promises’ in corporate America, a future-of-work expert says
Gen Z is choosing to “work to live” rather than “live to work,” like previous generations, because they’re reaping fewer rewards for their hard work, an expert on the future of work told Business Insider. Ravin Jesuthasan, the global leader for transformation services at the consulting giant Mercer and a future-of-work expert, spoke with BI…
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A drought has forced authorities to further slash traffic in Panama Canal, disrupting global trade
A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes. The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected. Canal administrators now estimate that dipping…
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Pakistani leader calls for global unity to fight diseases and emergencies caused by climate change
Pakistan’s prime minister on Wednesday called for unified efforts to tackle global infectious diseases like COVID-19 and emergencies caused by climate change, nearly 1 1/2-year after devastating floods killed 1,700 people in his nation. Representatives from 70 countries, the World Health Organization, and other international organizations attended a two-day summit. It comes as reports show that millions of…
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Global unemployment set to worsen in 2024: UN
The global unemployment rate will increase slightly in 2024, the United Nations said on Wednesday (Jan 10) as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income. The UN’s labour agency said the economic recovery from the COVID-19 pandemic has slowed down, with ongoing geopolitical tensions and persistent inflation triggering aggressive moves…
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Risk of financial ‘wasted decade’ for poor countries, World Bank warns
The global economy is set to slow for a third successive year in 2024 and is now on course for its weakest half-decade of growth since the early 1990s, the World Bank has warned. The Washington-based organisation said poor countries were being especially hard hit by a series of setbacks since the arrival of the…