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UN AND OXFORD UNIVERSITY UNVEIL NEW INDEX TO MEASURE POVERTY

The United Nations Development Programme (UNDP) and Oxford University today launched a new index to measure poverty levels which they said give a “multidimensional” picture of people living in hardship, and could help targ...

Blue Monday For Big Bank

"IBM Employee Sparks Massive Bank Outage," read the headline at TheRegister.com. On a Monday in early July, "one of Singapore's largest banks suffered a seven-hour IT outage that took down everything from back-office servi...

UN calls for urgent action to tackle rising youth unemployment

The United Nations labour agency is calling for urgent action to tackle the crisis of youth unemployment, which has increased significantly in the wake of the global economic slowdown and has repercussions for the economy...

China Says Its Economic Growth Is Slowing

China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.