Finance & Economics

South Korea Removes Japan from Fast-Track Trade List

South Korea has followed through with a pledge to remove Japan from a preferred list of nations that enjoy fast track trade status, the latest chapter in an escalating diplomatic dispute tied to Japan's 20th century occupation of the Korean peninsula...

Promoting Innovation and Market Competition are key to China’s Future Growth

China needs to foster new drivers of growth to address productivity challenges, intensify reforms and promote greater innovation in the economy, according to a new report jointly released by China’s Development Research Center of the State Council (...

Iceland’s slowdown underlines the need to fix structural issues

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Harmonised Unemployment Rates (HURs), OECD - Updated: September 2019

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Source: Labour Force Statistics‌‌

Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month.

New World Bank Employment Project to Benefit 100,000 Youth

The World Bank approved the Youth Employment Transformation Initiative (YETI) Project to support the Government of Nepal in improving employment services and labor market outcomes for Nepali youth, on September 12. The US$ 120 million project that...

Norway Provides $10 Million to Support World Bank on Reforming Tax Systems in Fragile States

Norway has agreed to contribute NOK 88 million (equivalent to $10 million) to support the World Bank’s efforts to strengthen the tax systems and customs administrations in countries affected by fragility, conflict and violence (FCV).

Malaysia’s ‘Critical Occupations List’ is an Innovative Tool for Preparing Workers for the Jobs of the Future: World Bank

Malaysia’s Critical Occupations List (COL) is an innovative platform for keeping abreast of changing labor market demands associated with new technologies, automation, and Industry 4.0, according to a new World Bank report Monitoring Occupational...

Climate finance for developing countries reached USD 71 billion in 2017

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G20 GDP Growth - Second quarter of 2019, OECD

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Note: Growth rates presented in this chart are based on data with more than one decimal.