ILO warns of new global jobs crisis
The International Labour Organisation (ILO) Monday warned of the emergence of a global jobs crisis, noting that around 50 million jobs that were lost during the financial crisis are still missing today.
Spain Falls into Recession
Spain's economy has slumped into a recession.
Spain's National Statistics Institute data showed Monday that the country's economy shrank 0.3 percent in the first quarter of 2012.
Boosting Turkish wind energy generation
The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy in Turkey with a €135 million loan to Enerjisa for the construction of a new wind farm in the country.
China launches tourist train to North Korea
China has launched a tourist train connecting the country's northeastern Tumen county and the picturesque Chilbo mountain in neighbouring North Korea.
Spanish jobless rate climbs above 24 percent
The ranks of Spain's unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government said Friday.
Russian firm opens petroleum terminal in Spain
Russian energy giant Lukoil inaugurated a petroleum-products terminal here Friday that is the fruit of its strategic alliance with Spain's Meroil.
Online retailer Amazon reports drop in revenue
Oil major Shell earns $7.28 billion in first quarter
Energy giant Royal Dutch Shell Thursday said "strong" oil prices and rising output had helped the company to register...
Cameron not to abandon austerity plan as UK slips into recession
Britain's Gross Domestic Product contracted by 0.2 per cent in the first quarter, pushing it into the first double-...
Standard and Poor's cuts India's outlook from stable to negative
Global ratings agency Standard Poor's Wednesday lowered its outlook on India to negative from stable, warning of a...
