Finance & Economics

Work-related accidents and injuries cost EU €476 billion a year according to new global estimates

At the XXI World Congress on Safety and Health at Work, held in Singapore on 3‑6 September, the European Agency for Safety and Health at Work (EU-OSHA) together with the International Labour Organization present new estimates of the cost of poor occupational safety and health (OSH). The new findings reveal that worldwide work-related injury and illness result in the loss of 3.9 % of GDP, at an annual cost of roughly €2 680 billion.

The estimates are findings from a major project on the costs and benefits of OSH.The project was carried out by the International Labour Organization (ILO), the Finnish Ministry of Social Affairs and Health, the Finnish Institute of Occupational Health (FIOH), the WSH Institute in Singapore, the International Commission on Occupational Health (ICOH) and EU-OSHA.

Council wants the 2018 EU budget to focus on growth, jobs, security and handling migration

The Council is clear that the 2018 EU budget should be mainly about growth, jobs, security and handling migration, but it also wants to keep enough financial leeway to respond to unforeseen needs. The details are set out in the Council's position which it adopted on 4 September 2017.

July 2017 compared with June 2017-Industrial producer prices stable in euro area-Up by 0.1% in EU28

In July 2017, compared with June 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

July 2017 compared with June 2017-Industrial producer prices stable in euro area-Up by 0.1% in EU28

In July 2017, compared with June 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

Flash estimate - August 2017-Euro area annual inflation up to 1.5%

Euro area annual inflation is expected to be 1.5% in August 2017, up from 1.3% in July 2017, according to a flash estimate from Eurostat, the statistical office of the European Union.

Over 6,30,000 Students are Expected to Benefit from a New Higher Education Project in Odisha, India

The World Bank will support the government in improving the quality, equity and governance of higher education institutes in the Indian state of Odisha.

July 2017-Euro area unemployment at 9.1%-EU28 at 7.7%

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in July 2017, stable compared to June 2017 and down from 10.0% in July 2016. This is the lowest rate recorded in the euro area since February 2009.

Mexico should continue its overhaul of telecoms and broadcasting

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Over 500,000 Farming Households Expected to Benefit from New Agri-Business Project in Assam, India

The World Bank will support the Government of Assam to facilitate agri-business investments, increase agriculture productivity and market access, and enable small farm holders produce crops that are resilient to recurrent floods or droughts in the Indian state of Assam.

Poverty Declined Between 2004-05 and 2015 in Myanmar: New Joint Myanmar-World Bank Report

Poverty in Myanmar continues to decline, falling from 32.1 percent to 19.4 percent in the 10 years up to 2015, while standards of living overall have improved with average household spending increasing annually by 1.4 percent, says a new report jointly prepared by the Government of Myanmar and the World Bank.