Finance & Economics | WPN World People News

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 aims to benefit 100,000 young people, especially women, will be implemented by the Ministry of Labor, Employment and Social Security over a period of five years. The project aligns with the Prime Minister Employment Program (PMEP).

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 (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 Shortages: Lessons from Malaysia’s Critical Occupations List, launched here, on September 12.

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

Policy makers should step up their efforts to bolster public trust in finance to reduce the risks of contagion if economic growth and financial returns continue to fall, according to a new OECD report.

U.S. markets soared Thursday on news the United States and China have agreed to hold new trade talks.

The Dow Jones industrial average climbed 372 points. The Standard & Poor’s 500 Index was also up more than 1 percent, while the Nasdaq composite rose nearly 2 percent.

US Coast Guard Air Station Clearwater, Florida, responds to the devastation in the aftermath of Hurricane Dorian in the Bahamas.