Finance & Economics | WPN World People News

The European Commission has adopted a Recommendation on online gambling services. It encourages Member States to pursue a high level of protection for consumers, players and minors through the adoption of principles for online gambling services and for responsible advertising and sponsorship of those services. The aims of the principles are to safeguard health and to minimise the eventual economic harm that may result from compulsive or excessive gambling.

The World Trade Organization has ruled the United States was wrong to impose punitive duties on a wide range of Chinese goods, in a decision that could have long-term impacts.

The European Central Bank (ECB) is publishing a comprehensive dataset of annual structural financial indicators for the banking sector in the European Union (EU). It comprises statistics on the number of branches and employees of EU credit institutions, as well as data on the degree of concentration of the banking sector in each EU Member State, and data on the share of foreign-controlled institutions in the national banking markets of the EU.

The current U.S./NATO/British imperial offensive against Russia, exemplified by the coup carried out against the nation of Ukraine by the Western powers, in collaboration with avowed Nazis, has its roots in the British orchestration of the Cold War. The danger of a British-instigated thermonuclear World War III erupting over Ukraine, or any of a number of other flashpoints, makes it urgent that the fraud of U.S.-British alliance against Russia, China, and the rest of Eurasia be exposed, and stopped.

Youth unemployment remains a key challenge for policymakers in the region – with a regional average of 26% and rates as high as 33.7% in Slovakia and 49.7% in Croatia.

The Japan International Cooperation Agency (JICA) and the World Bank Group (WBG) held their first high-level dialogue at JICA Headquarters in Tokyo on July 10-11. At the meeting, participants reviewed existing cooperation between the two institutions and discussed areas for future collaboration.

U.S. President Barack Obama says the economy is "better off" now than it was five years ago, adding that American businesses have created 10 million new jobs.

There are practical solutions for the 5 million unemployed young people in the EU, according to a study by the European Economic and Social Committee (EESC) presented at its 500th plenary meeting. The EESC Labour Market Observatory (LMO) has examined and analysed the implementation of EU youth employment policies in six EU Member States: Greece, Croatia, Italy, Austria, Slovakia and Finland, in close cooperation with national workers', employers' and youth organisations. The situation differs greatly from one country to another, with youth unemployment ranging from 58.3% in Greece to 9.2% in Austria, but the study highlights common solutions that all EU Member States could successfully apply.