Finance & Economics | WPN World People News

Britain’s next generation of nuclear power plants will be able to call on a new high-tech further education college to train their workforce.

The European Commission welcomes the adoption by the EU's Council of Ministers of a Decision authorising Member States to ratify the International Labour Organisation (ILO) Convention concerning fair and decent work for domestic workers (Convention No. 189). The Decision was proposed by the Commission in March 2013 (see IP/13/264), and endorsed by the European Parliament. The 2011 ILO Domestic Workers Convention requires signatory countries to take measures to ensure fair and decent working conditions and to prevent abuse, violence and child labour in domestic employment.

World Bank Group President Jim Yong Kim visits the Myanmar North Dagon Township Hospital.

The strategic situation is stretched to the breaking point, pitting an existential threat to mankind's existence against the hope for a much better future. The battle is unresolved. On the one hand, there is the war faction, which is playing with fire in many world hot spots, trying to consolidate a global empire; on the other hand are those who are actively trying to prevent war, such as former U.S. Secretary of Defense Robert Gates, with his recently published memoirs. And beyond both of these, at a much higher level, there is a vision of a new era of mankind, which is absolutely within our reach.

The Governing Council of the European Central Bank, in cooperation with the Bank of England, the Bank of Japan and the Swiss National Bank, has decided on the future conduct of US dollar liquidity-providing operations.

A major flooding of the Seine River similar to the flood disaster of 1910 could affect up to 5 million residents in the greater Paris area and cause up to 30 billion euros worth of damage, according to a new OECD report. Economic growth, jobs and public finances could also be significantly affected.

In 2011, at the request of the Government of FYR Macedonia, the World Bank agreed to consider support for the proposed Lukovo Pole Hydropower Project. The proposed project aims to increase FYR Macedonia’s reliance on renewable energy and improve water storage capacity to reduce vulnerability to variations in rainfall. This would increase electricity generation from three existing downstream hydropower plants that are operating in the Mavrovo area, by building a storage dam with a small reservoir, as well as a small-scale hydropower plant.

The World Bank’s Board of Directors approved US$40 million in additional funding to strengthen Jamaica’s largest safety net program, already reaching more than 400,000 vulnerable people. The funding will enhance the effectiveness of the Program of Advancement through Health and Education (PATH) and expand its reach to more than half a million poor Jamaicans.

The Executive Board of the International Monetary Fund (IMF) adopted on January 22, 2014, a report to the Board of Governors—the IMF’s highest decision-making body —on the 2010 Reforms and the Fifteenth General Review of Quotas.

Romans have always known how to enjoy life, in good times and bad. Τhis is also why the European Parliament decided to host in Rome its ReACT event on Quality of Life, one of five held throughout Europe on different themes ahead of the May 2014 European Elections. The conference was held in Cinecittà. Health, sustainability and food were on the menu of the day for the experts and citizens attending the event.