Finance & Economics | WPN World People News

Thousands of people turned out Sunday in cities all over Spain to defend health care and education and to express their rejection of the government's plans to cut 10 billion euros ($13.3 billion) in financing for both public services to fulfil its goals for reducing the deficit.

The consumer price in Australia continued to rise in April, said a survey released Monday.

The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 percent in April following a 0.5 percent rise in March, TD Securities said.

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'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.

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 has launched a tourist train connecting the country's northeastern Tumen county and the picturesque Chilbo mountain in neighbouring North Korea.

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 energy giant Lukoil inaugurated a petroleum-products terminal here Friday that is the fruit of its strategic alliance with Spain's Meroil.