With the US economy reeling from the effects of the coronavirus pandemic, the Senate Foreign Relations Committee agreed to give Israel a minimum of $3.8 billion in military aid per year. A full vote on the gift is expected soon. The US unemployment rate now stands at 14.7 percent, the worst figure since records began. Nearly 39 million Americans have lost their jobs since the coronavirus reached US... 

Poverty, unemployment, underemployment, hunger, food insecurity, and overall deprivation affect million of households in the world’s richest country USA. Why? It’s because both right wings of its war party devote most of the nation’s discretionary income for militarism, maintaining the Pentagon’s global empire of bases, and endless aggression in multiple theaters – along... 

A new study conducted by Professor Emeritus in Economics Lars Calmsfors has revealed that Sweden compared to Norway, Denmark, and Finland has the most difficulty integrating newly arrived migrants into the labor force. In the study, Professor Calmsfors notes that one of the central problems with getting newly arrived migrants to work is that most are unskilled or low-skilled workers, and the hurdles... 

Dozens of protesters have been detained following an unauthorized opposition protest, dubbed ‘Freedom Day,’ in Belarus’ capital, Minsk. About 500 people attempted to reach the gathering point – the Belarus Academy of Sciences – but were blocked by police, RIA Novosti news agency reported. They then gathered in a column and tried to pass along Independence Avenue, chanting “Long Live Belarus”... 

Zimbabwean president Robert Mugabe has once again been mocked on social media after a photo of the leader beside a giant cartoonish statue of himself went viral. In the statue Mugabe is giving the clenched fist communist salute. The 92 year-old, who has been the country’s president for almost 30 years, unveiled his own likeness at State House in Harare last week, according to New Zimbabwe. The 3.8... 

The White House doesn’t get “too disappointed” over the number of unemployed and underemployed Americans. “I’ve been reacting to jobs numbers here at the White House for more than seven years, and what is true today has been true in the past, which is, we don’t get too excited when jobs numbers are better than expected and we don’t get too disappointed when jobs numbers... 

The majority of French people are opposed to easing the rules for Muslim refugees hoping to settle in the country, according to a new poll. The survey also revealed that most citizens would support sending ground troops to fight Islamic State in Syria. The survey, conducted by Odoxa for Le Parisien, revealed that 55 percent of the 1,000 people surveyed were against softening the rules for refugees... 

Barclays has reportedly announced plans to cut more than 30,000 jobs within two years, in a move that comes just two weeks after the bank’s chief executive Antony Jenkins was fired. More than 30,000 employees of Barclays, the seventh-largest bank in the world in terms of managed assets, will be laid off within the next two years, in a development that comes amid the bank’s efforts to speed... 

The jobless rate in Australia reaches a 12-year high. Official figures show that the unemployment rate in Australia reached a 12-year high of 6.4 percent in the month of January. The Australian Bureau of Statistics said on Thursday that the number of full-time employment had dropped by 28,100 last month. “The decrease in employment was driven by decreased full-time employment for both males (down... 

German Industrial machinery maker Siemens has said it will slash 7,800 jobs worldwide as part of a restructuring plan aimed at saving almost one billion euros (USD 1.14 billion). “In a drive to streamline administrative and overhead functions, about 7,800 jobs are to be cut worldwide, including some 3,300 in Germany,” the company said in a statement released on Friday. Joe Kaeser, the... 

Workers laid off by an American auto parts company in Argentina have burnt US flags during a protest march on Washington’s embassy in the country’s capital, Buenos Aires. The Wednesday evening protest rally was triggered by job losses at a manufacturing plant run by US auto parts maker Lear as the Argentine automotive industry reels from an ailing economy. Hundreds of Argentinean workers, many... 

A conference to discuss the status of poverty in the European Union has been held in the Belgian capital Brussels, Press TV reports. The conference gathered over 700 politicians, academics and rights campaigners to discuss the EU’s ongoing economic crisis focusing on unemployment and social exclusion. EU governments, institutions and structures were criticized during the conference over their failure... 

A recent study has shown that less than one out of two working-age Italians held a job last year, amid a decade-long employment crisis, Press TV reports. The study conducted by Bruno Trentin Association, linked to the Italian General Confederation of Labour (CGIL), found that Italy’s employment rate stood at almost 49 percent in 2013. The report also found that even though the country’s unemployment... 

The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history. In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella. Layoffs represent about 14 percent of the company’s workforce and will be completed by next June. Nadella,... 

Canada’s unemployment rate has edged up to 7.1 percent as government data showed the economy unexpectedly shed thousands of jobs in June. Canada’s jobless rate increased to 7.1 percent from 7.0 percent in May, marking the highest record in six months, Statistics Canada reported on Friday. Economic growth also fell below expectations as the country shed some 9,400 jobs in June. The total number...