Economy News - LeadStory

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Nearly half of under 34's are unemployed in South Africa

South Africa's ailing economy has left many people struggling to find work. One of them is Valencia Baloyi who's been looking for a job since she graduated from university. This is her story.

Al Jazeera

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How the 'Bengaluru dream' turned into a nightmare

Gridlocked roads and dire water shortages have become major issues in Bengaluru. Kkavya, who hails from Kashmir, says she moved to the city to pursue a dream job opportunity. Now, she wants to run away "as soon as possible."

Reuters

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Venice launches $5 entry fee for visitors

Italy's iconic city of Venice is trying a new scheme to reduce overcrowding. It's charging $5 for those who want to visit on busy days. The tax is the first of its kind in the world, and not everyone is happy.

Al Jazeera

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Palestinians in West Bank boycott Israeli products

The war on Gaza has led to renewed calls to boycott Israeli products. For years, Palestinians have urged international sanctions to be imposed, to pressure Israel to end its occupation. But for those in the West Bank, Israel's strangleho...

Al Jazeera

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Brexit border checks: U.K. stores fear costs, delays

Food firms are warning that the start of physical checks at UK border control posts, along with higher charges, from April 30, will restrict the variety and freshness of fine artisan foods such as cheese, pasta and olive oil, send prices...

Reuters

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The faces of inequality in India

India remains one of the most unequal countries worldwide when it comes to economic and gender inequalities, we met two families to show this gap.

DW News

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I.L.O. report reveals 83% of young Indians are jobless

In India, a recent report by the International Labour Organization reveals that 83 percent of young people are unemployed. This problem extends across all classes, from rural youths with limited education to highly educated individuals f...

France 24

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Australia supermarket chiefs face senate probe

The CEO of Australia’s major supermarket chain has been threatened with jail after refusing to answer questions before a senate inquiry into price fixing. Shoppers accuse grocery stores of using inflation and supply chain issues as an ex...

Al Jazeera

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U.S. animal sanctuaries worry as inflation bites

An informal survey conducted by the Catskill Animal Sanctuary in upstate New York has found that rising costs due to inflation, in tandem with a drop in donations, are putting pressure on animal sanctuaries across the United States.

Reuters

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U.S. retail sales surge as consumer demand persists

U.S. retail sales topped forecasts in March, showcasing resilient consumer demand and suggesting plenty of momentum in consumer spending heading into the second quarter.

Bloomberg

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Jellyfish invasion disrupts Venezuela’s fishing, tourism

Fishermen in Venezuela are warning of an unusual invasion of jellyfish. Millions have appeared off the coast recently, severely affecting much-needed fishing and tourism industries.

Al Jazeera

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Senegal's Faye orders economic 'action plan'

Senegalese President Bassirou Diomaye Faye ordered his prime minister to draw up an urgent "action plan" to strengthen the country's flagging economy and finances, his office said in a statement.

France 24

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Fitch Ratings lowers China’s sovereign credit outlook to negative

Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing. The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate...

Al Jazeera

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Eclipse tourism brings economic windfall

The solar eclipse that captivated viewers across North America was also a delight for the hospitality and retail sectors. Hotels, property rentals, and restaurants were booked along the eclipse's path, while tourists also opened their wa...

France 24

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Canada pledges billions in defence, short of NATO target

Canada has pledged to spend billions on defence spurred on by Russia's invasion of Ukraine, but even with that increase won't achieve NATO's target of two per cent of GDP.

Turkey's economic crisis has taken a toll on retirees, as rising inflation and the cost of living have made it increasingly difficult for them to make ends meet. Despite recent pension increases, many retirees are struggling. As Turkey g...

Al Jazeera

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Baltimore port closure's effect on shipping times, costs

Industry analysts expect reshuffling cargo may add short waits or minor extra expense to shipping costs. But other East Coast ports are expected to take up much of the traffic that would have moved through Baltimore.

Scripps News

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U.N. says more than 1 billion meals wasted per day

Households around the world threw away one billion meals every single day in 2022 in what the United Nations has called a "global tragedy" of food waste. More than $1 trillion worth of food was binned by households and businesses at a ti...

France 24

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Poverty rate in Argentina approaching a 20-year high

Argentina's economic crisis has pushed poverty rates to a 20-year high, forcing many to scavenge in garbage dumps. As the country grapples with skyrocketing inflation, unemployment, and a struggling economy, more and more Argentinians ar...

Al Jazeera