Economy

Lacking rights, Guatemalan workers struggle in informal economy

Guatemala City, Guatemala – Olivia Aju arrived at the airport before dawn, but not for a flight. For more than two decades, she has been selling crafts outside Guatemala City’s international airport. Now her means of subsistence is in jeopardy. “What we do is survival, because there are no job opportunities,” Aju told Al Jazeera. An indigenous Maya Kaqchikel and single mother of ...

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Construction industry reminded of its contribution to the economy

The Construction Industry Council was reminded of the importance of their contribution to the Fijian economy. Speaking at the CIC Conference in Suva, Governor of the Reserve Bank Ariff Ali says the industry generates employment opportunities and income from both the formal and informal sectors. Ali says the construction industry plays a pivotal role in boosting any economy but most ...

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Can greater digitisation boost Russia’s faltering economy?

Russia’s economy remains in the doldrums – in the first quarter of 2019 it grew by just half a percent year on year. And now, to address this, the government is tripling spending on digitising more areas of the economy. At the annual International Economic Forum in St Petersburg Euronews asked the CEO of IBS, one of Russia’s leading IT ...

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Economy resilient despite infrastructure reconstruction post-Winston

The reconstruction of infrastructure damaged by natural disasters since 2016 has cost the government $500m without crippling the economy. While delivering the budget announcement in Parliament on Friday, Minister for Economy Aiyaz Sayed-Khaiyum says this was possible because of a healthy economy under the Bainimarama Government. “The scale of the rebuilding effort was only possible because of the strength of ...

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Investment is the biggest disappointment of the Greek economy

The lack of investment is the biggest disappointment of the Greek economy, Themis Themistocleous, Head Chief Investment Office Europe at UBS Wealth Management, notes in an interview with Kathimerini, explaining why the Greek economy is trapped at low growth rates. He talks about what the outcome of the European elections means for investors while he stresses that the Greek government’s ...

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What’s gone wrong with Brazil’s economy?

On 1 January, when Brazil’s far-right president Jair Bolsonaro took office, many in the country were concerned that the divisive politician would not be able to bring the country together. But one sector was almost unanimous in praising Mr Bolsonaro’s rise to power: business people. Brazil’s president boasted during the election that he did not understand anything about economics. Once ...

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Tory leadership race could undermine confidence in UK economy

productivity is hardly growing at all. A leadership contest does little to boost confidence or certainty – especially when it is laden with threats to pull the UK out of the EU without a deal. The Johnson effect? In today’s fragile economic environment, Boris Johnson, in particular, has the potential of triggering large movements in the sterling exchange rate. Consider the ...

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10 Abreast Economy Will Become More Common On Airbus A350s

Last week at Airbus’ Innovation Days press event outside Toulouse, new chief commercial officer Christian Scherer spoke of ongoing efforts to decrease the discomfort of their A350s high-density configuration. The result: A very comfortable 10-abreast seating configuration. That’s the story at least. According to Runway Girl Network, Scherer said the following in response to a question about A350 capacity: It’s bad ...

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Northern Ireland economy ‘is slowest growing in UK’

Northern Ireland’s economy was the slowest growing of any UK region in the first quarter of 2019, an initial estimate has suggested. Figures from the Economic Statistics Centre of Excellence (ESCoE) put year-on-year growth at 0.7%. That compares with an average UK growth rate of 1.5%. ESCoE is a consortium of research institutions that work with the Office for National ...

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IFO says though economy has slowed slightly, state finances are stable

(Harrisburg) — Ahead of next month’s state budget negotiations, Pennsylvania’s Independent Fiscal Office has released a report reassuring lawmakers that revenues are stable. They came in nearly $900 million higher than expected for the fiscal year ending next month. Most of that money, however, is spoken for. At least some will likely go toward gaps in this year’s budget from hundreds of ...

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