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Jobs crisis Temporary residents and recent immigrants are driving up Canada’s unemployment rate, as record numbers of newcomers welcomed to the country to fill labor shortages are now struggling to find work, Bloomberg has reported. The unemployment rate for temporary residents – including foreign workers, international students and asylum seekers – was 11% in June, according to Bloomberg calculations. Using comparable data, the unemployment rate for all workers was just 6.2% last month. Immigrants who’ve landed in the last five years are also having a hard time finding a job, with their unemployment rate reaching 12.6% in June.

Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2% target, ECB policymaker Pierre Wunsch said in an interview. The ECB cut rates in early June but made no commitment about any further moves, arguing inflation was still too high and it lacked the confidence that 2% was within reach.

Frozan Ahmadzai is one of 200,000 Afghan women who have the Taliban’s permission to work

global investments from April to June, marking a third consecutive quarter of growth in funding, according to British investment firm Seraphim Space. WHY IT'S IMPORTANT This positive trend follows a period of high interest rates that had deterred investors from funding companies involved in rockets, satellites and space-based data services.

Britain, the birthplace of the Industrial Revolution, erstwhile coal-burning imperial behemoth, wants to be a “clean energy superpower.” At least that’s the promise of the man poised to be the next prime minister, Keir Starmer. His Labour Party was projected to win the parliamentary elections Thursday, ending 14 years of Conservative Party rule. Labour made big campaign promises on climate. How that actually plays out will be felt not only in the daily lives of people in Britain, but also on the nation’s standing in the world.

Rishi Sunak, the current UK Prime Minister had called for a snap elections recently across the country that had come as a surprise and shock for both UK residents as well as pollsters, with the polling booths to finally open in the morning of July 4, within a matter of hours.

Joe Biden on Tuesday announced a historic donation of air-defence equipment for Ukraine and said Russia is failing in this war. Welcoming leaders of NATO member countries for the historic summit on the occasion of its 75th anniversary, Biden said the United States, Germany, the Netherlands, Romania and Italy will provide Ukraine with the equipment for five additional strategic air-defence systems. In the coming months, the US and its partners intend to provide Ukraine with dozens of additional tactical air-defence systems, he said, adding that the US will make sure that when «we export critical air-defence interceptors, Ukraine goes to the front of the line». «They will get this assistance before anyone else gets it. All told, Ukraine will receive hundreds of additional interceptors over the next year, helping protect Ukrainian cities against Russian missile and Ukrainian troops facing air attacks on their front lines,» Biden said.

The data suggested growth in demand for residential properties is not restricted to top seven major cities. As per the data, the sales of housing units in India’s 30 major tier II cities stood at 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year.

Pakistan's Foreign Ministry says authorities will expel hundreds of thousands more Afghans who have been living in Pakistan for years, the latest in a monthslong government clampdown on undocumented migrants

Arvind Kejriwal in a case related to the now-scrapped excise policy. Reacting to this, Bhagirath Choudhary, Bharatiya Janata Party (BJP) Union Minister of State for Agriculture and Farmers Welfare, affirmed that action will be taken against all corrupt individuals, regardless of their party affiliation. Choudhary stated, «Those who are corrupt will not be spared. PM Modi's vision is to make India corruption-free. Action will be taken against the corrupt from any party.» He criticized Kejriwal, alleging a stark transformation from his activist days with Anna Hazare to his current lifestyle. «Kejriwal, who once walked in slippers protesting against Congress, has now spent a fortune on his luxury residence. Be it the liquor scam or Janata clinics, his corrupt practices are evident,» Choudhary added. Choudhary reminisced about the anti-corruption protests led by Anna Hazare and Kejriwal, expressing disappointment in Kejriwal's alleged shift from those ideals. «He may have received interim bail, but once a corrupt leader, always a corrupt leader. These corrupt individuals will face justice. Till they are rooted out, our country cannot progress,» he asserted.

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped

When it comes to France’s turbulent politics, the current impasse is probably the best investors could have hoped for. The second round of French legislative elections delivered a widely expected hung parliament, but not its predicted makeup: Rather than coming in first, Marine Le Pen’s far-right and anti-immigrant National Rally finished third. In a shock twist, the leftist New Popular Front alliance emerged victorious, with the party of President Emmanuel Macron and its allies in second place.

President Joe Biden’s debate debacle laid bare a disgraceful willingness to deliberately mislead the public about a subject of geopolitical significance — the failing mental capacity of the world’s most powerful person. Perpetrators of this reckless disinformation campaign include the Biden family, White House staff, Democratic members of Congress, senior Democratic Party spokespeople and the progressive mainstream media.

Ukrainian President Volodymyr Zelenskyy says he expects the upcoming NATO summit to provide specific steps to strengthen his country’s air defenses against Russia

NEW DELHI : Prime Minister Narendra Modi on Thursday discussed ways to augment all-round growth with economists ahead of his government’s first post-election budget, two persons close to the discussions said. The discussion was on “ways to accelerate growth and employment across sectors and regions", which covered all the pressing issues facing the economy, said one of the persons on the condition of anonymity. Growth and employment generation top the priority list of the Modi administration as the government faces pressure to create adequate opportunities for the country's large workforce.

One 97 Communication also known as Paytm, founder Vijay Shekhar Sharma expects the focus to be on digitisation and start-ups getting support from the upcoming Union Budget 2024, the founder told ANI during an event on Saturday, July 6th.“I want the government to support them (small businesses), give them some incentives or in a way bring some advantages for them, digitisation should get support in the budget, start-ups should get support," said Sharma when asked about his expectations.The fin-tech founder also highlighted his expectations from the Government of India to focus on enhancing the Open Network for Digital Commerce (ONDC) platform and amending the overall e-commerce policy in the country, as the initiative aims to become the platform for small traders in India.“My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce platform for the small traders of our country, so we should talk about the creation and amendment of the overall e-commerce policy and about the enhancement of platforms like ONDC which have been created by the Government of India," he said.Vijay Shekhar Sharma focused on the infrastructural developments done by the Bhartiya Janata Party (BJP) government since 2014, The last decade has led to increasing connectivity of roads and airline infrastructure, and the focus has shifted to the Tier 2 and Tier 3 cities for upcoming businesses and developments, he said.“I believe this is a very important year for our dream of building a $5 trillion developed India because now we are seeing the pendulum swing in one direction," said Sharma.The fin-tech startup founder when asked about the high attrition rate in Paytm said, “All is well and all is

Shubman Gill and Riyan Parag who termed it as an «inspiration» while vowing to bring more glory to the nation in future. The new line of Indian players is here to play a five-match T20I series against Zimbabwe, which is starting from Saturday at the Harare Sports Club. Gill, who is leading the contingent here, was a travelling reserve with Rohit Sharma's men before returning to India after the group stage of the T20 WC which was held in the USA. The 24-year-old rated the victory as a «feather in the cap».

Indians in Qatar will be able to scan a QR code and make payments via UPI as NPCI International Payments (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar. «We believe that enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting the country and simplifying their transactions,» said Anubhav Sharma, deputy chief of partnerships and business development at NPCI International. The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected at 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India, a release from NPCI said.

Bolivians have been hit hard by economic turmoil in the small South American nation fueled by a longtime hyper-dependence on, and now shortage of, U.S. dollars

On Friday afternoon, when many Canadians were lost in weekend thoughts or already on their way to the cottage, Canada’s bank regulator — The Office of the Superintendent of Financial Institutions — announced it will delay for one year implementing the final elements of the Basel III accord.

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more