Developing countries see swelling middle class: ILO
Workers in developing countries are increasingly moving to better jobs and joining the middle class, but 839 million workers still earn less than $2.00 a day, the International Labour Organization said.
“The developing countries are generally in a process of catching up with the advanced economies,” ILO chief Guy Ryder told reporters in Geneva ahead of the release of the agency’s annual World of Work Report on Tuesday.
Between 1980 and 2011, per capita income in the developing countries like Senegal, Vietnam and Tunisia on average grew 3.3 percent each year, which is far faster than the 1.8 percent growth seen in advanced economies, the report said.
Modi sworn in as Indian prime minister
Narendra Modi has been sworn in as India's new prime minister in a ceremony in the forecourt of the presidential palace in Delhi. Mr Modi took the oath before thousands of guests, including his counterpart from rival Pakistan, Nawaz Sharif.
It is the first time since the two countries won independence in 1947 that a prime minister from one state has attended such a ceremony in the other.
Mr Modi led his BJP party to a landslide win in the recent election, reports BBC.
The BJP won the biggest victory by any party in India for 30 years, gainin...
Mr Modi led his BJP party to a landslide win in the recent election, reports BBC.
The BJP won the biggest victory by any party in India for 30 years, gainin...
Eurosceptic ‘earthquake’ rocks EU elections
Eurosceptic and far-right parties have seized ground in elections to the European parliament, in what France’s PM called a “political earthquake”.
While the French National Front and UK Independence Party both appear headed for first place, the three big centrist blocs in parliament all lost seats, reports the BBC.
The outcome means a greater say for those who want to cut back the EU’s powers, or abolish it completely.
But EU supporters will be pleased that election turnout was slightly higher.
It was 43.1%, according to provisional European Parliament f...
But EU supporters will be pleased that election turnout was slightly higher.
It was 43.1%, according to provisional European Parliament f...
Putin heads to China as Ukraine sinks ties with West
Russian President Vladimir Putin heads to China on Tuesday to shore up eastern ties as relations with the West plunge to new lows over the Ukraine crisis.
During a two-day visit to Shanghai, Putin and Chinese host Xi Jinping will seek to clinch a raft of agreements including a landmark gas deal crucial for Moscow as Europe seeks to cut reliance on Russian oil and gas.
The two leaders will also take part in a regional security forum and oversee the start of joint naval exercises off Shanghai in the East China Sea, reports AFP.
Moscow’s relations wit...
Moscow’s relations wit...
Modi wins landslide victory in Indian election
After five weeks of voting and more than 550-million votes cast across India, preliminary results suggest an historic rout for the ruling Indian National Congress party and an astonishing, though widely predicted, victory for Narendra Modi and the country’s right-wing, Hindu nationalist Bharatiya Janata Party.
Whoever emerges victorious in India’s elections, winning will be just the first of many challenges ahead, with the days of near double-digit growth a distant dream, says Breakingviews’ Andy Mukherjee.
Change could be coming to India wit...
Change could be coming to India wit...
Tough road in Vienna to Iran nuclear deal
Iran and world powers will resume negotiating a final deal on Tehran’s nuclear programme Tuesday in Vienna while experts warn the hardest work is about to begin.
Representatives from Iran and the U.S. indicated last month that the drafting of a final deal would begin during this round of talks scheduled for five days – the longest session since the extended talks that led to the interim “Joint Plan of Action” (JPOA) reached Nov. 24, 2013 in Geneva.
“So far Iran has adhered to its undertaking, and it does seem that both sides are determined to s...
Representatives from Iran and the U.S. indicated last month that the drafting of a final deal would begin during this round of talks scheduled for five days – the longest session since the extended talks that led to the interim “Joint Plan of Action” (JPOA) reached Nov. 24, 2013 in Geneva.
“So far Iran has adhered to its undertaking, and it does seem that both sides are determined to s...
