Auto production in Mexico and Brazil, Latin America's top producers, plunged by an unprecedented 99% in April as a result of the coronavirus crisis, with the two countries building a total of just 5,569 vehicles.

The Moon Jae-in government has decided to pay 100,000 won (US$88) a month per child younger than 5 years beginning in July next year. The basic pension payment of 200,000 won currently given to low-income (lower 70% of income scale) senior citizens older than 65 years will be increased to 250,000 won from April next year.  The additional expenses for these two items will be 13.4 trillion won for children's allowance and 29.5 trillion won for senior citizen pension payments for the next...

Hyundai Merchant Marine is pushing forward with a plan to attract an investment of up to 1 trillion won from BlackRock, the world's largest asset management firm. According to investment banking industry and shipping industry sources on August 20, the company is currently in talks with BlackRock to bring in an investment of 600 billion won to 1 trillion won. The investment will be made in the form of BlackRock taking part in a capital increase by Hyundai. Once the deal is successful, the equi...

Samsung Electronics said on August 20 that its Samsung Pay service has surpassed the 10-trillion-won milestone in payment volume within two years since launch. Introduced in August 2015, Samsung Pay exceeded the 1-trillion-won level in August last year. Since that time on, the service volume quadrupled for one year's time. An official with Samsung Electronics said, "The volume of out online transactions has taken off since last year, accounting for 30 percent of the total online transactions....

The household debt balance has rapidly increased to approach 1,400 trillion won (US$1.24 trillion) as of the end of June this year. It is estimated the balance may have surpassed the 1,400-trillion-won level by mid-August. As the amount of household debt reaches 90 percent of the gross domestic products (1,637 trillion won at the end of last year), economists began warning the high debt level may pose an obstacle to further growth.According to the Bank of Korea on August 23, the balance of house...

The volume of welfare budget set aside by local governments has surpassed the 50-trillion-won level for the first time in history to 53 trillion won (US$46.9 billion). This is 59 percent higher than what it was five years ago. According to the 2017 Statistical Yearbook published by the Ministry of the Interior and Safety on September 4, the aggregate welfare budget of local government for the first six months of the year was 52,601.4 billion won, up 6.2 percent (3,081.7 billion won) from the ...

The Daesan petrochemical industrial zone in Seosan, South Chungcheong Province, will transform into an advanced chemical industrial complex. The nation's major petrochemical companies may invest up to 10 trillion won in this area. On September 14, S-Oil, Lotte Chemical, Hanwha Total, South Chungcheong provincial government, and Seosan city gathered in Lotte World Tower and signed a memorandum to create a Daesan specialized industrial complex. Currently the area is home to large petrochemical ...

Private-sector power generators are complaining mightily about the government's pressure on them to switch coal-fired power plants they are building into ones based on liquefied natural gas. That's largely because the government is mum about the sunk cost and other costs to retrofit the plants estimated to be as high as 2.6 trillion won. According to private-sector power generation industry sources on September 17, the Ministry of Trade, Industry, and Energy requested to POSCO Energy, SK Gas,...

Chief executives of the nation's leading companies like Samsung Electronics, SK Hynix, and LG Display have made a request to the government to relieve the problem of labor shortage in the area of semiconductor and display. Kwon Oh-hyun, vice chairman of Samsung Electronics, said on September 18 in a discussion session held in Kensington Hotel in Seoul's Yoido presided over by Minister of Trade, Industry, and Energy Baek Woon-gyu, "Skilled workers are in short supply in fast-growing industries...

Speed brief: On 11 July 2019, the UK Government published legislation confirming its intention to introduce a digital services tax (DST). The key features of this DST are as follows: • 2% tax on revenues (not profit) generated from UK users &bu...

President Cyril Ramaphosa has received a request from the Information Regulator Chairperson to declare that the remaining provisions of the Protection of Personal Information Act (POPIA) commence on 1 April 2020. If the President acts on the Informa...

As web-based child exploitation explodes, cops have to carry on doing their job while trying to stay safe from COVID-19 infection. ......

Washington: The US is working to temporarily ban the issuance of some work-based visas like H-1B, popular among highly-skilled Indian IT professionals, as well as student visas and work authorisation that accompanies them, amidst the high level of unemployment due to the coronavirus, according to a media report on Friday. The H-1B is a non-immigrant visa that allows US companies to employ foreign workers from countries like India and China in speciality occupations that require theoretical or technical...

1. US to temporarily ban work-based visas including H-1B  Deccan Chronicle
2. US lawmakers want H-1B visas and foreign students internship suspended to protect American jobs  Times of India
3. US Mulls Temporary Ban on Work Visas Amid Unemployment: Reports  The Quint
4. US likely to temporarily ban work-based visas like H-1B due to rise in unemployment  Zee News
5. 5 US lawmakers ask Trump to suspend new H-1B visas  The Tribune India
6. View Full coverage on Google News

Turkish Treasury's cash balance this April posted a deficit of 46.2 billion Turkish liras ($6.6 billion), the Treasury and Finance Ministry said on May 8. 

The International Football Association Board (IFAB) confirmed on May 8 that teams can make extra substitutions during games to "protect player welfare" in response to the coronavirus pandemic.

Background The Parental Bereavement (Leave and Pay) Act 2018 received Royal Assent as long ago as 13 September 2018. The intention was the Act would come into force in 2020, with further clarification on the provisions to be contained in regulations...

The U.S. president became his own worst enemy over the course of 30 days.

Rokuro Inui uses familiar elements of Japanese culture and history to build the world of his 2019 novel “Automatic Eve” (originally published in Japanese in ...

[Namibian] POLICE arrested 143 suspects for drug-related crimes in April, the latest police report on drug busts and arrests says.

The Labor Department's monthly employment report also showed the unemployment rate surging to 14.7% last month, shattering the post-World War II record of 10.8% touched in November 1982.

China’s exports returned to growth in April, beating forecasts and suggesting that an expected demand shock from coronavirus containment efforts around the world will come further down the line.April exports rose by 3.5 per cent from a year earlier, reversing the 6.6 per cent fall in March and much better than the combined minus 17.2 per cent collapse in January and February. April’s return was much better than the expectations of a Bloomberg poll of analysts, which had predicted an 11 per cent…

Car sales in China likely rose in April from a year earlier, its top industry body said on Thursday, ending almost two years of declines and signalling that the world’s biggest market is recovering from the coronavirus shock.April’s sales of 2 million units likely pushed sales up 0.9 per cent from a year earlier, and 39.8 per cent from March, the China Association of Automobile Manufacturers (CAAM) said in a post on its official WeChat account.It added its forecast was based on sales data it…

A surprise jump in Chinese exports in April will be short-lived, analysts said, with the world’s second largest economy unable to stay sheltered from the demand shock to come from the global economic downturn.A 3.5 per cent rise in shipments last month caught economists by surprise and left them scrambling for explanations as the consensus forecast was for an 11 per cent contraction.The rise was, in part, due to factories coming back online in China in March and April to fulfil orders that had…

With shops and factories closed nationwide due to the coronavirus pandemic, nearly all of the jobs created in the US economy in the last decade were wiped out in a single month.An unprecedented 20.5 million jobs were destroyed in April in the world’s largest economy, driving the unemployment rate to 14.7 per cent compared to 4.4 per cent in March, the Labour Department said in its monthly report, the first to capture the impact of a full month of the lockdowns.The US is home to the world’s…

The government said hospitals, long-term care homes, retirement homes, and women's shelters are in need of staff including custodial and maintenance workers. 

SEOUL: North Korea lashed out at South Korea over recent military drills, while leader Kim Jong Un sent a personal message to China’s Xi Jinping to congratulate him on that country’s success in controlling the coronavirus, state media reported on Friday, foreign media reported.A North...

The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the previous decade in the world's largest economy, the country's labour department reported on Friday.

The unprecedented collapse drove the unemployment rate to 14.7 per cent — well beyond the peak hit in late 2009 during the global financial crisis — from 4.4pc in March.

And job losses in March were worse than initially reported, falling 870,000 even though the business closures mostly happened in the second half of the month.

The plunge in non-farm payroll employment was the largest ever recorded since 1939, while the jobless rate was the highest and the biggest increase since 1948, the report said.

Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality, the first sector hit and the one bearing the brunt of the impact of the lockdowns.

However, the labour department noted that the some workers were misclassified in the report as employed when they should have been counted as laid off.

Had they been listed properly, the unemployment rate would have been nearly five percentage points higher.

Meanwhile, US President Donald Trump downplayed unprecedented US job losses, saying they were not a surprise.

“It's fully expected, there's no surprise. Somebody said, 'oh look at this,'” he said on Fox News minutes after the labour department published the figures.

“I'll bring it back,” he said.

This paper documents the Chair's Summary of the Development Effectiveness Committee (DEC) discussion held on 14 April 2020. The commitee discussed the 2019 Development Effectiveness Review (DEfR), and the 2019 Annual Portfolio Performance Report (APPR).

MicroSolutions March/April 2017

MicroSolutions March/April 2018

Stamford, CT, Feb. 3, 2020 -- HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies and solutions for automotive, consumer and enterprise markets, today announced that Dinesh Paliwal will step down on April...

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Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth stalled by the...

It took 20 years of planning and lots of hot water to drill 2 kilometres into Antarctica. Andy Smith describes a ground- breaking achievement

This week, make your own ending to a thriller set in a locked-down lab, join a nature walk to track Europe’s spring and listen to the trends shaping our future

A trillion new trees isn’t the only climate solution, but it is the cheapest and it would make a huge difference if we do it right, says ecologist Tom Crowther

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The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has more.

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