Canadian Unemployment Highest in 7 Years

April 9th, 2009 • No Comments

The month of March 2009 saw the loss of 61,300 full-time jobs according to Statistics Canada, increasing the Canadian unemployment rate by 0.3 percent — raising the figure to 8 percent, a 7-year high for the country. Similar trends were seen throughout February and March in the United States and Britain, with jobless benefit claims in both countries rising to record highs. Continue reading ‘Canadian Unemployment Highest in 7 Years.’

Kuwaiti Parliament Dissolved

March 18th, 2009 • No Comments

Emir Sheikh Sabah Al-Ahmad Al-Sabah, ruler of Kuwait, on Wednesday announced the dissolution of parliament, and said that new elections would be held within 60 days. The announcement follows an emergency meeting called today between government officials. Continue reading ‘Kuwaiti Parliament Dissolved.’

U.K.: Unemployment Benefits at Record High

March 18th, 2009 • No Comments

The British Office for National Statistics says that the number of people claiming unemployment benefits in the U.K. is at record highs, according to numbers from February. An estimated 1.39 million residents are now on job seeker’s allowance, following a surge of new claimants totaling in excess of 138,000 last month. Continue reading ‘U.K.: Unemployment Benefits at Record High.’

G20 Finance Ministers Meet: A Summary

March 14th, 2009 • No Comments

On Saturday, March 14th, finance ministers and banking officials from the Group of 20 (G20) developed and developing economies began a conference at the five-star South Lodge Hotel in West Sussex to discuss the current financial crisis and plans for its resolution. The countries in attendance produce 80% of the world’s economic activity. Continue reading ‘G20 Finance Ministers Meet: A Summary.’