UNESCO, the cultural and educational agency of the United Nations, expressed regret on Thursday over the United States’ official decision to leave its organization.
Director-general Irina Bokova said in a statement that the departure is a loss for "the United Nations family" and for multilateralism. She said the U.S. and UNESCO matter to each other more than ever now because "the rise of violent extremism and terrorism calls for new long-term responses for peace and security."
US employment fell in September for the first time since 2010 as hurricanes Harvey and Irma took their toll on the jobs market. The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labor market.
The US jobs market stalled in September, losing 33,000 jobs. It was the first time in seven years that the US monthly total had recorded a fall.
Warren Buffett has attacked US President Donald Trump’s plan to slash taxes for companies as well America’s richest individuals.
“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” billionaire investor Mr Buffett told CNBC, on Tuesday.
Latest reports revealed that the Consumer Price Index for July remained at about the same level it was seen back in June, when it was reported to have increased 1.2% y/y/. Is it reasonable to expect a higher inflation in the next quarter?
Yes, we do see inflation in Canada grinding higher in the next 3-6 months, though it is going to be a slow track up to the bank’s 2% target. Some of the weaknesses has occurred due to temporary factors that are likely going to reverse to some extent in the nearest future. At this point, we continue to believe that the economy is operating at a relatively high level and that the growth will create modest inflation pressure.
President Donald Trump said on Wednesday that taxes on rich Americans might rise, as he pursues a tax code overhaul and reaches out to both Democrats and Republicans in a push to win support for a plan still far from complete.
Trump met with the two top congressional Democrats over dinner at the White House in a search for common ground that could make it easier to get a tax-cut package through Congress.
Facebook will see a decline among teenagers in the U.S. this year, says market research firm eMarketer. Facebook usage among U.S. users between the ages of 12 and 17 is expected to decline for the first time this year, falling 3.4% from the previous year, according to the research. While this decline gives Snap Inc. a rare edge, as teens are fleeing to its platform, Facebook is still in the game as teens seem to be spending time on its other property, Instagram.
Bridgewater Associates founder and co-CIO Ray Dalio thinks that democracy is being threatened. In a LinkedIn post published Monday, Dalio said that democracies are healthy when the principles "that bind people are stronger than those that divide them." In turn, "democracies are threatened when the principles that divide people are more strongly held than those that bind them and when divided people are more inclined to fight than work to resolve their differences."
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