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EU ends 2018 with 6.6 pct unemployment rate

The European Union ended 2018 with an unemployment rate of 6.6 percent, the EU's statistical office reported on Thursday. On a yearly basis, the unemployment rate in the EU fell 0.6 percentage points compared to 7.2 percent in December, 2017. "Eurostat estimates that 16.3 million men...

Malaysia enthrones new king after historic abdication

Malaysia on Thursday installed a new king, Sultan Abdullah Sultan Ahmad Shah, after the last monarch abdicated in a historic first following his reported marriage to a Russian ex-beauty queen. In a ceremony steeped in pomp and centuries of tradition, the sports-loving sultan, dressed in...

Five foreign journalists arrested in Venezuela

enezuelan authorities have detained five foreign journalists covering the standoff with opposition forces seeking the ouster of President Nicolas Maduro. Two others, from Chile, were deported as the crisis spilled over to hit journalists covering the oil-rich but economically crippled...

UN: Nearly 5,000 people leaving Venezuela every day

Nearly 5,000 people leave Venezuela every day, the UN Refugee Agency said Wednesday. Joung-ah Ghedini-Williams, a spokesperson for the UN High Commissioner for Refugees (UNHCR), said at a press conference at UN headquarters that Venezuelans are leaving the country because of "instability...

U.S. dollar up against Syrian pound

 (Zaman Al Wasl)- The Syrian pound (Lira) weakened against the U.S. dollar on Wednesday despite regime promises to revive the economy following the sign of  'strategic economy deals with Iran. The dollar was up 0.30 percent at 530 S.P in two weeks. Bashar al-Assad on...

Ireland's Lane only candidate for ECB chief economist

The governor of the Irish central bank, Philip Lane, is the only candidate to take over the highly influential role of chief economist of the ECB, a Eurogroup statement said Wednesday. Barring a major upset, Lane, who holds a PhD in economics, will take over from Belgian Peter Praet on May...