World Bulletin / News Desk
WThe number of jobseekers in France rose for the 14th month in a row in June to hit its highest level in nearly 13 years, adding pressure on the new Socialist government, which has made fighting unemployment a top priority.
Labour ministry data released on Wednesday showed the number of registered jobseekers in mainland France rose by 23,700 last month to 2.946 million.
The jobless total was the highest since August 1999 and marked an increase of 0.8 percent over one month and 7.8 percent over one year.
"In the face of this situation, the government is fully mobilised," the labour ministry said in a statement.
President Francois Hollande rode to power in a presidential election in May vowing to tackle surging unemployment, but is struggling to halt waves of layoffs with the economy under threat of slipping into recession.
His government is battling to reduce the impact of 8,000 job cuts by French carmaker PSA Peugeot Citroen, presenting on Wednesday a modest aid plan for the flagging automobile industry.
Hollande pledged during the election campaign to create 80,000 subsidised jobs and hire 60,000 people in the education sector as well as create a so-called "generation contract" to encourage companies to hire young workers.
The labour ministry also said that discussions about schemes for reduced working time would be held with unions and employers during the second half of the year with the aim to reach an agreement in January.
The ministry's data is the most frequently reported domestic jobs indicator for France, although it is not prepared according to widely used International Labour Organisation (ILO) standards nor expressed as an unemployment rate of number of job seekers compared to the total work force.
The unemployment rate hit the psychologically important level of 10.0 percent in the first quarter, the latest period for which ILO figures are available.
Bankers in Singapore say Russians looking for a new Cyprus have come to the wrong place.
The default could get much messier and take longer to clear up if creditors force an "acceleration" for early payment on their bonds.
The ban came a day after the European Union and United States imposed their first sanctions aimed at hitting broad sectors of the Russian economy
Russia called new U.S. sanctions "destructive and short-sighted"
While the default will obviously hurt the economy, it will not be as severe as in 2001, economists say
The Czechs, who supported the action, have been against sweeping sanctions, worried about trade relations with Russia
The trade program has been criticized for disproportionately benefiting certain industries and a handful of countries, including Nigeria, South Africa and Angola.
The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo.
The uncertainty comes at a bad time for the 18 countries in the euro zone, whose economy is already in the doldrums.
"Kalashnikov regrets that consumers are faced with such a problem," said spokeswoman Yekaterina Boni.
Cairo and Khartoum had earlier accepted a proposal by Addis Ababa to hold the talks in Sudan in the third week of August.
Discounting the bulk of Japan's 48 reactors due to their long-term outage, the report said the number of operating units in the world has fallen to 388, 50 less than the peak in 2002.
Over 200,000 NUMSA-affiliated metalworkers declared a nationwide strike on July 1 to demand a 15-percent pay raise for laborers and a ban on labor brokers
The council said in a statement that any trade in oil ISIL or Nusra Front, would violate United Nations sanctions as both groups have been blacklisted.
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.
Kerry will be heading the U.S. team at the annual Strategic Dialogue with India on Thursday, and will be accompanied by U.S. Commerce Secretary Penny Pritzker.