World Bulletin / News Desk
Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country's groaning economy to 5,200.
Unemployment in Italy stands at nearly 11 percent, according to the latest figures from national statistics agency Istat.
That number spikes to nearly 20 percent for those aged between 15 and 34 and just under 32 percent for the 15-24 year age range.
Economic growth in Italy has lagged behind the rest of the eurozone in recent years.
This year the country is forecast to see 1.5 percent economic growth, compared to 2.3 percent for the bloc as a whole.
On Wednesday Amazon announced that it would be bringing 2,500 jobs to the United Kingdom, boosting its workforce there to 27,500 people.
Online shopping king Amazon's growth comes at a time when other big retailers are slashing jobs.
British supermarket chain Marks & Spencer is set to close more than 100 stores in the UK by 2022.
US uranium production dropped from 49 percent in 1987 to 5 percent today
Chileshe Kapwepwe from Zambia becomes first woman to head trade bloc
Last month, inflation among EA19 countries rose to 2 percent, up 1.3 percent from same month last year, says Eurostat
BIST 100 climbs 0.10 pct, while Turkish lira gains value against foreign currencies
Nearly 8.5 million new passenger cars were registered in EU in first half of 2018, says manufacturers' association
Economic partnership agreement is biggest ever negotiated by EU and will create an open trade zone
BIST 100 rises 0.08 pct; US dollar/Turkish lira exchange rate stands at 4.8420
The dollar was up versus the yen but down against the euro and pound, with all eyes on US President Donald Trump's summit with Russian counterpart Vladimir Putin in Helsinki.
Tax revenues totals nearly $72.1 billion while interest payments amounts to over $8.2 billion in January-June period
BIST 100 rises over 700 points; USD/TRY exchange rate stays at 4.8360
Country's egg, chicken, turkey, and meat production climbed in May on yearly basis, says official data
BIST 100 rises over 400 points, while USD/TRY exchange rate drops to 4.8460
Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy projects
Share of young people in Turkey age 15-24 who are not in employment, education, or training down 4.5 pct in Q1 year-on-year
Treasury and Finance Minister Berat Albayrak says effective Central Bank is among main policy targets of new era
The European Commission, the EU's executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower than the 2.3 percent forecast just weeks ago in early May.