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.
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.
Country's central government research and development expenditures rise by 17.5 percent year-on-year in 2017
The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order to bring prices down from multi-year highs.
In its monthly report, the Organization of the Petroleum Exporting Countries said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude.
12-month rolling deficit stands at $57.6 billion, Turkish central bank says
BIST 100 slips over 1.03 points, while USD/TRY exchange rate at 4.7260
Housing prices up 4.5 pct in Q4 2017 compared to previous year, says Eurostat