Tag: unemployment

THE US trade gap widened in January to $44.45bn (£29.53bn) from December’s figure of $38.14bn, the US Commerce Department has reported. Much of the rise...

Nothing typifies the vicious war against the poorest and most vulnerable sections of the working class more than the introduction next month of...

THE 4,000 people of Fifa village in northwestern Jordan rely on seasonal agricultural work in the Jordan Valley, sheep-breeding, and cash and material assistance...

STERLING posted significant declines against the US dollar and euro yesterday as UK growth prospects sank. The pound was 1.5030 against the US dollar and...

WITH Congress adjourned for the weekend, US President Obama was holding last-minute talks with Republican and Democratic leaders at the White House yesterday evening...

THE bourgeoisie of Europe woke up on Tuesday morning to discover, to their horror, headlines proclaiming that the third largest economy in Europe had...

THE POUND is set to fall dramatically when the money markets open in the City of London today, following Britain’s first ever sovereign ratings...

THE European Commission (EC) yesterday admitted that the eurozone economy would contract in 2013, saying it will shrink by 0.3%. The EC warned that Spain,...

IAG chairman Walsh plans to axe 3,800 jobs – a fifth of the Spanish Iberia airline’s workforce – in a country where unemployment is...

FOLLOWING Monday’s report that the eurozone contracted by 0.6% in the last three months of 2012, the Organisation for Economic Co-operation and Development (OECD)...

IRISH Congress of Trade Unions (ICTU) Chief Economist Paul Sweeney has told a high level global economic summit involving the IMF, World Bank and...

GREEK Statistics Authority (ELSTAT) announced catastrophic unemployment and recession figures in its monthly report on Thursday. ELSTAT stated that youth unemployment (15-24 years old) reached...

OFFICIAL figures released yesterday show that the economy of the 17 nations that comprise the eurozone suffered an overall crash of 0.6% in the...

THE COALITION government’s slave labour ‘Back to Work’ programme was dealt a major blow yesterday when, in a unanimous decision, three judges from the...

OVER 100,000 workers in their unions, with students and youth marched on Saturday through the centre of Dublin, furious at the 64 billion euros...

THE Food and Allied Workers Union (FAWU) has welcomed, as a ‘short term victory’, an increase in the minimum wage for farmworkers from R69...

The annual meeting of the World Economic Forum at the Swiss ski resort of Davos, ended last Saturday. The four days of the forum...

‘AS I HAVE said from the beginning, the best way for this strike to end is with Local 1181, Mayor Bloomberg and the city’s...

OBAMA began his second term on Monday, after four years of office which saw GM and other motor car giants go bust, Lehman Brothers...

‘OCCUPYING fire stations to stop their closure is a tactic that should be considered,’ David Williams West Yorkshire Brigade Secretary told News Line at...

THE South African government must nationalise mines that Anglo American Platinum Ltd (Amplats) is laying idle, the Association of Mineworkers and Construction Union (AMCU)...

Consumer Price Index (CPI) inflation remained at 2.7% in December, according to figures released yesterday, despite electricity, gas and food prices soaring, and wages...

DISABLED people and supporters demonstrated outside the Norwich offices of ATOS last Friday, 11 January, to demand an end to the Work Capability Assessments...

DESPITE fears of a ‘triple dip recession’, the Bank of England has kept interest rates and its Quantitative Easing (QE) monetary stimulus programme on...

Public school teachers in Ontario in Canada are set to go on strike against the state government for imposing new contracts under a controversial...

THERE is no more pathetic sight than that of European bourgeois politicians and economists manically trying to convince both themselves and the world at...

Today Parliament votes on the Tory coalition bill to place a 1% cap on all benefits and tax credits for the next three years...

MILIBAND’S Labour Party yesterday said that if it was the government it would offer the long-term unemployed a guarantee of a six-month job. This...

ISRAEL plans to step up arrests of suspected militants in the occupied West Bank to prevent a rising tide of low-intensity conflict and civil...

Teacher hostility to the government and its policies has increased dramatically in recent months, according to a YouGov survey of 804 teachers, which was...

THE New Year has kicked off with a frenzied attack by both Tory and their LibDem coalition partners on the low paid, unemployed, the...

US President Barack Obama has hailed the deal reached with the Republican Party to avert a ‘fiscal cliff’ of huge tax rises and spending...

2013 Manifesto – STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE News Line editorial board sends its revolutionary greetings for the year 2013 to the...

THE number of people who turn to foodbanks over the Christmas fortnight is expected to double, with the economic crisis driving more households below...

ABOUT 5,000 public sector workers took part in two strike marches in Athens last Wednesday against mass sackings and wage cuts. The one-day national...

GREEK local government along with college and university administrative workers are continuing with occupations, strikes and demonstrations against the government’s mass sackings plans. On...

THE announcement by the unelected Italian prime minister, Mario Monti, that he is quitting the job  sent the Italian economy into a massive crisis...

JERUSALEM – King Abdullah II of Jordan arrived in Ramallah on Thursday, in the first visit by an Arab leader since Palestine’s admission to...

UK MANUFACTURING output in October fell at its fastest rate since June, just-released official figures show. Output fell by 1.3%, the Office for National Statistics...

THE dust had barely settled on Tory chancellor George Osborne’s Autumn Statement on the state of the British economy before the gaping holes in...

COMMENTING on the Chancellor’s autumn statement, TUC general secretary Brendan Barber said: ‘When you are self-harming you should stop, not look for better sticking...

CHANCELLOR Osborne’s Autumn Statement to the House of Commons yesterday afternoon was a savage attack on the working class and the poor. Early in his...

TEN million households are suffering from the financial and political crisis says Which? as it calls on the coalition government, ahead of its Autumn...

LABOUR has won three by-elections, holding Croydon North, Middlesbrough and Rotherham, while the coalition governing parties were wiped out. The Tories came behind UKIP, their...

20,000 people took part in last Saturday’s march in Dublin organised by the Dublin Council of Trade Unions. The aim of the protest was to...