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British unemployment rate drops below 7.0%

Britain's unemployment rate dropped to a five-year low point of 6.9 percent in the quarter to February, as the country's economic recovery picks up speed before next year's general election. The rate dropped from 7.2 percent in the quarter to January, the Office for National Statistics said in a statement, while the fall was bigger than expected with analysts forecasting a drop to 7.1 percent.

Charity urges Spain to boost fight against child poverty

The charity Save the Children launched a petition Tuesday urging Spain to do more for deprived children in the crisis-hit country, where one in three minors lives at risk of poverty. "The situation is urgent and it requires urgent measures," the director of the Spanish branch of the organisation, Andres Conde, told a news conference. The petition calls on the government to extend child benefit payments to all families living below the poverty line, increase the amount that is paid and move to monthly instead of twice-yearly payments.

Higher food costs in India probably pushed inflation up in March

By Rajesh Kumar Singh NEW DELHI (Reuters) - Inflation in India is expected to have edged up on higher food costs in March, snapping a three-month easing trend that will give the central bank less scope to support the economy amid fresh signs of slowdown. Analysts say the risk of less-than-normal monsoon rains this summer will call into question assumptions that the worst is over for Asia's third-largest economy.

From Occupy, to the IMF: Inequality lands on the agenda of elite policy meeting

WASHINGTON - From the Occupy movement, to the corridors of power: the rallying cry against inequality could be heard the last few days in a setting far removed from the street demonstrations that sprouted in 2011. The past week's global financial meetings heard repeated warnings about inequality and its deleterious effect on economic growth.

Jobless claims at seven-year low, signal firming economy

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits tumbled last week to the lowest level in nearly seven years, strengthening views of faster job growth. Thursday's report was the latest sign of momentum in the economy after activity was hobbled by an unusually cold winter.

Lowest number of Americans seeking jobless benefits in almost 7 years, declines 32K to 300,000

WASHINGTON - The number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, falling 32,000 last week to a seasonally adjusted 300,000. The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 316,250. Fewer Americans sought benefits last week than at any point since the Great Recession began at the end of 2007. Applications are at their lowest level since May of that year.

US employers posted more job openings in February, a sign that hiring will pick up

WASHINGTON - U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead. The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 per cent from January. That's the highest number of postings since January 2008, when the Great Recession was just beginning and the economy had yet to suffer the full shock of the downturn.

US employers posted more job openings in February, a sign that hiring will pick up

WASHINGTON - U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead. The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 per cent from January. That's the highest number of postings since January 2008, when the Great Recession was just beginning and the economy had yet to suffer the full shock of the downturn.

Soldiers occupy notorious Rio slum ahead of World Cup

Thousands of soldiers in armored vehicles, trucks and on foot fanned out across Rio de Janeiro's most notorious slum on Saturday to shore up security before the World Cup. The move is the latest attempt to drive drug gangs out of the notorious Mare shanty town, a haven for organized crime and one of the city's most dangerous neighborhoods, located near Rio's international airport.

Soldiers occupy Brazil slum ahead of World Cup

Thousands of soldiers in armored vehicles, trucks and on foot fanned out in Rio de Janeiro's most notorious slums on Saturday to shore up security before the start of the World Cup games. The move is the latest attempt to drive drug gangs out of the notorious Mare shanty town, a haven for organized crime and one of the city's most dangerous neighborhoods, located near Rio de Janeiro's international airport.
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