
Geneva: Fiscal austerity and tough labour reforms have failed to create jobs, leading to an "alarming" situation in the global employment market that shows no sign of recovering, the International Labour Organisation said. In advanced countries, especially in Europe, employment is not expected to return to pre-crisis levels of 2008 until the end of 2016 - two years later than it previously predicted - in line with a slowdown in...

05:49 PM, Apr 30, 2012

New York: A slum boy who now owns a food industry empire in Chennai - thanks to his poverty stricken mother who sold idlis on pavements to educate him - was honoured at a youth conference of the World Bank for his entrepreneurship and leadership skills. Sarath Babu Elumalai was among the three youth invited from across the globe for the Bank's annual flagship event, the Global Youth Conference, to...

01:59 PM, Mar 14, 2012

Construction, real estate and financial services are most likely to be hit. ...

11:09 AM, Oct 21, 2008