Gaza economy 'on verge of collapse', with world's highest unemployment

The economy of Gaza – assailed by war, poor governance and a joint Israeli-Egyptian blockade – has reached the “verge of collapse” with the coastal strip suffering the highest rate of unemployment in the world.

With China as guest, G77 summit seeks new development commitments

Santa Cruz de la Sierra (Bolivia) (AFP) - Leaders of developing nations plus China meet Saturday to draft a global anti-poverty agenda at a summit that also showcases Latin America's burgeoning relationship with the Asian giant.

Obama signs order on minimum wage

Starting in 2015, businesses with new or renewed federal contracts will have to pay their minimum wage workers $10.10 an hour.

World Bank sets 'expiration date' on poverty

WASHINGTON: The World Bank gathered the might of the international community Saturday behind its audacious plan to eradicate extreme poverty within a generation.