Money & Finance

The International Labor Organization warns of increasing unemployment worldwide, with jobless rates expected to rise from 188 million in 2019 to 190.5 million this year. ILO chief Guy Ryder describes the situation as "extremely worrying," highlighting significant workforce challenges globally.

Tesco's plans to sell its Asian assets are under scrutiny by Thai regulators. The potential $10bn deal involving over 2,000 stores in Thailand and Malaysia could be complicated by new trade competition regulations that restrict market share dominance.

The US and China signed a "phase one" trade deal, with China committing to buy $200 billion in American goods and improve intellectual property protections. US President Trump hailed the agreement as "fair and reciprocal," marking a potential breakthrough after two years of negotiations.

The National Economic and Development Authority (NEDA) assures that Taal Volcano's eruption will not significantly slow down the country's economic growth. Socioeconomic Planning Secretary Ernesto Pernia stated that the economic losses are less than 1 percent of the Philippines' total GDP for 2018.

Despite month-long demonstrations, Hong Kong's Chief Executive Carrie Lam affirms the city's financial system remains strong. Drawing lessons from the Asian financial crisis, Lam emphasized that the protests have not undermined the city's status as a global financial hub.

The United States and China signed the Phase 1 trade deal and agreed to resume their Comprehensive Economic Dialogue. Led by Treasury Secretary Steven Mnuchin and Vice Premier Liu He, these semi-annual talks aim to resolve economic disputes and reform trade relations after a prolonged trade war.

World stocks climbed to record levels as Middle East tensions decreased. Investors shifted attention to global growth, employment data, and the technology sector. MSCI's global shares index showed gains across 49 countries, with Asian markets and U.S. stocks, particularly tech shares, experiencing significant growth.- EXCERPT: Summarizes the core content within 100 words, highlighting key points- Maintains SEO best practices by focusing on clarity, relevance, and information density

President Trump boasts about US economic growth, highlighting over 7 million new job opportunities since 2016, tax cuts, and the replacement of NAFTA with the USMCA trade agreement during a Toledo, Ohio campaign rally.

Electric car manufacturer Tesla achieved a historic milestone by exceeding the combined market value of Ford and General Motors, delivering 367,500 vehicles worldwide in 2019 and demonstrating significant growth in automotive innovation.

Australia's bushfires have triggered a massive economic crisis, with businesses facing over $2 billion in damages. Tourist parks, factories, and infrastructure have been severely impacted, while smoke haze reduces national productivity and forces residents and tourists away from affected regions.