Economy

Economy Latest News

China youth unemployment jumps to 17.1% in July
China youth unemployment jumps to 17.1% in July
by  AFP

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds. - Disappointing data - Among 25- to 29-year-olds, the unemployment rate stood at 6.5 percent for July, up from the previous month's 6.4 percent.

Skiing in Lesotho: an African adventure under pressure
Skiing in Lesotho: an African adventure under pressure
by  AFP

High in the wintry mountains of Lesotho, Sharon Kadangwe from Malawi is learning to ski on a strip of snow that runs down a dry, brown slope at southern Africa's only ski resort. Surrounded by the brown mountains of a country that is in drought at the lower altitudes, the resort's three small slopes are this year layered in artificial snow created with water pumped from eight nearby dams.