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Fear of unemployment sees historical decline in Brazil: survey

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BRASILIA: The index of fear over unemployment in Brazil fell 10.7 percentage points from September’s 65.7 percent to December’s 55 percent in 2018, according to a survey released Thursday by the National Confederation of Industry (CNI).

It is the largest index decrease since its beginning in May 1996. The second largest, 8.1 points, occurred in May 2009 and October 1997, respectively.

“The positive result reflects the optimism and confidence that the majority of the population puts in the new government, and also the growing perception of overcoming the economic crisis, economic growth and the decrease in unemployment,” the CNI said.

Fear of unemployment fell in all parts of the country, with the highest decrease of 16.9 percentage points observed in the southern region between September and December in 2018.

Fear of unemployment also fell among Brazilians with higher household incomes.

 

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Business

Is Uber buying Careem for $3.1b?

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DUBAI: According to the rumors making rounds here today it seems that Uber is about to acquire Careem for $3.1b!

Sources privy to NPTV have insinuated that the deal will be announced tomorrow (Tuesday 26th March). Initially Uber will pay $1.4 billion in cash and the rest in notes convertible to Uber shares.

It comes as Uber prepares for its initial public offering — expected next month — which could see the rideshare giant’s value increase to $100 billion.

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Environment

British Shadow Justice Minister on climate change

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BRADFORD: Climate/ecological change is one of the biggest challenges that humanity faces in the modern era. 

British Shadow Minister  Imran Hussain maintains: “With disaster awaiting if we do not make substantial changes to the way that we live our lives, and I was visited recently by school children from Bradford who came to talk to me about their campaign against climate change.

“It’s always positive to see young people get involved in a deeply important issue, and their actions should serve as a wakeup call to the Government that their views must no longer be ignored.

“They are also right to be worried about the kind of planet they will inherit and demand far-reaching action, for if we do not act over the next 12 years, we will forever miss the opportunity to do anything about it.”

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Politics

Egypt-Israel peace treaty lives on in troubled region

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CAIRO: The US-mediated 1979 treaty between Egypt and Israel may only have resulted in a “cold peace” but their ties have survived four decades in a turbulent region, analysts say.

The watershed treaty brought together late Egyptian president Anwar Sadat and Israeli premier Menachem Begin for a 26th March, 1979 signing ceremony in Washington as a beaming Jimmy Carter, then-US president, looked on. The peace deal, the first ever between Israel and an Arab state, and which cost Sadat his life at the hands of an Islamist extremist, has kept Cairo out of any armed conflict with its neighbour.

The treaty has emerged unscathed from upheavals in Egypt, notably the 2011 revolution that toppled longtime ruler Hosni Mubarak, proving its “stability”, said Amr al-Shobaki, political analyst with the Ahram Center for Political and Strategic Studies. The 40th anniversary comes as armed conflicts roil several countries across the Arab world, from Libya in the far west to Yemen in the south.  It also comes at a time of major US policy changes.

In 2017, President Donald Trump’s administration recognised the disputed city of Jerusalem as Israel’s capital, causing uproar in the Muslim world. He followed up on Friday with a pledge to recognise Israel’s annexation of the Golan Heights. Israel seized mainly Palestinian east Jerusalem, Syria’s Golan and Egypt’s Sinai Peninsula in the 1967 Six-Day War, when it also occupied the West Bank and Gaza. But under the 1979 peace treaty, Israel returned the Sinai to former enemy Egypt.

 

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