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The effects of the Asian financial crisis led to a sharp drop in the number of Asian tourists visiting Fiji in 1997 and 1998, which contributed to a substantial drop in gross domestic product. Positive growth returned in 1999, however, aided by a 20% devaluation of the Fijian dollar . 2005 was a record year for the tourism sector, with 9% ...
(The Australian Jewish News) Restrictions on TikTok in the United States A United States court of appeals upholds the Protecting Americans from Foreign Adversary Controlled Applications Act , which requires China -based company ByteDance to sell TikTok by January 19 or face an effective ban on operations in the United States .
The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth. By comparison, global unemployment went up by 22 million during the Great Recession. Women informal workers, migrants, youth and the ...
As an island nation, Fiji has had a heavy reliance on fish for much of its history, both as a staple food and as an economic product. While fisheries only contributed 1.7% of total gross GDP between 2000 and 2008, it represented 12% of Fiji's exports in 2008, equivalent to US$63 million. [ 38 ]
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Wall Street's main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell's comments later in the day for ...
In March 2021, Fiji became the first Pacific island country to receive COVID-19 vaccines through the COVAX initiative with frontline workers and first responders the first to be vaccinated. As of 2 January 2022, more than 600,000 (98%) Fijians have received their first jab of the vaccine and almost 560,000 (92%) Fijians have received their ...
America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates.