Xinhua world economic news summary at 1000 GMT, May 11-Xinhua

Xinhua world economic news summary at 1000 GMT, May 11

Source: Xinhua

Editor: huaxia

2024-05-11 18:08:15

OTTAWA -- Canada's unemployment rate was unchanged at 6.1 percent in April, while the employment rate held steady at 61.4 percent, following six consecutive monthly declines, Statistics Canada said Friday.

However, unemployment rates were up on a year-over-year basis among largest racialized groups, the national statistical agency said. (Canada-Employment)

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LUANDA -- Angola's Secretary of State for Energy Arlindo Bota Carlos announced on Thursday that the country's installed electricity production capacity reached 6,200 megawatts (MW) in 2023, marking an increase of over 150 percent from the 2,400 MW recorded in 2015.

Carlos delivered this update during the opening of the 13th Water, Energy and Environment Forum in Luanda, Angola's capital. He said that hydroelectric generation has risen from 39 percent in 2015 to about 60 percent in 2023 in the country's energy mix, while thermal generation has decreased from 61 percent to about 36 percent. (Angola-Electricity Capacity)

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SYDNEY -- The Australian government announced on Saturday that the country will stop exporting live sheep by sea from May 1, 2028, while unveiling a package of 107 million Australian dollars (71 million U.S. dollars) to help the industry transition.

Australian Minister for Agriculture Murray Watt said the government was taking these measures to protect the welfare of Australian sheep, according to a media release by the minister. (Australia-Sheep-Export)

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HANOI -- Vietnam aims to have 2 million firms by 2030 which will contribute to 65-70 percent of the country's gross domestic product (GDP), 32-38 percent of the total number of jobs and 98-99 percent of the total import-export turnover by 2030.

The target is part of the newly-issued government action program to implement the Politburo's Resolution on building and promoting the role of the contingent of Vietnamese entrepreneurs in the new era, Vietnam News reported Saturday. (Vietnam-Firms)