The United Nations’ labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce.
The International Labor Organization said Monday that an estimated 201.8 million people were unemployed in 2013. That’s 4.9 million more than the previous year.
An annual ILO report points to an uneven global economic recovery and says East and South Asia together accounted for more than 45 percent of last year’s increase.
The agency puts last year’s global unemployment rate at 6 percent, unchanged from 2012. It says it expects little improvement this year, projecting that the jobless rate will edge up to 6.1 percent and the number of unemployed will rise another 4.2 million.
Peugeot Citroen close to Chinese partnership
Out with General Motors Co., in with China’s No. 2 automaker: PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor.
Spokeswoman Antonia Krpina at the capital-hungry French automaker said Monday its supervisory board has reached cohesion in talks announced last month involving Dongfeng. She declined to comment further, saying no deal has been signed.
Last month, Detroit giant GM said it had decided to unload its 7 percent stake in the struggling French company, without disclosing a price, while maintaining their alliance.
S. Korea credit breach affects bulk of nation
A massive theft of customer data from three major credit card firms in South Korea has shown security lapses in the financial industry.
First revealed by prosecutors, the theft of information linked to 80 million credit cards such as salaries, monthly card usage, credit rating and card numbers has sparked widespread public concern.
Cardholders are flocking to bank branches and overloading call centers and service websites to find out whether their information was stolen.
Media said the theft may have affected most credit card holders in a country of 50 million people.
Prosecutors said last week that an employee of Korea Credit Bureau, a contractor, stole the data beginning in 2012 by copying data to a USB device.