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Algeria's Tebboune Announces Youth Unemployment Benefit

Algerian President Abdelmadjid Tebboune. Reuters
Algerian President Abdelmadjid Tebboune. Reuters
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Algeria's Tebboune Announces Youth Unemployment Benefit

Algerian President Abdelmadjid Tebboune. Reuters
Algerian President Abdelmadjid Tebboune. Reuters

Algerian President Abdelmadjid Tebboune said Tuesday that the government would introduce youth unemployment benefits as the country struggles with a jobless rate of almost 15 percent.

The payments will be made "to preserve the dignity of young people", Tebboune said in an interview broadcast on Algerian television.

The allowance of 13,000 dinars ($92) -- equivalent to nearly two-thirds the minimum wage of 20,000 dinars ($142) -- will begin in March, AFP reported.

It will be accompanied by medical benefits, while some taxes on consumer products will also be suspended, Tebboune said.

Algeria, Africa's biggest gas exporter with around 45 million people, earns some 90 percent of its state revenues from hydrocarbons.

Tebboune said the youth payments were part of the 2022 budget.

In November, lawmakers voted to scrap generous state subsidies on basic goods that had long helped maintain social peace, but that had strained state budgets as energy revenues fell.

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Moscow Poses No Threat to Britain, Says Russia's UK Embassy

A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
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Moscow Poses No Threat to Britain, Says Russia's UK Embassy

A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)

Russia's embassy in London said on Tuesday that Moscow had no intention of attacking Britain, rejecting accusations by the British government of growing aggression and daily cyberattacks.

Britain said on Monday it would radically change its approach to defense to address new threats, including from Russia, after endorsing the findings of an independently-produced Strategic Defense Review.

After unveiling the defense overhaul on Monday, Healey said Europe was facing war, growing Russian aggression, new nuclear risks and daily cyberattacks, Reuters reported.

Russia's embassy issued a statement on Tuesday criticizing what it described as "a fresh salvo of anti-Russian rhetoric".

"Russia poses no threat to the United Kingdom and its people," the statement said. "We harbor no aggressive intentions and have no plans to attack Britain. We are not interested in doing so, nor do we need to."

Relations between Russia and Britain are at their lowest level since the Cold War. They deteriorated further after Russia's full-scale invasion of Ukraine in February 2022, and Britain and other NATO members have provided large amounts of military aid and other support to Kyiv.

China's embassy in London also criticised Britain's defense review, saying in a statement on Tuesday that the document deliberately misrepresented Beijing's defense policy to justify British military expansion.

The review had described China as "a sophisticated and persistent challenge", citing its rapid military modernisation, including an expanded nuclear arsenal, and saying Beijing was likely using espionage and cyberattacks, and stealing intellectual property.