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UncategorizedCost of living in focus as australia’s election race hits final stretch
Top StoriesUK unemployment hits 48-year low, pushing up pay
Top StoriesUkraine war to slash euro zone 2022 growth, boost inflation -EU
Top StoriesTesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID
Pandemic pushes spanish workers out of the shadows
Date: May 9, 2022
By Belén Carreño and Gavin Jones MADRID/ROME (Reuters) – For decades, a cash-filled envelope – or “sobre” – was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries. COVID-19, however, may finally be putting paid to the “sobre”, economic data and workers’ experiences suggest – accelerating...
China will roll out more support measures to stabilise jobs – cabinet
Date: May 5, 2022
BEIJING (Reuters) -China will roll out more support measures to help small firms and stabilise employment, including the introduction of policies to support the platform economy as soon as possible, State TV cited country’s cabinet as saying on Thursday. China’s economy has slowed sharply in the second quarter this year, as local authorities raced to...
Norway keeps rates on hold, remains on track for June hike
Date: May 5, 2022
By Victoria Klesty and Gwladys Fouche OSLO (Reuters) – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan to raise the cost of borrowing in June amid rapidly rising inflation. Norges Bank’s monetary policy committee unanimously agreed to keep the rate steady at 0.75%, as predicted by...
Analysis-Rising oil prices buy iran time in nuclear talks, officials say
Date: May 5, 2022
By Parisa Hafezi DUBAI (Reuters) – Emboldened by an oil price surge since Russia invaded Ukraine, Iran’s clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran’s thinking said. Last year, the Islamic Republic engaged in indirect talks...
A tale of two workers: The urgent need to support Part-Time workers
Date: April 28, 2022
Mariel Beasley, Co-founder, Common Cents Lab The “Great Resignation” and low unemployment rates have gotten some employers scrambling to offer better wages and novel benefits to attract and retain their workforce. Yet, 24 million part-time workers have been largely left out of these gains. While part-time status typically deprives them of the traditional employer-offered benefits, like...
Norway’s central bank to hold rates next week, raise in June- Reuters poll
Date: April 27, 2022
OSLO (Reuters) – Norway’s central bank will keep its benchmark interest rate on hold next week at 0.75% while confirming plans for a hike in June, a Reuters poll showed on Wednesday. Norges Bank said last month it would raise rates this year and next at a faster pace than previously intended to keep a...