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In the richest developed countries of the world, the growth rate of wages in the second quarter of this year accelerated and reached a maximum value since the beginning of the global recession in 2009. According to JPMorgan Chase, in the US, the European Union and Japan, where unemployment is falling, wages on average have grown by 2.5%. The bank predicts that in 2019, these countries will show an increase in growth rates to 3%. The growth of salaries will positively affect the rise of the global economy and may cause a more rapid tightening of the monetary policy of central banks. The average wage in the euro area increased by 2.2% in the second quarter in annual terms for the first time since 2012. The growth of salaries in the UK reached a maximum of 3.1% in 2015.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
On Monday, California's Governor Gavin Newsom ordered restrictions on bars, dine-in restaurants, gyms, and even ordinary offices across the state to shut down as coronavirus cases continue to climb which dims the economic growth of the United ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
KYC Policy