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The number of companies planning to hire new employees in the second quarter of this year has decreased in China, CNBC writes. According to a survey of 4 thousand 209 Chinese firms conducted by ManpowerGroup, only 6% of respondents stated their intention to increase their staff during this period. This result was the worst since the third quarter of 2017. The share of such companies in the first quarter of this year was 10%. 43% of survey participants are not sure that they will recruit new employees, while a quarter earlier their share was 19%. Improvement in recruitment rates is only planned by employers in the mining and construction industries.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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