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According to a survey conducted by the National Association of Business Economics, 56% of US companies that took part in it reported an increase in employee pay, and no one plans to lower wages in the fourth quarter. The share of companies that raise wages became the highest in October over 36 years of observations. The share of companies that have reported difficulties in finding new employees has also significantly decreased. 37% of respondents solve the problem by means of more attractive wages. 35% improve the skills of employees due to their additional training. 23% of respondents reported on investments in technology and methods to increase productivity. 55% of the companies reported an increase in sales and revenues, which also reached a record level since October 1994.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
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