South Africa plans to freeze public-sector wages for the next three years to help cut its salary bill and contain a yawning budget deficit. The proposal raises the risk of widespread strikes by the 1.3 million-strong public-sector workforce. Here is why the government wage bill is a problem. WHAT IS THE PUBLIC WAGE BILL?
* SSEC 0.2%, CSI300 0.6%, HSI -0.3% * HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used 6.1% * FTSE China A50 +0.5% China stocks rose on Wednesday, led by gains in consumer and healthcare companies, as sentiment was lifted by hopes of a speedy economic recovery from the COVID-19 pandemic.
The U.S. Federal Trade Commission needs new powers to protect the struggling local news industry from unfair competition from large technology companies, a senior lawmaker said.
The U.S. Federal Trade Commission needs new powers to protect the struggling local news industry from unfair competition from large technology companies, a senior lawmaker said.
Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.
Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.
When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop.
* HSBC (HSBC) surges on signalling overhaul. * BP reverses gains, oil sector at 7-month low. By Sruthi Shankar and Susan Mathew. European stocks extended losses on Tuesday as worries about the economic fallout of tighter coronavirus restrictions on the continent overshadowed some better-than-expected earnings reports.
The U.S. Federal Trade Commission needs new powers to protect the struggling local news industry from unfair competition from large technology companies, a senior lawmaker said.
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