Posts belonging to Category jobs



Americans keep waiting for bigger paychecks

The increase in wages remains frustratingly low given the health of the overall job market

Average hourly earnings rose 2.5% over the past 12 months. That’s a slight improvement from the 2.4% increase the government reported for October. Still, it remains below the 3% increase that most economists (not to mention workers) would like to see. People are finding jobs. That’s not the problem. The economy added 228,000 jobs last month and the unemployment rate remained at 4.1% — its lowest level since December 2000.

http://www.cnn.com… Wed., 13  December 2017

EU has serious concerns about Trump 3 tax plans

Top EU economic powers warn US 

The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade.

In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had “significant concerns” about three tax initiatives in particular.

In the letter, seen by The Associated Press, the five wrote that “it is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up.”

EU nations have been warily eyeing President Trump’s domestic tax proposals as they made their way through congress and have long expressed fears they might hurt world trade and EU companies in particular.

http://www.washingtonpost.com… Tue., 12  December 2017

India’s economy has bounced back

A year-long slowdown

India’s economy has bounced back from a year-long slowdown, but not enough to regain the global growth crown from China.
Gross domestic product grew by 6.3% in the three months through Sept. 30, up from 5.7% in the previous quarter. That compares with China’s growth rate of 6.8% in the same period.

Still, the numbers will be music to the ears of Indian Prime Minister Narendra Modi, whose two biggest policy decisions of the past year have been widely blamed for a slump that cut growth to its slowest pace in three years. India was the world’s fastest growing major economy at the end of 2016, with GDP expanding by 7%. But the sudden ban last November of India’s two most valuable rupee notes at the time — accounting for 86% of the country’s cash — stunned industry and brought activity in some sectors of the economy to a screeching halt.

http://www.cnn.com… Fri., 01  December 2017

UK could pay £50bn Brexit divorce bill

Bowing to EU pressure

The UK has bowed to EU demands on the Brexit divorce bill in a move that could result in the UK paying £50bn to Brussels, in an attempt to get France and Germany to agree to move negotiations to trade.

Non-stop behind-the-scenes negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much.

http://www.theguardian.com…  Wed., 29  November 2017

London loses EU agencies to Paris and Amsterdam in Brexit relocation

Paris won the race to take the European Banking Authority from London

London is losing the European Medicines Agency to Amsterdam and the European Banking Authority to Paris, in one of the first concrete signs of Brexit as the UK prepares to leave the European Union. The two cities won the agencies after tie breaks that saw the winner selected by drawing lots from a large goldfish-style bowl.

The Dutch capital beat Milan in the lucky dip after three rounds of Eurovision-style voting on Monday had resulted in a dead heat.

Paris won the race to take the European Banking Authority from London, beating Dublin in the final, after the favourite Frankfurt was knocked out in the second round.

http://www.theguardian.com…  Tue., 21  November 2017

Volkswagen invests $11.8 billion to build China electric cars

15 all-electric and plug-in hybrid vehicles over the next 2 years

Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.

The group, which includes Volkswagen AG (VOWG_p.DE) and Audi AG (NSUG.DE), intends to launch 15 of the so-called new energy vehicles (NEV) models over the next two to three years, and an additional 25 after 2025, China chief Jochem Heizmann told Reuters on Thursday. China’s NEV production and sales quotas, which must be met by 2019, have prompted a flurry of electric car deals and new launches as automakers in China race to ensure they do not fall short. Automakers that do fall short will be required to buy credits.

Trump Team Plans $250 Billion in Deals From China Visit

Energy sector expected to reap benefits from U.S.-China talks

The White House expects to announce upwards of $250 billion in business deals in China this week, an administration official said — exactly the sort of U.S. jobs-based diplomacy that President Donald Trump likes to deliver when traveling abroad. Commerce Secretary Wilbur Ross boasted of that number in a meeting with chief executives in China on Wednesday, but offered few details, according to two people who attended the meeting. A U.S. official confirmed the amount.

http://www.bloomberg.com…  Thu.,  09  November 2017

Jersey, new Tax Haven for Apple

Tech giant moved the firm holding most of its vast untaxed offshore cash reserve to the Channel Island – after a crackdown in the Republic of Ireland

Tech giant Apple chose the Channel Islands as a new haven to continue avoiding billions in taxes, the Paradise Papers show. The company picked Jersey as an alternative after a 2013 crackdown on its controversial tax practices in the Republic of Ireland, they reveal.

Apple moved the firm holding most of its huge untaxed offshore cash reserve to the Channel Island, allowing it to avoid billions of tax around the world – but has insisted the secretive new structure had not cut its taxes.

http://www.independant.co.uk…  Tue.,  07  November 2017

Britain's economy is already weaker because of Brexit

Business investment is being affected by uncertainties

The Bank of England didn’t mince words today on the effect of Brexit on the British economy. “Brexit-related constraints on investment and labour supply appeared to have been reinforcing the marked slowdown,” the central bank wrote in its inflation report.

The BOE added that while Britain was being held back by Brexit, the rest of the world was heading into a period of strong growth. “Uncertainties associated with Brexit were weighing on domestic activity, which had slowed even as global growth had risen significantly,” the bank said.

http://www.msn.com…  Fri.,  03  November 2017

"Brexit is stupidest thing any country has done"

Michael Bloomberg says it is ‘hard to understand why a country doing so well wanted to ruin it’

Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president.

Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.

At that event, Bloomberg, 75, also warned that some workers at the financial media company that bears his name were asking to leave the UK and US because they think the two countries no longer like immigrants and are no longer welcoming.

http://www.theguardian.com…  Wed  25  October 2017