Business

Chinese wages now higher than in Brazil, Argentina and Mexico

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Hourly rates close in on pay levels in western laggards Greece and… Steve Johnson FT Average wages in China’s manufacturing sector have soared above those in countries such as Brazil and Mexico and are fast catching up with Greece and Portugal after a decade of breakneck growth that has seen Chinese… Chinese wages now… Read More »

Federal Reserve minutes point to rate hike ‘fairly soon’

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WASHINGTON: Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the… Reuters The Economic Times The minutes of the January 31-February 1 discussion, at which the U.S. central bank voted to keep rates unchanged, also showed the… Federal Reserve minutes… Read More »

Why algorithms won’t necessarily lead to utopian workplaces

Algorythms - The Conversation

Using computer algorithms to make decisions about employees might seem like an objective management strategy, but it could actually give an inaccurate picture of productivity and compromise employees’ rights in the process. Uri Gal The Conversation Many businesses are turning to algorithms to make decisions about hiring and firing employees, assessing their performance and enhancing their productivity. This practice, known… Why algorithms won’t… Read More »

The Brazilian hangover: When the party ends

Brazil - Al Jazeera

It is unlikely that Brazil will be able to pursue a prominent role in the international arena before 2019. Ramon Blanco Al Jazeera News In a world inevitably multilateral such as ours, regional powers are supposed to have their share of responsibilities in order to build more plural paths towards a fairer and more peaceful international political environment. Therefore, Brazil is… The Brazilian hangover… Read More »

This skill could be key to the jobs of the future

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At first glance, it looks as though the group of young adults is building… Rael Futerman World Economic Forum But these are actually students at the University of Cape Town’s Hasso Plattner Institute of Design Thinking, and they’re using the colourful blocks to design a… It represents policy reform ideas around transitioning from informal to… This skill could… Read More »

Leviathan Gears Up For Development Phase As Sanctioning Nears

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Work to develop the gigantic Leviathan Field in the Mediterranean Sea offshore Israel is progressing with project sanctioning expected… Velda Addison E&P Noble Energy Inc. (NYSE: NBL) delivered an update on the field, which holds about 622 Bcm (22 Tcf) of natural gas, during a conference call Feb. 14 after releasing its fourth-quarter 2016 results and… Leviathan Gears Up… Read More »

To counter populist policies world must ditch GDP obsession

Economy - Asia Times

Professor Lorenzo Fioramonti believes the the profit obsessed globalized economy needs to change by putting people and their ecosystems first Lorenzo Fioramonti Asia Times The election of Donald Trump as US President may have come as a cold shower, but it was to be expected in a world that’s increasingly frustrated with a profit obsessed globalized economy. Not only have… To counter populist… Read More »

China’s creating, not stealing, US jobs; See the EB-5 visa

Trump Asia - Asia Times

President Trump’s recent travel ban executive order and the xenophobic rhetoric that peppered his campaign show that anti-immigrant sentiment is running high in America. Carly O’Connell Asia Times Trump and his followers believe that immigrants and China are stealing American jobs. Well, I want to… China’s creating, not… Read More »

Coalition to change native title laws to protect mining and agriculture deals

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George Brandis announces bill to reverse court ruling that threw land use agreements thrown into doubt, including deal between Adani and… Joshua Robertson The Guardian The Turnbull government will change native title laws to protect land use agreements thrown into doubt by a recent court ruling, including a… Coalition to change… Read More »

Want to Make a Lie Seem True? Say It Again. And Again. And Again

Lies - Wired

YOU ONLY USE 10 percent of your brain. Kevin Mazur WIRED Eating carrots improves your eyesight. Vitamin C cures… Want to Make… Read More »

Cliff Taylor: Trump’s tax package is bad news for Ireland

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US president plans to increase taxes on those importing to sell into the American market Cliff Taylor The Irish Times From an Irish viewpoint, the tax debate in the US has taken a nasty… At their worst, the proposals now on the table could fundamentally change the world of foreign direct… Cliff Taylor: Trump’s… Read More »

The Chinese companies’ rise

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The IDC released a report on China’s 2016 smartphone market on Monday, where the most surprising result sees Apple losing market share for 4 percentage points on 2015, ending the 2016 with a… ALBERTO SPERINDIO, Xi’an Jiaotong University Asia Times The real market giants have been Oppo and Vivo, two sister companies based in Guangzhou, even… The Chinese companies… Read More »

No justification for IMF to be part of Greek rescue: ECB’s Nowotny

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VIENNA (Reuters) – There is no economic or political justification for the International Monetary Fund (IMF) to be part of the Greek rescue program, European Central Bank (ECB) Governing Council member Ewald Nowotny told an… Investing  The IMF and the European Union have been at odds over the terms of the… No justification for… Read More »

Australia Post salary scandal highlights our nation’s growing wage inequality

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How much more than an average worker should a… Research shows Australians believe CEOs should earn eight… Carl Rhodes  The Conversation It is perhaps unsurprising, then, that revelations about the salary of Australia Posts CEO Ahmed Fahour have caused a… Fahour’s pay is estimated at up to 119 times that of a Australia Post salary… Read More »

Amazon warns that trade protectionism could hurt business: filing

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(Reuters) – Amazon.com Inc (O:AMZN) warned on Friday that government actions to bolster domestic companies over foreign competition could hurt its business, in a potential reference to U.S. President Donald Trump’s “America First… Jeffrey Dastin Investing In a routine description of regulatory risks in its 2016 annual filing, the… Amazon warns that… Read More »

Machines Can Replace Millions of Bureaucrats

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When it comes to robots displacing humans from the job market, government bureaucrats are generally not what springs to… Leonid Bershidsky Bloomberg The recent McKinsey report on the future of jobs estimates the automation potential of administrative jobs at just 39 percent, far less than the… And yet the… Machines Can Replace… Read More »