Latest Labor economy News
China turns to internet for food supplies amid virus fears
BEIJING (AP) — Wang Feng, house-bound by China’s virus outbreak, counts on the parka-clad delivery drivers of e-commerce giant JD.com to keep her kitchen stocked. Demand for online food vendors has surged since China’s government told the public to stay home as part of the most sweeping...
UK unveils immigration overhaul for 2021 focused on skills
LONDON (AP) — Britain announced new post-Brexit immigration rules Tuesday that will make it tougher for European Union citizens, but easier for people from many other nations, to move to the U.K. starting next year. Prime Minister Boris Johnson's Conservative government said the new rules would...
US small businesses are getting upbeat news on the economy
Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that overall sales growth was modest. The Commerce Department reported a 0.3% gain last...
HSBC cuts headcount by 35,000 in deep overhaul
LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said Tuesday...
Automakers in China gradually reopen after virus shutdown
BEIJING (AP) — Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest market. Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that shut...
Cost of China's anti-virus fight rises with workers idle
BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo,...
N Macedonia minister who stood by nation's old name removed
SKOPJE, North Macedonia (AP) — North Macedonia’s parliament voted to dismiss a government minister Saturday after she appeared at two news conferences in front of a large wall sign bearing the country’s old name, Republic of Macedonia, and refused to change it. Prime Minister Oliver...
China's virus crackdown leaves millions working at home
BEIJING (AP) — In the middle of a phone call with a customer, an important visitor knocks on Michael Xiong's door: his 3-year-old son. Xiong, a salesman in Chibi, a city near the center of a virus outbreak, is one of millions of people in China who are obeying government orders to work from home as part...
Trump Fed nominee Shelton faces skepticism at Senate hearing
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...
US consumer prices up 0.1% in January; gasoline prices fall
WASHINGTON (AP) — U.S. consumer prices rose modestly last month, weighed down by falling gasoline prices. The Labor Department said Thursday that its consumer price index blipped up 0.1% in January after rising 0.2% in December. Over the past year, consumer inflation is up 2.5%, biggest gain since October...
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