Latest Labor economy News
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...
A Trump Fed choice faces Senate scrutiny over policy views
WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views. Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence over...
Powell hears bipartisan Senate support for Fed independence
WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter. “Stay independent,” Sen. John Kennedy, a...
Farmers worry Florida bill will worsen labor scarcity woes
FLORIDA CITY, Fla. (AP) — On a recent afternoon, many stools stood empty beside a conveyor belt where workers examined a stream of green tomatoes and tossed aside those with holes and cracks at a South Florida packing house. Paul J. DiMare, one of the country’s leading producers of fresh tomatoes,...
LOADING MORE STORIES
