A judge has ordered Google to hand over employee records to federal investigators probing the alleged gender pay gap at the Internet giant. Google must provide the Labor Department with contact data for up to 8,000 employees to investigate whether the Silicon Valley company shortchanges women doing similar work to men, according to Friday’s provisional […]
Read moreWhile last week’s talks between Trans-Pacific Partnership states failed to produce any major breakthroughs, they did demonstrate members’ commitment to inking the wide-spanning free trade agreement. Since President Donald Trump’s administration withdrew the U.S. from the deal, TPP signatories face a daunting task in finalizing a new framework by November — the agreed upon deadline. […]
Read moreAlibaba stepped up its push to blend online and offline shopping with the launch of three new supermarkets in Beijing and Shanghai, as part of its “new retail” strategy, the company announced Monday. From within those outlets — called Hema stores — customers can shop, dine and order groceries for delivery from their mobile phones […]
Read moreCurrency, United States Finance
Op-Ed: If Brexiteers need a real reason to leave the EU, then just look at Italy
As the painful and quite frankly embarrassing stumble out of Europe continues for the U.K., I watch with sadness at the pathetic lack of conviction of both the previous Remain and pro-Leave camps. It’s never been easier for this journalist to sit on the fence in splendid apolitical isolation given that the pro-Brexit camp seem […]
Read moreAustralia’s central bank has turned more upbeat on the economic outlook, citing an improving labour market, stronger public investment and a pick up in household consumption. Yet minutes of the Reserve Bank of Australia’s (RBA) July meeting showed policy makers remained watchful on risks to jobs and housing, suggesting they were in no hurry to […]
Read moreChina’s “One Belt, One Road” initiative is a brilliant strategic move, but it comes with serious risks. That’s according to Clyde Prestowitz, president of the Economic Strategy Institute, a Washington-based think tank. “On one hand it will be a way of handling China’s excess capacity and continue to create jobs with investment in China. Secondly, […]
Read moreA complicated drama is unfolding among three major Chinese firms that have invested in each other, highlighting wider concerns over the country’s growing debt problem. The recent events, which also loop together longstanding financial system issues like accounting trickery and overspending, are continuing to weigh on investor sentiment — even though China’s second-quarter economic growth […]
Read moreIndian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company’s board. Reuters previously reported that Snapdeal had earlier this month rejected Flipkart’s initial bid of between $800 […]
Read moreChinese authorities will continue to monitor the trend of “irrational” overseas investments in the real estate, hospitality and film industries, a spokesman for the state planner said on Tuesday. The Chinese government has cracked down on outbound investment by Chinese firms since late last year after accelerating capital outflows exacerbated depreciation of the yuan. After […]
Read moreThe greenback took another hit on Tuesday after the Republican health-care bill aimed at replacing Obamacare failed to get enough backing to proceed to a debate. The dollar index, which measures the greenback against a basket of currencies, extended its recent tumble, falling as low as 94.818 in Asia trade on Tuesday, from a high […]
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