While many businesses are struggling to stay afloat during the Covid-19 pandemic, some industries have been fortunate enough to remain on an even keel. This includes companies that depend on […]
Read moreUS low-wage workers now have options, which could mean a raise
NEW YORK (NYTIMES) – McDonald’s is raising wages at its company-owned restaurants. It is also helping its franchisees hang on to workers with funding for backup childcare, eldercare and tuition […]
Read moreSingaporeans expect inflation to remain flat on uneven global outlook: Poll
SINGAPORE (THE BUSINESS TIMES) – Inflation in Singapore is expected to remain unchanged for the year, with more Singaporeans believing Covid-19 will have a significant impact on inflation rates, according […]
Read moreKey Opec+ producers reach preliminary output deal: Source
DUBAI (REUTERS) – Key producers of Opec+ countries have reached a preliminary deal on gradually raising oil output until December and extension of their pact until end of 2022, an […]
Read moreFed's Powell stays focused on US jobs recovery, feels heat on inflation front
WASHINGTON (REUTERS) – US monetary policy will offer “powerful support” to the economy “until the recovery is complete,” Federal Reserve chairman Jerome Powell said on Wednesday (July 14) in remarks […]
Read moreAsia factories see momentum weaken on rising costs, new Covid-19 curbs
TOKYO (REUTERS) – Asia’s factory activity saw momentum weaken in June as some countries struggled with rising input costs and the reintroduction of curbs to combat a new wave of […]
Read moreSEA faces long road back to pre-pandemic growth but Singapore to buck trend: Survey
HONG KONG (BLOOMBERG) – The prolonged Covid-19 pandemic is clouding economic projections for South-east Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The […]
Read moreSwiss will remain business-friendly after G-7 tax deal, says government
ZURICH (REUTERS) – Switzerland will make sure it remains attractive to business, the government said, after Group of Seven (G7) nations reached a landmark deal to reduce the incentive of […]
Read moreEl Salvador looks to become first country to adopt Bitcoin as legal tender
SAN SALVADOR (BLOOMBERG) – El Salvador’s Nayib Bukele, Latin America’s youngest president who’s known to break from the norms, said he plans to send legislation that would make Bitcoin legal tender […]
Read moreS'pore retail sales jump 54% in April from circuit breaker low; still below pre-Covid-19 levels
SINGAPORE – Retail sales in Singapore rebounded in April but the jump was largely inflated by comparison to the low base a year ago when Singapore entered its circuit breaker […]
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