Bloomberg The UK government will give a pay rise to the lowest earners next year, as it seeks to deliver on its election manifesto promise to raise living standards as the country leaves the European Union (EU). Chancellor of the Exchequer Sajid Javid said the minimum wage will increase by 6.2% from April 1, in line with the recommendation of ...

Bloomberg A trade deal between the US Companies are lining up debt sales to the tune of $120 billion in January, a 9% increase from last year, according to an informal survey of dealers. Several leftovers from December — such as JD.com Inc and Reinsurance Group of America Inc — could sell debt soon after markets reopen following investor meetings ...

Bloomberg Home prices in 20 US cities rose at the fastest pace in five months in October, posting a third straight acceleration as real estate markets showed fresh strength at the start of the fourth quarter. The S&P CoreLogic Case-Shiller index of property values advanced 2.2% from October 2018, according to data that exceeded estimates in Bloomberg survey of economists. ...

Bloomberg US President Donald Trump said he will sign the first phase of a trade deal with China on January 15. “The ceremony will take place at the White House,” he said on his Twitter account, adding he will be going to Beijing where he said talks will begin on the second phase of the deal. I will be signing ...

Bloomberg US consumer confidence unexpectedly dropped for the fourth time in five months in December, as expectations for income and job-market conditions coutinued to edge down. The Conference Board’s gauge decreased to 126.5 from an upwardly revised 126.8 in November, according to data released on December 21 that missed the median projection in a Bloomberg survey of economists. The measure ...

Bloomberg French President Emmanuel Macron doubled down on his contested plan to transform the country’s pension system, saying in his New Year’s address that it’s a project for “justice and social progress.” The French leader’s intransigence clashes with defiant labour unions that staged a 27th straight day of strikes to protests his plans, despite calls for a truce at Christmas ...

They were 235 days that shook the world, rattled China’s regime and refuted the most pernicious wishful thinking since the appeasement of dictators collapsed eight decades ago. Nothing more momentous happened in 2019 than Hong Kong’s heroic insurrection. It began with the April 3 introduction by Beijing’s Hong Kong satraps of an extradition bill that would have facilitated the sweeping ...

Inequality in the US has risen a lot during the past few decades. This has sparked outrage among segments of the public, raised concern among economists and other social scientists, and revitalised America’s socialist movement. Much of the debate has been driven by the work of three French economists — Thomas Piketty, Emmanuel Saez and Gabriel Zucman. The trio has ...

The next big thing for big tobacco has turned into a bit of a nightmare. Vaping took off as a potentially healthier alternative to smoking for adults looking to kick the habit. But then it caught on with a whole new generation, sparking a teen epidemic in the US and fears that they could graduate to smoking traditional cigarettes. Matters ...

A young labour force, a real estate boom, a politically stable Communist-led country that can reap riches through exports and a friendly relationship with the US — many have compared Vietnam to what China was more than two decades ago. Add one more trait to this mix as we enter the 2020s: profitless prosperity. With Vietnam quickly moving up the ...