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US payrolls beat forecast as wage gains hit 3.1%

Bloomberg American workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low, a boost for President Donald Trump ahead of midterm elections and reason for the Federal Reserve to keep raising interest rates. Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a Labour Department report ...

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Wake up, UK! You need EU workers post-Brexit

It’s been an unsettling couple of years for an estimated over 3.5 million European Union (EU) nationals who live and work in the UK. They’ve been victims of attacks, pawns in the Brexit negotiations and, more recently, an afterthought as an army of civil servants and consultants map out contingency plans for various Brexit scenarios. None of that augurs well ...

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China fights the wrong yuan battle

As the US dollar hits highs for the year, the People’s Bank of China (PBOC) seems determined to hold the value of the yuan at seven to one, or stronger. This barrier holds little technical significance, but its psychological value and the central bank’s interest in holding the line are enormous. While it’s difficult to confirm, there’s strong evidence that ...

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