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Walmart boosts starting hourly pay to $12 for staff in test

Bloomberg Walmart Inc is testing out a higher minimum starting wage for certain jobs in hundreds of stores as part of a broader overhaul of roles and responsibilities across its massive US workforce. In the 500 or so stores that have introduced the retailer’s new operating model, dubbed “Great Workplace,” some associates in the fresh, front-end and replenishment areas will ...

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UAE offers AED14.8 billion in grants in nine months of 2019

Abu Dhabi / WAM The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 billion, a growth of 8 percent from AED13.7 billion in the same period of 2018, according to figures released by the Ministry of Finance. The total value of registered grants provided by the country during that period accounts ...

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Emerging markets on edge as virus spreads from China

Bloomberg The rapid spread of a deadly virus from China will be top of emerging-market investors’ minds as they ponder its impact on the global economy. Concern that the outbreak will develop into something akin to the Sars pandemic of 2003 halted a seven-week rally in developing-nation stocks, currencies and bonds in the five days through Friday. The yuan underperformed ...

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