Bloomberg The country’s proposed national minimum wage amounts to 20 rand per hour and brings South Africa a step closer to tackling poverty, inequality and unemployment, South African Deputy President Cyril Ramaphosa said to reporters in Johannesburg on Sunday. “It is by no means the final figure of what the national minimum wage is going to be,” Ramaphosa said. ...

  Before President-elect Donald Trump brings in the bulldozers to “drain the swamp” in Washington, I hope he will consider the career achievements of two people who embody the nation’s tradition of bipartisan foreign policy leadership, Zbigniew Brzezinski and Brent Scowcroft. The two former national security advisers came from vastly different worlds to join in constructing the foreign policy tradition ...

  It may be useful to imagine for the duration of Europe’s upcoming election season that we live in a world without public polling. Would that make further populist surprises look more or less likely? The post-Brexit, post-Trump world is not necessarily “post-truth” despite a certain blurring of lines between fact and spin. It is, however, definitely post-poll. U.S. pollsters ...

  Nobody is really sure what Donald Trump will want from the Federal Reserve during his presidency: Will he try to make it adopt the “hard money” views of many people in his party, or will he want it to err on the side of letting the economy run hot? Since we might not know the answer for some time, ...

  The UAE is right on track to become world’s innovation capital. Its comprehensive and visionary policies are creating a conducive climate for innovation and innovators to thrive. As laid down in the National Innovation Strategy, innovation is being encouraged in key sectors like renewable energy, transport, education, health, technology, water and space. The second Innovation Week — which kicked ...

  What does the election of Donald Trump mean for macroeconomics? Above all else, it means that the half-century-long challenge to Keynesian ideas is over. The insurgents lost. First, some background. During the Great Depression, John Maynard Keynes suggested that government spending would boost the economy, by increasing aggregate demand. In a recession, there are unused resources — empty offices, ...

  There are times when a confluence of events creates a rare opportunity. The U.S. now is at one of those the moments. To wit: As of January, a single party will control the executive and legislative branches of government; Campaign promises were made by the president-elect to upgrade infrastructure; The U.S. federal debt is almost $20 trillion; The U.S. ...

  Mihir Sharma US President Barack Obama’s the Trans-Pacific Partnership, his signature trade pact, is very likely dead. President-elect Donald Trump swept to victory in part by railing against such massive trade deals. Today, few in Washington would dare to challenge the view that globalization has benefited cheaper foreign workers at the expense of hard-working Americans. But Washington’s politicians, Donald ...

  Abu Dhabi / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, will extend its support to the 3rd edition of the Arab Women in Leadership and Business Summit, which will be held in Dubai from November 21-22, as official partners of the ...

  ABU DHABI / WAM Emirati women are playing an increasingly important role in the UAE’s nuclear industry holding critical positions at different levels, said HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation, and President of the Supreme Council for Motherhood and Childhood, in a statement ahead of the 24th Women ...