Japan PM Kishida urges companies to raise wages by 3% or more
Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered to pre-pandemic levels to raise wages by 3% or more at their labour talks next spring, aiming to achieve a virtuous cycle of growth and wealth distribution.
Analysis: Europe’s big payday remains elusive even as inflation surges
Visions of spiralling wage inflation in the euro zone have dominated the talking points of conservative central bankers in recent weeks as they called for a moderation in central bank stimulus.
Leadership shake-up to test Mexican central bank as inflation soars
Mexican President Andres Manuel Lopez Obrador’s surprise shakeup of the nomination process for the Bank of Mexico’s (Banxico) next chief has cast doubt over the bank’s rate-tightening cycle as it battles to keep high inflation in check.
Apple warns Thai activists “state-sponsored attackers” may have targeted iPhones
Apple Inc issued alert messages on Wednesday to at least six activists and researchers who have been critical of Thailand’s government, warning it believed their iPhones had been targeted by “state-sponsored attackers”, according to activists and the alerts reviewed by Reuters.
Analysis: Amid Bukele’s bitcoin hype, not all Salvadorans ‘Feel the Bit’
El Salvador’s President Nayib Bukele took the stage last weekend at the end of “Bitcoin Week” to the cheers of fans delighted his Central American country has become the first to adopt crypto currency as legal tender, alongside the U.S. dollar.
Australia Q3 business investment slips, outlook surprisingly resilient
Australian business investment slipped in the third quarter as pandemic lockdowns shut many firms, though future spending plans proved surprisingly resilient and a rapid recovery is expected now that most restrictions have been lifted.
How a little Texas town snagged a $17 bln Samsung chip plant deal
Williamson County Judge Bill Gravell is the first to admit few people had heard of his small town of Taylor in Central Texas before South Korean conglomerate Samsung announced it was building its new $17 billion chip factory there.
Japan’s finance ministry to take corrective action against Mizuho – Nikkei
Japan’s finance ministry is set to take punitive action against the banking arm of Mizuho Financial Group (8411.T) over a lack of compliance with the country’s foreign exchange law, the Nikkei business daily reported late on Wednesday.
Taiwan looking at chip cooperation with Eastern European nations
Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.
EXCLUSIVE Dyson dumps Malaysian supplier ATA over labour concerns
High-tech home appliance maker Dyson Ltd told Reuters it had cut ties with supplier ATA IMS Bhd (ATAI.KL) following an audit of the Malaysian company’s labour practices and allegations by a whistleblower, sending ATA shares plunging.
