EXCLUSIVE Google hit with antitrust complaint by Danish job search rival

A logo of Google is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 27 (Reuters) – Google was hit with an antitrust … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

Analysis: Why us? Italy seeks way out of low-wage economy trap

Italy is the only European country where wages have fallen since 1990 Tried to compete with Asia by cutting costs Most new jobs on temporary, low paid contracts Country has no minimum wage ROME, June 16 (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS / Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Investors’ faith in a soft landing for the US economy is being heavily tested, as a … Read more

Analysis: S.Korea truckers’ win no harbinger of labor market peace

SEOUL, June 15 (Reuters) – South Korea’s unionized truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonizing a public largely unsympathetic towards unions after years of militant action. But the group of aging drivers are often seen as outliers in the country’s combative and politicized industrial landscape and their … Read more

In the ‘miracle’ city of Shenzhen, fears for China’s economic future

SHENZHEN, China, June 13 (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags to … Read more

EXCLUSIVE Pakistan finance minister to seek deferred payments for Qatari LNG

Pakistan’s Federal Minister for Finance and Revenue Miftah Ismail speaks during an interview with Reuters at his office, in Islamabad, Pakistan June 11, 2022. REUTERS/Salahuddin/File Photo Register now for FREE unlimited access to Reuters.com Register Pakistan’s FX reserves dwindle as global fuel prices spike Islamabad seeks third long-term LNG supply deal with Qatar Pakistan requests … Read more

EXCLUSIVE Citigroup to hire 3,000 in Asia institutional banking business in growth push -Asia CEO

The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS / Athit Perawongmetha / File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 7 (Reuters) – Citigroup Inc (CN) plans to hire around 3,000 new staff for its institutional business in Asia … Read more