The US Nonfarm Payroll rose by 114,000 in July – significantly below estimates after being revised lower over the past 3 months. Wage growth also decelerated, with the average hourly earnings declining to 3.6% y/y, from a downwardly revised 3.8% y/y. Additionally, unemployment rate rose f...
Meanwhile, the price index and wage growth were revised lower in the GDP report. Elsewhere, Euro area economic confidence improved to 92 in May but was below the consensus forecast of 96.2. Meanwhile, the jobless rate beat expectations of no change, falling to 6.4% in April. The region’s...
“We’ve created just under 7,000 livelihoods to date, and they make between seven to 10 times the average daily wage,” Agricycle founder and CEO Josh Shefner says. In Spain, renowned designer Júlia Roca Vera has created a range of cosmetics, including cleansers and moisturisers, based ...
Nominal wage growth only deteriorated from 0.2% y/y to -0.7% y/y owing to the concurrent spike of consumer price inflation from -0.2% to 1.3%. Nevertheless, -0.7% is well below its long-term average of 2.1% and matches the series low prior to the pandemic, which was in the second ...
Also selected are Tanzania, Tunisia, Cameroon, Egypt, Mauritius, and Ghana. AfCFTA’s main goal is to bring down barriers in trading, specifically tariffs and import quotas, encourage the free trade of goods and services, boost intellectual property protection, expand opport...
The company plans to use the infused capital to enter more markets across Africa and extend vehicle financing credit to over 100,000 drivers in the next two years. It plans to launch operations in Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in ...
in the minimum wage, which went up by more than 16 percent this year and is scheduled for another increase next year. The bill comes at a crucial time as trilateral talks between the government, labor and businesses representatives have until June 28 to decide next year’s minimum wage. ...
butter while also earning a living wage. The company officially launched in August 2018, and Dinko created awebsiteto promote the business as well as their merchandise. Since 2018, Northshea has been successful in providing economic stability to women in Ghana and lifting many out of...
A growing number of restaurants are charging customers delivery fees or halting deliveries as they struggle with the minimum wage hike.Hwang Doo-hyun (31), who lives in northeastern Seoul, has had to cut down on ordering in because few restaurants will deliver cheap meals. "I can only have ...
In Hong Kong, Standard Chartered Private Bank is the private banking division of SCBHK, a subsidiary of Standard Chartered PLC. Ghana: Standard Chartered Bank Ghana Limited accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including special, ...