Category: Economy

Hong Kong’s jobless rate remained stable during the June to August period, data from the Census and Statistics Department showed on Tuesday. The unemployment rate remained steady at 2.9 percent during the June to August period, same as in the previous three months. The number of unemployed persons increased to 120,600 during the June to August period from 118,500 in the previous three months. “As economic conditions have deteriorated further lately, the local labor market will unavoidably be subject to increasing pressure in the near term,” the Secretary for Labor…

The Flint Assembly plant has been an integral part of General Motors for more than 70 years, turning out more than 13 million vehicles and providing the livelihood of generations of workers. But on Monday, the factory’s output of Chevrolet and GMC trucks came to a halt. That’s because the United Auto Workers, whose ranks include some 4,800 hourly workers at the Flint plant, went on strike against G.M. for the first time in 12 years. Much has changed since then: G.M. went through bankruptcy, shed brands, pared its United…

Former Tory foreign minister and senior advisor at Bennett Jones John Baird talks to the Financial Post’s Larysa Harapyn about why foreign investment has declined in this country and what we can do about it. Read More Source link

Czech producer price inflation remained stable in August, figures from the Czech Statistical Office showed on Monday. The producer price index rose 2.1 percent year-on-year in August, the same rate as seen in July. Economists had expected the rate to ease to 1.9 percent. Among the main components, prices of electricity, gas, steam and air conditioning rose 7.7 percent annually in August. Among the main industrial groupings, prices of non-durable consumer goods and energy grew by 3.5 percent and 3.4 percent, respectively, in August. On a monthly basis, retail sales…

WASHINGTON — The World Trade Organization will grant the United States permission to impose tariffs on the European Union as part of a prolonged scuffle over subsidies given to European plane maker Airbus, European officials said Monday, a move that is likely to exacerbate trade tensions across the Atlantic. The ruling, to be published in the week of Sept. 30, is the global trade body’s final decision in a 15-year old dispute over the government assistance that Europe provides to its major plane manufacturer. It will clear the way for…