- 4 Oct 2012:A growing economy typically should see wages grow faster than inflation. This has been the case for most of Taiwan's peers: From 2000 to 2011, real wages - or wages minus inflation - rose an average of 3.8% a year in South Korea, 1.8% in Singapore and 0.8% in Hong Kong. But in Taiwan, workers' real salaries have actually seen zero growth in that time period.
- Slowing growth in China and India has hit prospects across the rest of Asia and led the Asian Development Bank to make the biggest cut in its regional economic growth forecast since 2008, according to its chief economist.
- 3 Oct 2012:Tens of thousands of factory workers took part in a general strike across Indonesia on Wednesday, calling for higher wages, more social security and an end to employers' use of temporary contracts to circumvent the country's strict labour laws.
- 2 Oct 2012:Jobless numbers hit a grim record of 18.2 million across the eurozone in August, showing an annual rise of well over two million for the recession-stricken single currency area.
- 19 Sep 2012:Japan has partially approved a plan - without a specific deadline - to phase out nuclear power after last year's Fukushima disaster, officials say.
- 18 Sep 2012:Dozens of Japanese businesses shut operations in China on Monday and urged expatriates to stay indoors, fearing an escalation of protests triggered by Tokyo's decision to nationalise a group of islands claimed by Beijing.
- 14 Sep 2012:The US central bank has moved to kick-start economic recovery by restarting its policy of pumping money into the economy via quantitative easing.
- 17 Jul 2012:Foreign direct investment into China fell in June as an economic slowdown dampened companies' appetite for expansion.
- 27 Jun 2012:As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles.
- 11 May 2012:President Obama's visit will highlight the historic public and private investments in new advanced manufacturing, R&D, and education facilities helping to revitalize upstate New York and strategically position the US in the global economy.
- 7 May 2012:The results in France and Greece came after a tumultuous few weeks in which the Dutch government fell and Britain's Conservative-led coalition received a licking in local elections.
- 3 May 2012:Unemployment in the eurozone reached a record high again in March 2012 as spending cuts continued to hit the working population.
- 14 Mar 2012:Oil traded near the highest price in two days in New York as investors speculated fuel demand may increase amid signs the US economy is strengthening.
- 12 Mar 2012:'Made in Japan' stamp to disappear as tsunami sees industry move out (March 11) - Daily Telegraph (UK)"It is likely to mean fewer goods are 'Made in Japan', but more are 'Made by Japan'," said David Rea, Japan economist at Capital Economics.
- China posted its largest trade deficit in at least a decade in February after imports of commodities jumped as companies built up supplies.
- 5 Mar 2012:China's premier warned that growth will slow this year in the world's second-largest economy as the government seeks to overhaul the country's "unbalanced, uncoordinated and unsustainable" development model.
- 14 Feb 2012:President Obama has a date with China's Vice President Xi Jinping on Valentine's Day, and despite tensions between the world's two largest economies, they're both likely to put on a happy face. Like it or not, the economic fates of both countries remain closely intertwined.
- 10 Feb 2012:China's exports and imports both fell in January 2012, raising fresh concerns about the impact of a global slowdown on its economy.
- 6 Feb 2012:The Arctic cold snap that has hit Europe for over a week has claimed nearly 300 lives, bringing air travel chaos to London and dumping snow as far south as Rome and even North Africa.
- In its China Economic Outlook report released Monday, the IMF said China's growth rate, which stood at 9.2% last year, would drop abruptly if the euro zone experienced a sharp recession.
- The US economy created 243,000 jobs in January 2012, the highest total for nine months, official figures show.
- 7 Jan 2012:Unemployment in the eurozone stayed at a record high in November as the impact of the sovereign debt crisis rumbled on, according to official figures.
- The United States added 200,000 new jobs last month, the Labor Department said Friday, a robust number that came on the heels of a flurry of heartening economic news.
- 4 Jan 2012:Samsung, Hyundai tell workers to brace for economic uncertainty (January 3) - Bloomberg (via Businessweek)Samsung Electronics and Hyundai Motor, South Korea's largest companies, told employees to brace for intense competition in a weak global economy as the government called for contingency planning.
- 2 Jan 2012:But he said that the biggest goal was stability, and that aid-for-disarmament talks could resume if Pyongyang halted its nuclear activities.
- 21 Dec 2011:The strength of the Japanese yen as well as the ongoing European debt crisis have weighed on external demand.
- 19 Dec 2011:South Korea said it's prepared to intervene in markets as the death of North Korean leader Kim Jong Il clouded the outlook for an economy already faltering on weak export demand.
- 10 Dec 2011:After a marathon all-night session and another day of wrangling at a crucial summit in Brussels, European leaders hammered out a deal they hope will stave off a eurozone collapse and create an anti-crisis framework for the future.
- 8 Dec 2011:Christmas-tree spending rises to highest since pre-recession (December 7) - Bloomberg (via Businessweek)"We expect strong tree sales this year and strong holiday sales overall," said Jean Niemi, a spokeswoman for Atlanta- based Home Depot Inc., the world's largest home-improvement retailer. "History shows us that even in a down economy, the Christmas tradition isn't one that families part with."
- 4 Dec 2011:The US unemployment rate dropped sharply to 8.6% in November, its lowest level in two-and-a-half years, from 9% the month before, official figures show.
- 29 Nov 2011:Yuan halts three-day loss on Europe's efforts to solve crisis (November 29) - Bloomberg (via Businessweek)The yuan halted a three-day losing streak on speculation European leaders will boost efforts to solve the region's sovereign-debt crisis.
- 23 Nov 2011:The United States economy grew at a slightly slower rate than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened analysts' views that output would pick up in the current quarter.
- China's manufacturing activity dropped to a 32-month low in November, renewing fears the Asian powerhouse is losing steam amid global economic woes.
- South Korea's parliament has ratified a free-trade deal with the US, after years of wrangling over the issue.
- 14 Nov 2011:The man tapped to be Italy's next premier earned the moniker "Super Mario" in the halls of the European Commission, stopping such corporate giants as Jack Welch and Bill Gates in their competitive tracks.
- 12 Nov 2011:Eighteen years after it first asked to join the World Trade Organization, a still ambivalent Russia is on the verge of membership, with negotiators expected to sign off on the final terms at a meeting in Geneva beginning November 10.
- 11 Nov 2011:Fears about a wave of successive layoffs by semiconductor firms were stoked last week when two chipmakers gave out walking papers.
- 9 Nov 2011:The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade".
- 3 Nov 2011:ING's announcement follows job cuts by other big Dutch lenders. Nationalised Dutch bank ABN Amro is shedding 2,350 jobs as the state readies it for a return to private hands, while Rabobank said it planned 1,200 job cuts to save costs.
- 13 Oct 2011:The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.
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