[ WASHINGTON: The number of Americans filing new claims for unemployment benefits held steady at lower levels last week as the labour market remains fairly tight. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday. Economists polled by Reuters … Read more
[ KUALA LUMPUR: Malaysia’s economic growth slowed to 3% in the fourth quarter of 2023, with exports remaining subdued over the quarter on prolonged weakness in external demand. The country’s gross domestic product (GDP) was lower than 3.3% growth registered in the previous quarter, disappointing market expectations. READ ALSO: Economy expected to grow 3.4% in … Read more
[ Labour will reveal plans to increase taxes on large technology companies in its election manifesto, i understands. The party has scrapped plans for a new levy on digital services which would have forced US-based firms to pay more tax in Britain. But the manifesto will include a policy of shifting the burden of business … Read more
[ Labour has been warned that it risks creating a “two-tier” pension system with its plans to reinstate a tax on large retirement pots in a way that does not deter senior public sector staff from leaving their roles – with experts saying the policy may be “unworkable.” The party has committed to reintroducing the … Read more
[ Labour will cut its green spending plans in half after concluding that “something had to give” to meet its promise of balancing the public finances, Sir Keir Starmer and Rachel Reeves have confirmed. The party formally ditched its policy of spending £28bn a year on green infrastructure – sparking fury from environmental groups and … Read more
[ Labour is considering protecting “crucial” public workers when it reinstates a tax on large pension pots amid warnings that the policy could trigger an “exodus” of headteachers. The party has committed to reintroducing the lifetime allowance cap on pensions – a limit on the amount people can build up in pension savings over their … Read more
[ More than 86,000 appointments in England were cancelled because of last week’s junior doctors strike and a walkout by hospital dental trainees, according to NHS figures. Data released on Wednesday shows 86,329 inpatient and outpatient appointments were rescheduled due to the latest round of walkouts in the pay dispute. The total number is likely … Read more
[ PETALING JAYA: The crude palm oil (CPO) price could fall by nearly a quarter in 2024 due to higher supply. In a report, Fitch Ratings forecast Malaysia’s benchmark CPO spot prices to average US$650 (RM3,024) per tonne in 2024, substantially lower than around US$840 (RM3,908) per tonne in 2023. Read original article here Denial … Read more
[ Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the Covid-19 pandemic accelerates changes in the workplace likely to exaggerate inequalities, a World Economic Forum (WEF) study has found. Surveys of nearly 300 global companies found four out of five business executives were accelerating plans to … Read more
