wages – BOL News Staging

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

July 18, 2022 by Abdul Hadi

A windfall gains tax, according to Joseph Stiglitz, is a “no-brainer” that has been abandoned because of the influence of large corporations. The Nobel-winning economist personally lobbied Australia’s treasurer to enact the tax and warned against excessive interest rate increases. Treasurer Jim Chalmers warns of “confronting” inflation and wage projections. Australia today has an unemployment … Read more

Numerous BT employees decide to strike over salary.

July 1, 2022 by Abdul Hadi

About 30,000 engineers from BT’s Openreach division have voted to strike. Price increases are accelerating, and inflation is at a 40-year high of 9.1 percent. CWU claims that 91.5 percent of BT employees voted in favour of strike action. In a salary dispute, thousands of BT employees have decided to walk out on the job. … Read more

BOJ concentrated on wages and the currency; no discussion on yield cap

June 27, 2022 by Maryam nadeem

Many Bank of Japan policymakers saw stronger wage growth as key to sustaining the bank’s 2% inflation goal. One board member said sharp yen falls could hurt the economy. The BOJ stuck to its ultra-low interest rate policy and vowed to defend its cap on the 10-year bond yield. Many Bank of Japan (BOJ) policymakers … Read more

The parliamentary sleaze watchdog is looking into Keir Starmer

June 13, 2022 by Mishaal Siddiqui

Sir Keir Starmer stated that he followed all House of Commons procedures regarding wages and gifts. The Parliamentary Commissioner for Standards is investigating the Labor leader for possible violations. Sir Keir’s work and salary records, as well as his gifts, benefits, and hospitality records, are being investigated. Sir Keir Starmer stated that he followed all … Read more

Powell says the Fed won’t hold back to continue to raise rates until expansion descends

May 18, 2022 by Maryam nadeem

Central bank Chair Jerome Powell underlined his purpose to get expansion down, saying Tuesday he will back loan cost increments until costs begin falling back toward a sound level. “Assuming that includes moving past extensively perceived degrees of nonpartisan we will not hold back to do that,” the national bank pioneer told The Wall Street … Read more

Messi Decides to Stay Back on Curtailed Wages

July 17, 2021July 16, 2021 by Iraj Anwar

The Barcelona star, Messi has agreed to stay back on reduced wages, and complete his contract which is to end in 2026. However, the move depends solely on the player’s departure which decides the funding of the his salary. Messi was free to choose, right after his contract ended on 30th June’21. As per the … Read more

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