Car major Ford India has increased the equivalent average days in its severance package offer from the earlier 115 days to 121 days for employees who are supporting production at the Chennai plant, in a bid to ensure timely settlement for all employees by July 31. The company has requested the workers’ union to engage […]
Claudio Piron, co-head of Asia foreign exchange and rates strategy at BofA Securities, discusses the outlook for the region’s economies, central banks’ policies, and global currencies. He also talks about a survey that shows China’s services activity beat expectations in June and jumped to the highest level in nearly a year. He speaks with Yvonne […]
Facing flak over her call for ‘jihad’ against the Bharatiya Janata Party in West Bengal, Chief Minister Mamata Banerjee on Monday clarified her statement and said that ‘jihad’ only meant “strong protests ” in Bengali. Addressing a rally in Asansol on June 28, the Trinamool Congress supremo told her party workers, “On July 21, we […]
Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database. Industry experts are saying this may be the largest cybersecurity breach in the country’s history. Edwin Chan reports on Bloomberg Television.
Felipe Medalla, the newly-appointed governor of the Philippine central bank, discusses monetary policy and the outlook for the economy. Medalla said last month the central bank won’t shy from larger rate increases to prevent a steep peso fall from further stoking inflation. He speaks with David Ingles and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
A record number of people are pawning items to borrow money from Britain’s largest pawnbroker amid an escalating cost of living crisis. H&T Group said “pledge lending” – lending secured against a customer’s valuable items such as watches or jewellery – was at record levels, in a trading update published on Monday. The pawnbroker’s growth […]
Residential developers who meet green standards can now access a new Green Homes Incentive that will help deliver more thermally efficient and lower carbon homes in Wales. Funded by the Welsh Government, the Green Homes Incentive is available on residential development loans from Development Bank’s Wales Property Development and Wales Stalled Sites Funds and includes […]
The number of pubs in England and Wales continues to fall, hitting its lowest level on record, according to new research. There were 39,970 pubs in June, down by more than 7,000 since 2012, said real estate consultancy Altus Group. After struggling through Covid the industry now faced soaring prices and higher energy costs, it […]