Investors alarmed by Europe Inc.’s salary increases; recession concerns hike
Investors are alarmed by plans by European firms to raise wages and give one-time incentives to employees to assist them to get through a harsh winter. They are worried that the additional costs would affect profitability and hurt the region’s economy.Numerous businesses, including Stellantis and LVMH, are giving one-time incentives to the majority of their […]
TotalEnergies expedites wage negotiations at refineries due to fuel shortage
In response to union demands on Sunday, TotalEnergies (TTEF.PA) promised to move up salary negotiations to resolve a strike that delayed supplies to roughly a third of French gas stations and forced the government to use strategic reserves.The corporation suggests moving forward the start of the required annual pay talks to October, assuming the end […]
U.S.’s assault on China’s chip industry will not affect Samsung or SK Hynix
Insiders revealed the Biden administration intends to exempt SK Hynix (005930.KS) & Samsung (005930.KS) from the impact of new Chinese memory chipmaker limitations intended to impede Beijing’s technology ambitions and hinder its military development.According to the sources, requests from American suppliers to send equipment to Chinese companies like Yangtze Memory Technologies Co Ltd (YMTC) as […]