Global real earnings decreased by 0.9% in the first half of 2022, according to a UN International Labour Organization (ILO) report, as a result of a global slowdown in economic development and rising inflation. A fall is observed for the first time in twenty years, which ILO specialists blame to the conflict in Ukraine and the energy crisis. Real earnings, which reflect the purchasing power of...

Germany will make the immigration process simpler in order to draw in talented people, reports Bloomberg. The state hopes that this will also speed up the hiring process for non-EU citizens by German businesses. According to Bloomberg, who reviewed the cabinet's strategy paper, the German government is expected to approve streamlined immigration regulations for workers from non-EU countries on...

Christine Lagarde believes that the ECB may choose from a variety of possibilities depending on a number of variables. President of the European Central Bank Christine Lagarde said that a variety of factors will determine scope and timing of future increases in key interest rates. In her address to the European Parliament, Lagarde said, "How long we still have to act, and how swiftly we should...

Goldman Sachs Group predicts that Chinese authorities may suspend its zero-tolerance coronavirus stance by April, which is earlier than originally anticipated. China may take this action due to protests that started throughout the nation when coronavirus limitations were once again tightened. There is a 30% probability, according to Goldman Sachs analyst Hui Shan, that China would remove all...

The bill on the Shanghai Cooperation Organization membership was accepted by the Iranian parliament (SCO). The National Security and Foreign Policy Commission's report on the proposed bill authorizing the SCO membership of the Iranian government was discussed in a public session of the parliament. According to Tasnim News, representatives of the Islamic Council endorsed the country's admission to...

A new proposal for financial assistance to Ukraine in the amount of €18 billion for 2023 has received backing from the European Parliament, said Roberta Metsola, the speaker of the parliament. "The European Parliament recently approved €18 billion for Ukraine in record time. Our stance in favor of Ukraine has only become stronger after nine months of indiscriminate fighting. We will not yield,"...

Doctors in China found 31,656 cases of the coronavirus infection yesterday, November 23. 87% of these cases are asymptomatic. Since the pandemic began, this is a record-breaking increase in a single day. According to AFP, a lockdown has been imposed in the Chinese city of Zhengzhou because of a rise in diseases. The previous daily high for the growth of COVID-19 cases was 29,411 cases on April...

Energy Minister Abdulaziz bin Salman Al Saud announced on Wednesday that Saudi Arabia will invest more than $769 billion (2.85 trillion riyals) in energy projects. During the opening ceremony of the new office of the petrochemical company SABIC, he stated: "The cost of targeted projects in the kingdom's energy sector, which are planned to be implemented until 2030, is about 2.85 trillion Saudi...

According to AFP and Reuters, "large-scale protests" have started at a Foxconn factory in the Chinese city of Zhengzhou. The newspapers are referring to CCTV footage that has been posted on Twitter and the Chinese microblogging site Weibo. The approximate number of the "huge group of workers" shown in the video is not stated. They used sticks to smash the glass and security cameras of the Foxconn...