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Business & Economy

US should hike minimum wage to fight poverty

AFP, Washington :The International Monetary Fund Thursday urged the US to boost incomes for the poor, including raising the minimum wage, saying that would help sustain the country’s rebound from the Great Recession.Senior IMF...

Samsung and LG unveil new smartwatches

AFP, Seoul :South Korea’s Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an increasingly competitive market for wearable devices.The “Gear S” is...

US banks’ net income rises to $40.2b

Xinhua, Washington :US banks’ net income rose 5.3 percent in the second quarter compared with the same period of last year as banks spent less money in loan-loss provisions and noninterest expenses, the Federal...

French unemployment hits new record

Unemployment in crisis-hit France struck a new high in July, official statistics published Wednesday showed, in another blow for the deeply unpopular President Francois Hollande.The labour ministry said there were now 3.424 million people...