Business
South Africa’s NUM seeks 15-60p wage rises from gold, coal producers
JOHANNESBURG, May 19 — South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 per cent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labour climate.
Africa's biggest economy ... Read More
Buddhists attach Thai baht banknotes on an artificial tree with golden leaves during a mass alms offering ceremony in Bangkok May 19, 2013. — Reuters pic
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German minister calls EU move on China solar ‘grave mistake’
BERLIN, May 19 — German Economy Minister Philipp Roesler said the European Commission made a “grave mistake” by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict.“It's a grave mistake,” Roesler told Welt ... Read More
BoE governor King warns of euro risk to British recovery
LONDON, May 19 — The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview today.He called for a “credible medium term plan” to get the economy back on track and said automatic ... Read More
The Rise and Fall of China’s Sun King
HONG KONG, May 19 — In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches.Two were of particular note: Yang Weize and Wang ... Read More
Independent Scotland open to Cyprus-style bank risks, says Britain
LONDON, May 19 — An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.Before a referendum due in September 2014 on whether Scotland should split from the United Kingdom, the British ... Read More
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