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CHINA SALARY CUT
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- Charting the Global Economy: UK payrolls slide, inflation risesThe latest figures show the UK labor market is faltering, with job vacancies reaching a five-year low. Inflation rates have intensified, fu...
- Singapore's high-earning foreign workers double to 8,500; city-state steps up talent pushSingapore's special work visa has more than doubled its high-earning foreign holders. The Overseas Networks and Expertise Pass now has 8,50...
- Chinese AI drives price competition among US labsA new generation of cost-efficient, high-performance Chinese AI is putting pressure on Silicon Valley's leading labs to lower prices to gra...
- After making inroads into healthcare, private equity players are targeting India's schoolsAs private equity firms turn their attention to India's school education sector, they are adopting innovative investment strategies. By foc...
- China's record consumer defaults undermine Beijing's push to boost spendingChinese banks are reluctant to increase lending as bad loans rise. The government wants borrowing to boost consumption and economic growth....
- DOGE slashes research funds to private medical sector, scientists warn China could snatch America’s brightest mindsThe policy has faced legal challenges, with a federal judge temporarily blocking it, as reported by news agencies, leaving some universitie...
- China said to cut pay by half for staff at top financial regulatorsChina implements significant pay cuts for staff at its top three financial regulators, including the central bank, starting in 2023. Staff ...
- Indegene looks to integrate its Fair Pay app into performance management reviewsThe app uses information like the current and expected salary of the candidate, benchmarks them with external salaries and compares for int...
- China orders salary cuts of top executives of State owned enterprisesCommunist Party of China has approved plans and decided to cut salaries of executives of big state-owned enterprises (SOEs).
- China orders salary cuts of top executives of state-owned enterprisesDays after criticism by Chinese Prez Xi Jinping, the ruling Communist Party of China approved plans and decided to cut hefty salaries of ex...
- ZTE India puts plans to cut salary on holdZTE Corporation, China's second-biggest telecom equipment maker by revenue, has deferred plans to slash salaries in India by up to 20% foll...
- Indians may get biggest pay hikes next yearCompanies in Asia are set to offer bigger pay rises next year as the region continues to rebound from the global recession, notably in Indi...
- China slashes executive salaries and perksChinese govt asked state-owned enterprises to slash salaries of execs by 10-20%.
- China orders pay cuts for corporate high-flyersChina has ordered pay cuts for executives at state-owned banks and other finance firms as public anger grows over their high salaries durin...
- China orders finance executives to cut payChina's government said executives of its state-owned banks and insurers are paid too much and ordered them to cut their salaries to promot...
- Shrinking profit casts clouds over IT paychecksCompanies are likely to cut down overheads, expense accounts, variable pay and if needed, even core salaries, to stay profitable. BPOs spre...
- Hong Kong to cut taxes on profits, salariesHong Kong leader Donald Tsang is expected to announce cuts in taxes on profits and salaries in his annual policy address next week, a repor...
- Payslip pampering: desis right on topWhen it comes to payslip pampering, the outsourcing industry is right on top of the heap.
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