Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – California Gov. Jerry Brown on Monday was set to unveil an updated budget plan to close a record $26.6 billion deficit while taking into account better-than-expected April tax receipts and Republican opposition to a June ballot on tax extensions. The announcement will come [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British households have lost about $750 (GBP 500) in the past 12 months, according to a study by the Institute for Fiscal Studies released on Friday. It is considered the largest drop in household income since 1981, and is equal to what households made [...]
Linda Young – AHN News Writer London, United Kingdom (AHN) – Banking giant HSBC announced Wednesday that it plans to shave costs by up to $3.5 billion with a combination of strategies, including reducing its retail and wealth management divisions as well as trimming IT operations. HSBC is Europe’s largest bank, but it also has [...]
Linda Young – AHN News Writer Tallahassee, FL, United States (AHN) – State lawmakers in Florida have approved a deal to cut jobless benefits for unemployed workers. Florida Gov. Rick Scott is expected to sign the bill into law. Beginning in 2012, workers who lose their jobs can only qualify for a maximum of 23 [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – The pay gap between public and private sector employees in Britain widened further from 2008 to 2010, according to a study by British think tank Policy Exchange released over the weekend. According to the report, a government sports and leisure assistant got an average [...]
Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – The unemployment rate grew 9 percent in April despite the economy adding more jobs than was expected. The Labor Department said on Friday nonfarm payroll increased 244,000 during the period, boosted by gains in the service, manufacturing and mining industries. In the private [...]
Vittorio Hernandez – AHN News Regina, Saskatchewan, Canada (AHN) – All of Saskatchewan’s teachers struck on Thursday to demand a contract. The educators have been working without a contract since August 31. The job walk off of members of the Saskatchewan Teachers’ Federation made the province’s history because it is the first time they initiated [...]
Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The Employers Confederation of the Philippines rejected the $1.75 (PHP 75) daily wage increase sought by Metro Manila workers, but instead offered a paltry $0.30 (PHP 13.35) hike. ECOP President Edgardo Lacson said Wednesday at the 32nd National Conference of Employers that the country’s [...]
John Nestor – AHN Sports Correspondent New York, NY, United States (AHN Sports) – NBA players don’t see much difference in a new proposal from the league’s owners and they are not happy about it. The latest formal collective bargaining proposal the owners have handed the players is a 10-year deal that is just barely [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Carbon Trust, a British government think tank, foresees a bright future for the country’s marine energy sector whose value is expected to reach $114 billion (GBP 76 billion) in the next four decades. Carbon Trust released Monday an analysis of the sector, weeks after [...]
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