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Lebanon set to cut ministers' pay as protests engulf country -

Lebanon set to cut ministers' pay as protests engulf countryLebanon's cabinet is expected to approve reforms including halving ministers' wages on Monday in a bid to ease an economic crisis and defuse protests that have been the biggest show of dissent against the ruling elite in decades. Protesters blocked roads for a fifth day of demonstrations fueled by the crippling economic conditions and anger at perceived corruption of the political elite that has led Lebanon into the crisis. Officials told Reuters on Sunday that Prime Minister Saad al-Hariri had agreed a package of reforms with his government partners to tackle the crisis that has driven hundreds of thousands of protesters into the streets.


Mon, 21 Oct 2019 03:35:37 -0400

UPDATE 1-Indonesia president targets "innovative" cabinet, taps Gojek CEO -

UPDATE 1-Indonesia president targets "innovative" cabinet, taps Gojek CEOIndonesian President Joko Widodo said on Monday he wanted "innovative" ministers in his cabinet for a second term, as the co-founder of tech startup Gojek said he would join and a former chairman of Inter Milan soccer club was tipped for a post. The make-up of the cabinet is being closely watched to see how many are technocrats, who are more likely to fall in with Widodo's reform agenda. There has also been speculation that Widodo's challenger in April's bitterly fought presidential election, Prabowo Subianto, or other members of the opposition could join.


Mon, 21 Oct 2019 03:32:21 -0400

Rich Chinese outnumber wealthy Americans for first time - Credit Suisse -

Rich Chinese outnumber wealthy Americans for first time - Credit SuisseThe number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank's annual wealth survey released on Monday found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the United States. "Despite the trade tension between the United States and China over the past 12 months, both countries have fared strongly in wealth creation, contributing $3.8 trillion and $1.9 trillion respectively," said Nannette Hechler-Fayd'herbe, global head of economics and research at Credit Suisse.


Mon, 21 Oct 2019 03:30:00 -0400

Lebanon set to cut ministers' pay as protests engulf country -

Lebanon set to cut ministers' pay as protests engulf countryLebanon's cabinet is expected to approve reforms including halving ministers' wages on Monday in a bid to ease an economic crisis and defuse protests that have been the biggest show of dissent against the ruling elite in decades. Protesters blocked roads for a fifth day of demonstrations fuelled by the crippling economic conditions and anger at perceived corruption of the political elite that has led Lebanon into the crisis. Officials told Reuters on Sunday that Prime Minister Saad al-Hariri had agreed a package of reforms with his government partners to tackle the crisis that has driven hundreds of thousands of protesters into the streets.


Mon, 21 Oct 2019 03:28:59 -0400

China stocks end up on trade, stimulus hopes -

China stocks end up on trade, stimulus hopesChina stocks closed up on Monday, on hopes China and the United States could sign a trade deal and that Beijing would continue its policy support for the economy. ** U.S. President Donald Trump on Friday said he thought a trade deal between the United States and China would be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.


Mon, 21 Oct 2019 03:22:21 -0400


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