Chinese factory workers producing toys for major brands like Mattel, Hasbro, and Disney continue to work in grueling conditions, according to a recently published report by the nonprofit China Labor Watch, in collaboration with NGO Solidar Suisse. Some workers have committed suicide amid work pressure, the report said. While China Labor Watch was investigating the Early Light Toy Factory in Shaoguan City, Guangdong Province, which manufactures toys, clothing, and travel accessories for major brands like Big Lots, Hasbro, Mattel, Costco, and Wal-Mart, two workers jumped from buildings. The organization reports the case of Yang Zongfang, 38, who was fired after violating a factory rule forbidding workers from allowing other people to use their entry card, and Lin Jinhua, 34, who tried to end his life after verbal abuse by a manager.
The majority of market observers presently consider it a foregone conclusion that the Fed will raise interest rates by 25 bps in December and arrive at a base rate of 1.25% to 1.50%. At the same time QT (Quantitative Tapering) is supposed to be progressing at US$ 10 billion monthly. More rate hikes are expected in 2018. As in the past such a Fed policy will probably result in a recession as higher interest rates and tightened credit will slow down growth.
Investors are now very familiar with ETFs, the acronym for exchange traded funds. Seventeen years have passed since the first European exchanges, including SIX Swiss Exchange, launched the corresponding trading segments. Since that time, ETFs have become quite a success, and the Swiss stock exchange's ETF segment is adding another chapter to this success story this year.
Excessive use of smartphones creates an imbalance in the brain chemistry of teenagers and young adults, according to a study. A recent Pew Research Center study found that 46% of Americans said that they cannot live without their smartphones, Science Daily reports. More and more people are becoming dependent on their smartphones and other gadgets for information, news, communication, games and such.
Call it profit taking, call it sectors rotation, the sudden increase in volatility that hit Wall Street just at the dawn of the last month of the year deserves some attention. Most of 2017 has been spent in an uptrend driven by the Technology sector and no significant drop hit the market during the year. Another peculiarity of 2017 has been the constant decrease in correlation among sectors: most stocks usually follow a common trend, not this year.
Bank of Canada thinks now is a good time to research their own digital currency. Although the name remains unknown, they are not the first financial institution to contemplate such an approach. Central bank digital currencies are a very unusual development in the financial sector. So far, no major bank has made any significant progress in developing such a currency. Bank of Canada may be the first to achieve some breakthrough in this regard. A paper has been circulating which focuses on creating a native digital currency.
Following new cryptocurrency regulations in April, Japanese police have pointed to 170 cases of money laundering via cryptocurrencies reported by exchange operators in six months between April and October. The first such report by the National Police Agency was conducted after the law on prevention of transfer of criminal proceeds was revised in April, requiring cryptocurrency exchange operators to report transactions suspected to be involved in money laundering.
A British organization representing 5.4 million people in England and Wales brought a massive lawsuit against the American tech-giant Google on November 30 in the United Kingdom, accusing the California-based company of illegally harvesting data from its customers' iPhones to then use for individually targeted advertising
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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