Greece to Increase Minimum Wage by €50 a Month From April 1
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
May 14, 2019
BNN Bloomberg
,The demand for housing in Canada may be stronger than official data suggests, according to CIBC Capital Markets Deputy Chief Economist Benjamin Tal.
Tal told BNN Bloomberg housing demand may be underestimated because post-secondary students are being undercounted in relation to how many households are being formed.
“We need to know whether or not we are building too much or too few houses. It’s not clear, quite frankly, if you look at the overall situation,” Tal said in an interview Tuesday, arguing data that’s collected by Statistics Canada and the Canada Mortgage Housing Corporation is incomplete.
“Regardless of who measures it, we are undercounting, because we don’t take into account students – and that’s very important.”
Tal said incorrectly counting the number of students who live outside of their parents’ home for the majority of the year is problematic because it doesn’t provide a true sense of supply and demand in the country’s housing market.
He stressed it’s “extremely important” to get the data right in order to ensure the country builds an appropriate amount of homes.
“When you look at supply, you also need demand,” Tal said. “If demand is measured inaccurately, that’s a major issue because then supply will be inaccurate. So we have to be careful here – you don’t want to build too much, you don’t want to build too little – you want to make sure that we are just right.”