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Added on the 11/09/2018 09:49:54 - Copyright : Wochit
Beijing / Shanghai, Aug 7 (EFE/EPA).- China's trade with the rest of the world grew by 11.5 percent year-on-year in July, official data published on Saturday showed.However, the customs data indicated that the growth rate from a year earlier has slowed down.Yuan-denominated exports grew 8.1 percent last month to 1.82 trillion yuan ($281.6 billion), and imports increased 16.1 percent to 1.45 trillion yuan ($224.4 billion). (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE CITIES OF BEIJING AND SHANGHAI, CHINA.
Brussels (Belgium), Feb 1 (EFE).- (Camera: EFE) The eurozone unemployment rate at the end of 2020 was at 8.3%, since the figure did not change in December compared to November.FOOTAGE OF BRUSSELS.
Former Federal Reserve Chair Janet Yellen is now being confirmed for another top job--that of Treasury Secretary in the Biden administration. And according to Business Insider, she says raising the minimum wage to $15 an hour would have little to no impact on employment. Democrats support raising the minimum wage, but it remains a partisan issue due to its potential effects on the economy. GOP lawmakers consistently argue that raising the minimum wage would cost the country millions of jobs. However, Yellen said Tuesday that a $15 minimum wage increase wouldn't significantly impact the job market.
Trump threatened late Tuesday to veto the $892 billion coronavirus relief bill approved by Congress. This may delay aid for millions on the cusp of eviction and about to lose unemployment benefits. Trump said the bill did not provide enough support for small businesses. He also asked Congress to increase stimulus checks to individuals to $2,000. He called the current offer of $600 for most Americans “ridiculously low”. Nancy Pelosi agrees with Trump and many Democrats are on board to increase the stimulus checks.
White House negotiations with Democrats over another pandemic aid bill have come to naught so far. Congress left town on Tuesday without passing another one, as virus cases surge across the nation, and the economic recovery threatens to grind to a halt. Business Insider reports that the prospect of more coronavirus aid is uncertain during a 'lame-duck session.' Such a session takes place in an even-numbered year, between the general election and the first session of the new Congress. The next deadline Congress faces is December 11. It must approve another spending bill to prevent a government shutdown. President Donald Trump supports another stimulus package. But his position has veered from cutting off relief negotiations to pressing for more money than Democrats.
Given the seriousness of the economic and social situation in France, the priority is "'employment and low-wage issues", says French union chief Philippe Martinez, as he meets with newly-named Prime Minister Jean Castex. SOUNDBITE
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