Thursday, April 16, 2015

China's Foreign Direct Investment is Up by 2.2% in March at $12.4 billion

China has gained $12.4 billion of foreign direct investment in March which is up by 2.2% from a year earlier according to the Ministry of Commerce. Last February they have tallied $8.56 billion FDI which is  0.9% higher than a year earlier. China first quarter (January-March) FDI for the year 2015 is up by 11.3% at $34.88 billion.

This is good news considering a series of bad news about China economy, like slowing industrial activity and decreasing GDP.

Investment from European countries posted large year-on-year gains in the 1st quarter of 2015, with France and UK investment up 40% and 259% respectively. In aggregate, European Union countries invested $2.02 billion, up 30.5%.

Friday, April 3, 2015

McDonald's Raises Wage by $1 an hour, Workers say not Enough

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Ronald McDonald won't happy about this news. McDonald's announced that they will be increasing the wages for their 90,000 employees of about at least $1 an hour more than the minimum wage. However, workers and labor groups are not happy about the increase they say that the pay-increase plan is too little for too few people. Since the pay hike will not cover the employees at franchises, which make up 90% of McDonald's roughly 14,000 U.S. stores. The pay hike will start July 1.

Organizers are planning a massive rally scheduled on April 15, they are fighting for a $15 hourly minimum wage.

The company said that by the end of 2016, the average hourly wage for McDonald's workers at those stores will be more than $10 an hour, up from $9 an hour.