Myanmar to raise minimum wage
The authorities are exerting efforts to increase the minimum pay rate as workers are struggling with the rising cost of living in their daily lives.
Nations
U.S. report says humans cause climate change, contradicting top Trump officials
Directly contradicting much of the Trump administration’s position on climate change, 13 federal agencies unveiled an exhaustive scientific report that says humans are the dominant cause of the global temperature rise.
South African cabinet approves $1.43 an hour national minimum wage
Credit ratings agencies have said a minimum wage could help stabilise the labour market and reduce the number of costly strikes in Africa’s most industrialised economy.
U.S. signs deal with Denmark to expand offshore wind energy cooperation
A new deal calling for further cooperation in the offshore wind energy sector has been signed by the US and Denmark, thanks to a fairly positive view of wind energy within the Trump Administration, according to recent reports.
Fiji issues first developing country green bond, raising $50 million for climate resilience
Fiji has become the first emerging market to issue a sovereign green bond, raising 100 million Fijian dollars, or US$50 million, to support climate change mitigation and adaption.
Britain has doubled its minimum wage since 2000 with no observable effect on unemployment
The data suggest that the traditional economic idea that rising wage prices reduce the number of available low-paid jobs might not be true.
Qatar introduces minimum wage for first time
Qatar has committed to a range of labour law reforms, including the introduction of a minimum wage.
Nicaragua signs the Paris climate accord, leaving only two countries to not sign the pact
That leaves Syria as the only nation never to have signed on; the US joins war-torn Syria as one of only two nations currently opposed the agreement.
Israel’s Knesset votes to raise monthly minimum wage
“Raising the minimum wage to NIS 5,300 is a direct continuation of our work in favor of narrowing gaps and strengthening the working population,”says Finance Minister.
European spending on energy efficient building technologies in 2026 to near $112 billion
The European market for energy efficient building technologies is expected to grow from $83.5 billion in 2017 to $111.9 billion in 2026.