BusinessLabor

Foxconn Raises Wages – Will Apparel Follow?

Major electronics supplier Foxconn yesterday gave a 25% raise to its estimated 1.2 million employees. They will now make an average of $400 USD per month, before overtime. Foxconn also expressed a commitment to improving working conditions, following a wave of scandals regarding forced overtime,… Read More

Read More Read more
BusinessTrade

Korean FTA Takes Effect March 15th

KORUS FTA, a new free trade agreement between the United States and South Korea, will take effect March 15th. It will eliminate 95% of tariffs on consumer products over the next five years, including immediately eliminating trade protections on heavy textiles and footwear. This is… Read More

Read More Read more
BusinessLabor

Egyptian Protestors Accused of Thuggery

January 25th, the anniversary of the Lotus Revolution, has been declared a National Day in Egypt. Major General Ismail Etman of the Supreme Council of the Armed Forces (SCAF) made the declaration on Wednesday, January 11th. The celebration carries with it a risk of violence,… Read More

Read More Read more