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Real-time News
The weekly change in U.S. ADP employment figures for the week ending May 9 will be released in ten minutes.On May 27th, Liu Qiangdong stated in a recent internal video speech that "JD.com will become the largest physical world operator, and 20 years from now, JD.com will still be the company with the most employees in China." Liu Qiangdong said, "Faced with the impact of new technologies, whether its business model innovation or developing more new businesses, we must do everything possible to protect the jobs of hundreds of thousands of employees, including our blue-collar workers. Frankly speaking, management trainees can easily find jobs in the market after leaving JD.com, and theres a high probability theyll even get a raise. So Im never worried about your jobs. Of course, I will also try my best to support you. You like this company, trust this company, and feel that your intelligence and hard work at this company arent just for me, Liu Qiangdong, but have returned to the world. You recognize our company culture, and we will do everything we can to keep you employed long-term." He explained that JD.com has launched a "Rebirth Project," the essence of which is to protect the jobs of countless blue-collar workers. In the wave of new technologies, JD.com has established more than 80 robobases (projects) across the country to train blue-collar workers in new skills such as robot repair and maintenance, helping them to become white-collar workers and highly skilled workers with higher incomes and greater social demand.ECB Governing Council member Pereira: We are looking at the second-order effects of prices and wages, which will be considered at the next ECB meeting.On May 27th, European Central Bank (ECB) Governing Council member Machrouf stated that the ECB is determined to bring inflation back to its established target level; however, he declined to reveal whether an interest rate hike next month would be necessary to achieve this goal. Machrouf said, "Our primary objective must be to deliver on our 2% inflation target commitment." "We will take all necessary actions to achieve the 2% target, which is why the market has made such expectations." With only two weeks until the ECBs next policy meeting, investors and economists are widely betting on a 25 basis point rate hike. Some of Machroufs colleagues have also publicly expressed support for a rate hike, but others insist that the ECB should continue to adhere to a prudent approach of "deciding on a meeting-by-meeting basis."Goldman Sachs now expects the Reserve Bank of New Zealand to raise interest rates in July and September.
