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  • Editor’s Picks / 29 January 2015 at 1:54 GMT

    Praise for Hong Kong hides land supply, competition flaws

    South China Morning Post
    The US think tank the Heritage Foundation has declared that Hong Kong is the world's freest economy. This cause for self-congratulation by the government for having apparently masterminded this miracle and the accolade is slipped into ministers' speeches at economic gatherings. But to call Hong Kong the freest economy in the world when the government owns all the land and manipulates its supply is patently absurd. How about competition? The new competition law is supposed to come into effect later this year after a long and painful process. While Hong Kong may be competitive for global trade, domestically it is hard to consume goods and services that don't come from a small number of conglomerates. And while Hong Kong has the population size and density to be a laboratory for "smart" ways of handling waste, transport and urban planning, it is anything but that.
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  • Video / 20 November 2014 at 13:58 GMT

    Yahoo, Firefox and Google's search for future success

    Owen Thomas
    How much of a blow to Google is a new deal which will see it replaced by Yahoo on Firefox in the States? Google shares are down 5% in six months but Yahoo shares are up by around 50% in the same period and tech expert, Stuart Miles, says 'search' is going to change dramatically over the next couple of years.
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  • Squawk / 24 June 2014 at 9:12 GMT
    Italian wages rose 0.1% month-on-month in May:

    ... There is still plenty of slack in the Italian labour market as evidenced by the still-high unemployment rate of 12.6% in April, which is not far from the peak of 12.7% hit back in November 2013. Spare capacity puts downward pressure on wages as confirmed by the May report on hourly wages.

    Hourly wages rose 0.1% m/m in May for an annual change of 1.3%, a slight increase from April's 1.2%, but the trend remains down. The current development in wages is necessary for Italian businesses to become more competitive.
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