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Italy's ruling parties kill minimum wage bill
Italy's ruling parties kill minimum wage bill
Economy
by  AFP

Italy's governing right-wing parties on Wednesday scuppered an attempt by the opposition to introduce a minimum wage, which would have brought the country into line with the majority of the EU. Members of parliament voted instead to give Prime Minister Giorgia Meloni's hard-right government six months to enact measures to make pay in Italy "fairer".

US October trade deficit widens further on decline in exports
US October trade deficit widens further on decline in exports
Economy
by  AFP

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday. October's widening trade deficit was the result of a $2.6 billion decline in the value of US exports to the world, while imports rose by $500 million.

US private sector job growth slows in November
US private sector job growth slows in November
Economy
by  AFP

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday. "Restaurants and hotels were the biggest job creators during the post-pandemic recovery," ADP Chief Economist Nela Richardson said in a statement.