Thailand is assessing a massive land bridge project in the country's south, Prime Minister Srettha Thavisin said on Tuesday, involving estimated investments worth one trillion baht (US$27.44 billion or RM130.15 billion), which would help boost growth and global trade.
Rolls-Royce Holdings plc plans to eliminate as many as 2,500 positions worldwide and will streamline operations, enacting the deepest job cuts yet under chief executive officer Tufan Erginbilgic.
Recent labour market data shows a softening economy which is likely to lead to slower wage growth and reduced inflation pressure, Bank of England policymaker Swati Dhingra said on Tuesday.
Growth in British workers' regular pay - which is being watched closely by the Bank of England - slowed from a previous record high and job vacancies also declined, official figures showed on Tuesday, in a sign that the labour market is losing momentum.
Japan's largest labour organisation Rengo is planning to ask for a total pay hike of more than 5%, including a 3% increase in base salaries, at negotiations in spring next year, public broadcaster NHK reported on Tuesday, citing unnamed official.
China's economy likely slowed in the third quarter, data is expected to show on Wednesday, weighed by persistently weak demand, although increased stimulus has improved the prospects Beijing might be able to hit its full-year growth target.