Pound to euro exchange rate: Sterling ‘jumps’ after unexpected positive UK wage data

The pound to euro exchange rate is currently 1.1398 according to Bloomberg figures this morning. A move so close to 1.14 returns sterling to figures seen last week. And happily, the boost to GBP is thanks to positive data showing strong wage growth in the UK. TorFX currency analyst Laura Parsons explained: “The pound jumped […]

13yo New Mexico compound victim says he was trained to wage jihad – court papers

The chief suspect in the case of the New Mexico compound, where 11 children were kept in slum-like conditions, sought to build an army of child recruits to carry out jihad, according to an FBI interview with one of the victims. Siraj Ibn Wahhaj, 37, who was arrested by the FBI and charged with child […]

There’s one simple explanation for the wage stagnation ‘puzzle’ confounding top Fed officials

AP/Jose Luis Magana Federal Reserve officials have long been baffled by the absence of wage growth for median US workers despite a long-standing economic recovery that has sharply lowered unemployment to 3.9%. A new paper offers a convincing hypothesis for the Fed’s conundrum: underemployment and weak bargaining power for workers is more rampant than the […]

Venezuela's Maduro announces new minimum wage, exchange rate tied to petro cryptocurrency

Venezuelan President Nicolas Maduro has announced the plan to tie the national currency’s exchange rate to the state-launched cryptocurrency petro. The country’s new and increase minimum wage will also be anchored to the petro. Maduro said the petro would be valued at $ 60 or 3,600 sovereign bolivars after the redenomination planned for August 20 […]

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]

The rich world needs higher real wage growth

CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]

As two Koreas shake hands, Hidden Cobra hackers wage espionage campaign

Enlarge / North Korean Leader Kim Jong Un (L) and South Korean President Moon Jae-in (R) shake hands over the military demarcation line upon meeting for the Inter-Korean Summit on April 27, 2018 in Panmunjom, South Korea. (credit: Korea Summit Press Pool/Getty Images) As Kim Jong Un became the first North Korean leader to step […]

Pound to euro exchange rate: GBP boosted by better than expected UK wage data

The pound is fairing well again against the euro today after the UK received better than expected wage data. The latest Bloomberg figures report the GBP/EUR exchange rate to be 1.1455 this compares to yesterday’s figures of 1.1421. Alongside the lowest levels of debt recorded since the 2008 financial crisis, the pound started to secure […]

It just got much easier to wage record-breaking DDoSes

Enlarge (credit: Gabriel Andrés Trujillo Escobedo Follow) It just got much easier to wage distributed denial-of-service attacks of once-unthinkable sizes, thanks to the public release of two ready-to-run exploits that abuse poorly secured memcached servers to flood targets with record amounts of junk traffic. As Ars reported last week, DDoSers last month started bouncing specially […]