Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
Stocks in Asia jumped on Wednesday morning following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Global wage growth fell to its lowest in almost a decade last year, with the U.K. seeing weaker wage growth than any other advanced G-20 nation.
Published Monday, the International Labour Organization (ILO)'s Global Wage Report found that international wage growth saw a 0.6 percent decline in 2017, based on data from 136 countries.
Since 2009, the U.K. has seen weaker wage growth than any other advanced G-20 country, the report showed, with wage growth stagnating between 2016 and 2017. U.S. wage growth remained positive, but fell behind the growth rates seen in South Korea, Germany and Australia in 2017.
Collectively, advanced G-20 nations saw wage growth fall from 0.9 percent to 0.4 percent between 2016 and 2017, while emerging and developing G-20 countries saw wage growth fall from 4.9 percent to 4.3 percent.
While average wages in emerging and developing G-20 countries almost tripled over the last 20 years, they only grew by 9 percent in advanced G-20 economies.
Wage inequality between genders was also flagged as an issue, particularly in low and middle-income economies. The ILO said in these nations, wages were frequently insufficient to cover workers' needs or provide for families.
ILO Director General Guy Ryder said wage growth was generally seeing a continuous slowdown.
"It's puzzling that in high-income economies we see slow wage growth alongside a recovery in GDP growth and falling unemployment — and early indications suggest that slow wage growth continues in 2018," he said in a press release.
"Countries should explore, with their social partners, ways to achieve socially and economically sustainable wage growth."
Earlier this week, a study suggested that wage growth could slow in the U.S. if Trump pushed ahead with tariffs on Chinese goods — costing households up to $2,400 next year and as much as $17,300 by 2030.
German Economy Minister Peter Altmaier told CNBC's Annette Weisbach last week that multilateralism and lower tariffs were essential to maintain global economic growth.
The wages analyzed by the ILO were adjusted for inflation.