Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
McDonald's is teaming up with AARP and the AARP Foundation to hire more older workers.
The partnership will mean that all U.S. job postings from the fast-food giant will be featured on AARP's job board. With the AARP Foundation, McDonald's U.S. division is also piloting a program in five states to match McDonald's and any franchisees who opt into the program with older Americans looking for jobs.
McDonald's likes to tout itself as "America's best first job." But student workers lack the availability or the willingness to work breakfast and lunch hours. The Chicago-based company is also dealing with a tight labor market as it gears up to hire 250,000 people this summer. So instead, McDonald's is turning to a demographic eager for jobs: baby boomers.
Right now, about 11% of the workers at McDonald's company-owned restaurants are 50 years or older, while teen workers make up 40% of employees. Melissa Kersey, McDonald's U.S. chief people officer, said that franchised locations typically mirror those patterns, but she could not provide the specific data.
"They bring a unique skillset that we're very excited about," Kersey said in an interview.
Experience being calm under pressure, solving problems and dealing with tough customers makes older workers ideal for the job. Additionally, Kersey said that McDonald's has seen an unexpected benefit to hiring mature employees: two-way mentoring. Teen workers are learning from their older counterparts and vice versa.
Adults age 55 years or older is one of the fastest-growing segments of the workforce. The National Restaurant Association's analysis of labor data found that the number of restaurant employees in that demographic has jumped by 70% between 2007 and 2018. Economists attribute the change to longer lifespans, which means higher health-care costs and retirement saving that doesn't stretch as far as it used to.