World Bulletin / News Desk
The Palestinian Authority endorsed a national minimum wage for the first time Tuesday, but protesting workers said it was too low.
The cabinet in Ramallah endorsed a wage committee's recommendation at its weekly meeting, setting the minimum wage at 1,450 shekels ($375) per month, reported Ma'an news agency.
PA ministers "commended the committee’s strenuous efforts and its findings. The Cabinet also expressed its understanding of some views and reservations expressed by some of the participants in the discussions," it said in a statement.
Outside the cabinet building, a demonstration organized by unions accused the government of humiliating workers. Protesters shouted: "High prices and low wages is the government's policy."
Shaher Saad, head of the General Federation of Trade Unions, urged the government not to approve the proposed wage, which he said violated international norms.
In July, PCBS said the relative poverty line was 2,293 shekels and the deep poverty line was 1,832 shekels.
Crude prices stabilised after diving more than two percent on Tuesday on increasing fears of a global supply glut, as continued production in the US and elsewhere offsets an OPEC output cut deal.
Move estimated to save company $1B in investment costs
However, most other regional markets struggled after Monday's healthy gains, despite being given a positive lead from Wall Street where the Dow and S&P 500 closed at fresh record highs.
The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain.
"The Bank of Russia Board of Directors decided to cut the key rate to 9.00 percent per annum," the bank said in a statement. The cut follows a half-point decrease in late April.
Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices.
"In May 2017, passenger car registrations across the EU increased by 7.6 percent to 1.387 million units," ACEA said in a statement.
In the eurozone, Frankfurt's DAX 30 index climbed 0.4 percent to 12,746.05 points, and the Paris CAC 40 gained 0.5 percent to 5,243.53 compared with the close on Thursday.
Eastern Mediterranean gas deposits discussed at high-level meeting in Thessaloniki
While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.
US, with 30 planned LNG terminals and six under-construction, is forecast to be next leader in LNG markets