EUR/USD 1.14218
-0.776%
Gold 5016.12
-1.248%
Oil 96.467
1.332%
USD/JPY 159.671
0.208%
GBP/USD 1.32265
-0.866%
GBP/JPY 211.193
-0.611%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 15th - According to NHK, following Trumps expression of hope that Japan would join the US in maintaining the "openness and security" of the Strait of Hormuz, a senior official stated that any decision to send Japanese warships to the Middle East for escort missions would face a "very high hurdle." Liberal Democratic Party policy research chief Takayuki Kobayashi, responding to Trumps call to send warships to the Middle East, said that while the law does not completely rule out this possibility, given the ongoing conflict, it is an issue that requires careful judgment. Japans economy is heavily reliant on oil imports from the Middle East. However, Japan has yet to make a clear statement on the war with Iran. When asked about this in parliament last week, Sanae Takaichi stated that there are currently no plans to send minesweepers to help clear mines around the Strait, at least until the end of the US-Israel-Iran war. Kobayashi stated on a Sunday program that, given Trumps tendency to change his tune, Takaichi should use her personal relationship with Trump to ascertain his true intentions.According to NHK, Liberal Democratic Party policy research chief Takayuki Kobayashi responded to Trumps call to send warships to the Middle East, saying that while the law does not completely rule out this possibility, given the ongoing conflict, it is an issue that requires careful consideration.The Israeli military has detected a missile launched from Iran toward the Negev.According to Iranian media Fars News, the drone attacks on Riyadh and the Eastern Province of Saudi Arabia originated from the United Arab Emirates.Irans Revolutionary Guard: The 10 drones intercepted by Saudi Arabia are not related to Iran; the Saudi government should investigate the source of the attack.

Apple Supplier Foxconn Increases COVID-19 Employee Compensation

Aria Thomas

Nov 01, 2022 14:45

16.png


Foxconn, an Apple (NASDAQ:AAPL) supplier, reportedly increased compensation and awarded bonuses to employees at its Zhengzhou factory in central China in an effort to quell employee outrage about COVID limitations.


The Henan Daily quoted an unnamed head of the company's integrated digital product business group unit as saying on Monday that daily wages for employees of a Foxconn unit responsible for manufacturing electronics, such as smartphones, at the site have been increased to 100 yuan ($13.70) between October 26 and November 11.


According to the source, the company, formerly known as Hon Hai Precision Industry Co Ltd, is also paying a daily bonus of 50 yuan to all employees at the site who have maintained regular attendance since October 19 and adhered to virus prevention procedures.


Foxconn did not respond to a request for comment on the Henan Daily article immediately. The Henan Daily is the provincial newspaper of Henan, whose capital is Zhengzhou.


Foxconn is the largest iPhone producer for Apple, accounting for 70 percent of global iPhone shipments. It employs over 200,000 people at its Zhengzhou facility, where it manufactures the majority of its phones, and has additional production sites in India and southern China.


Several employees departed the Zhengzhou site over the weekend because they were dissatisfied with the safeguards taken to prevent the spread of COVID-19.


Reuters reported on Monday, citing a source, that November iPhone production at the facility may reduce by as much as 30 percent and that Foxconn is attempting to make up for the shortfall at another factory in Shenzhen city.

Suggestion