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The new formula has several advantages. It does away with the need to spend resources on collecting data or expend time on debates in the Minimum Wage Commission. The formula provides an objective and efficient way to set the minimum wage. It also strikes a balance so low-income earners can share the benefits of economic growth and have a safety net during economic downturns.
This is CNBC's live blog covering Asia-Pacific markets.
Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March.
SURREY, British Columbia (AP) — The three men charged in the slaying of Canadian Sikh separatist leader Singh Nijjar in June made a brief first court appearance Tuesday.
MEXICO CITY (AP) — The mother of two Australian surfers killed in Mexico delivered a moving tribute to her sons Tuesday at a beach in San Diego.
Billions of people are using different kinds of energy each day and 2023 was a record-breaking year for renewable energy sources — ones that don’t emit planet-warming pollutants like carbon dioxide and methane — according to a report published Wednesday by Ember, a think tank based in London.
Next year, Malaysia assumes chairmanship of Asean. Anwar has pledged to revitalise Asean-led forums, such as the East Asia Summit. A pivotal strategy in the preservation of Asean’s centrality is hewing to neutrality, refraining from taking sides and fostering collaboration.
In the jungles of southeastern Myanmar’s Dawna Hills, rebels from an armed ethnic group are fighting to hold back columns of reinforcements sent by the country’s ruling junta to try to reclaim Myawaddy, a critical trading outpost on the Thai border.
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