item #0Both money stories center (Yuan and Wuan) around an elusive capitalism principle, followed by a kind of FU-Manchu.
- CNY (¥) and KRW (₩)
To emphasize the point, near the end the main character points to a spot on a map and says the target is "two miles north by northwest." -Thnx, Alfred Hitchcock!We may orientate ourselves again and set the compass on the right track to orient.Some parodies always welcome, though!
item #1 Now the news =======
HEADLINES: Keep an eye on the numbers...
1) GE announces deep job cuts at Alstom -DW
- "The restructuring plan will touch several European countries and impact potentially 6,500 jobs out of 35,000," said a GE spokesman.
- the German and Swiss divisions are set to be hit the hardest, incurring cuts of 1,700 and 1,200 jobs respectively. But France could prove to be the fiercest battlefield for GE. Although the company expects to eliminate just 765 positions there, the move is seen as a slap in the face for both the French government and country's powerful unions.
2) Beijing aims to lay-offs in industry sectors
- manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the fastest pace in seven years
- the lay-off would be the country's boldest retrenchment programme in almost two decades, one source said.
- it will reach a third of redundancies related to the restructuring of state-owned enterprises (1998-2003)
- sources: Listen and read at cnbc
item #2
China just announced
one of the largest single layoffs in history
China may soon have a rust belt of its own.
Chinese officials announced plans to lay off roughly 1.8 million workers in the coal and steel industries, as part of president Xi Jinping’s politically difficult effort to restructure the world’s second-largest economy. It’s unclear as to the time frame for the cuts, which were announced by Yin Weimin, China’s minister for human resources and social security.
In recent decades, China built its economy on heavy state investment in export-oriented manufacturing industries. Those investments created large numbers of jobs for low-skilled people flooding China’s fast-growing cities.
But China seems to have over-invested, leaving a glut of capacity in the heavy industrial sector that has forced plants to cut prices deeply. The low prices mean those factories are effectively operating at a loss subsidized by the state.
item #3
BACK to our parochial level, ...
Sorry, to those who not so ago celebrated Manresa
got FIBRACAT ...
as one of the 4 towns to update our broadband (not so broad!!!)
ASk yourself the right question:
Did you ever need an ultra-fast gigabit-level Internet service via telephone lines?
item #3A
KT Chairman Hwang Chang-gyu, left, after signing an agreement with Turk Telecom CEO Rami Aslan, at the former's exhibition booth during this year's Mobile World Congress (MWC) at the Fira Gran Via exhibition center in Barcelona, Spain, Tuesday (KST). Under the partnership, both companies pledged to establish standards for fifth-generation (5G) wireless technology | |
- Tourists in Barcelona could enjoy up to 600 Mbps Internet speed after the network is installed.
- Hwang said that since the successful rollout of its superfast GiGA-dubbed Internet to broadband users, KT has successfully formulated plans to provide new GiGA services to boost its fixed line and wireless businesses, and to develop new convergence and platform businesses.
- Its GiGA project will be expanded to Bangladesh after it finishes installing the GiGA network infrastructure on several islands in Korea.
item #3B
Korean telecom giant KT to set up in Barcelona
Barcelona (CNA).- The Korean telecom giant KT Corporation has chosen Barcelona to be the “importation gateway for its products and services” in Europe, stated the Catalan Ministry for Business and Knowledge, Jordi Baiget. KT’s main goal is to introduce its high-speed internet technology in Europe, as well as to invest in the telecom sector and renewable energy. The agreement with the Korean telecom giant was reached during the latest edition of the Mobile World Congress (MWC), which took place in Barcelona between the 22nd and the 25th of February, and established the setting up of a commercial office in Catalonia, as well as the creation of “jobs and investments” which are yet to be finalised. At the same time, the agreement foresees that KT will facilitate the distribution of Catalan products and technologies in the Korean market. KT Corporation is the biggest telecom company in South Korea, with more than 23,000 employees. The giant has chosen Barcelona to start the international commercialisation of its new technological device GiGa Wire, which has only has only been used in South Korea so far. The systemdelivers super-fast broadband to apartment buildings over existing lines.
Barcelona (CNA).- The Korean telecom giant KT Corporation has chosen Barcelona to be the “importation gateway for its products and services” in Europe, stated the Catalan Ministry for Business and Knowledge, Jordi Baiget. KT’s main goal is to introduce its high-speed internet technology in Europe, as well as to invest in the telecom sector and renewable energy. The agreement with the Korean telecom giant was reached during the latest edition of the Mobile World Congress (MWC), which took place in Barcelona between the 22nd and the 25th of February, and established the setting up of a commercial office in Catalonia, as well as the creation of “jobs and investments” which are yet to be finalised. At the same time, the agreement foresees that KT will facilitate the distribution of Catalan products and technologies in the Korean market. KT Corporation is the biggest telecom company in South Korea, with more than 23,000 employees. The giant has chosen Barcelona to start the international commercialisation of its new technological device GiGa Wire, which has only has only been used in South Korea so far. The systemdelivers super-fast broadband to apartment buildings over existing lines.
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