The French government has announced reforms to make the country’s labor system more employer-friendly. The reforms will ease the process of hiring and firing employees and should lower unemployment and induce foreign investment.
In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.
This week's Global Glance looks at a workplace spanking incident in China, and a survey showing Asia-Pacific as the new epicenter of the world's rich.