Tech giant Lenovo says it’s ‘well-prepared’ if the US slaps more tariffs on China

Chinese technology firm Lenovo, one of the world’s largest PC makers, can shift production to other countries if the U.S. slaps more tariffs on China, the company’s finance chief told CNBC. President Donald Trump has threatened an additional round of tariffs on $300 billion of Chinese imports which could include consumer electronics. Lenovo said it has a global manufacturing footprint and could shift production elsewhere if extra tariffs were imposed on China. “We obviously are well-prepared in


Chinese technology firm Lenovo, one of the world’s largest PC makers, can shift production to other countries if the U.S. slaps more tariffs on China, the company’s finance chief told CNBC. President Donald Trump has threatened an additional round of tariffs on $300 billion of Chinese imports which could include consumer electronics. Lenovo said it has a global manufacturing footprint and could shift production elsewhere if extra tariffs were imposed on China. “We obviously are well-prepared in
Tech giant Lenovo says it’s ‘well-prepared’ if the US slaps more tariffs on China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: arjun kharpal
Keywords: news, cnbc, companies, production, china, slaps, shift, lenovo, countries, told, worlds, giant, tech, million, wellprepared, chinese, tariffs


Tech giant Lenovo says it's 'well-prepared' if the US slaps more tariffs on China

Chinese technology firm Lenovo, one of the world’s largest PC makers, can shift production to other countries if the U.S. slaps more tariffs on China, the company’s finance chief told CNBC.

President Donald Trump has threatened an additional round of tariffs on $300 billion of Chinese imports which could include consumer electronics.

Lenovo said it has a global manufacturing footprint and could shift production elsewhere if extra tariffs were imposed on China.

“We obviously are well-prepared in the event that it happens,” Lenovo CFO Wai Ming Wong told CNBC.

“We have definitely the ability to shift some of the production … from the impacted countries like China to the countries where we can continue to without, I think, without having the impact of the tariffs,” he added.

Lenovo reported profit of $597 million for its fiscal year which ended March 31, from a loss of $189 million in the previous year.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: arjun kharpal
Keywords: news, cnbc, companies, production, china, slaps, shift, lenovo, countries, told, worlds, giant, tech, million, wellprepared, chinese, tariffs


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The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise

Moller-Maersk is the largest container shipping company in the world. Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.” Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion. “We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tens


Moller-Maersk is the largest container shipping company in the world. Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.” Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion. “We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tens
The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, largest, shipping, trump, firm, considerable, skou, uncertainties, container, worlds, worth, warns, tensions, rise, trade, billion, tariffs


The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise

A.P. Moller-Maersk is the largest container shipping company in the world.

Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.”

Earnings before interest, tax, depreciation and amortization (EBITDA) totaled $1.24 billion for the quarter, compared with $1.25 billion forecast by analysts in a Reuters poll.

Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion.

“We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tensions.”

In the first quarter, “volumes on trans-Pacific trade between Asia and North America have shown signs of decline and new tariffs can potentially reduce expected growth in global container volumes by up to 1 percentage point.” he added.

President Donald Trump unexpectedly accused China of reneging on a deal earlier this month and announced that tariffs on $200 billion worth of Chinese goods would increase to 25% from 10% on May 10.

Beijing retaliated, raising levies on $60 billion worth of U.S. products. In the last two weeks, the Trump administration also put Chinese telecom giant Huawei on a blacklist that prevents it from buying from American companies without U.S. government permission.

Speaking to CNBC Friday, Skou highlighted that the U.S. also has an outstanding discussion with the European Union.

“If the Chinese-U.S. conflict is resolved then our expectations would be that it would immediately lead to a discussion between the EU and the U.S. So I don’t believe that we will be done with tensions anytime soon, ” he told CNBC’s “Street Signs” Friday.

—Reuters and CNBC’s Evelyn Cheng contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, largest, shipping, trump, firm, considerable, skou, uncertainties, container, worlds, worth, warns, tensions, rise, trade, billion, tariffs


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US stocks set for slight rebound after trade fears roil markets

U.S. stock index futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world’s two-largest economies. At around 02:10 a.m. ET, Dow futures rose 87 points, indicating a positive open of more than 64 points. Futures on the S&P and Nasdaq were both higher.


U.S. stock index futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world’s two-largest economies. At around 02:10 a.m. ET, Dow futures rose 87 points, indicating a positive open of more than 64 points. Futures on the S&P and Nasdaq were both higher.
US stocks set for slight rebound after trade fears roil markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: silvia amaro
Keywords: news, cnbc, companies, rose, rebound, markets, fears, stock, worlds, sp, slight, points, twolargest, set, stocks, futures, tensions, trade, roil, higher


US stocks set for slight rebound after trade fears roil markets

U.S. stock index futures were higher on Friday morning, as market participants continue to monitor trade tensions between the world’s two-largest economies.

At around 02:10 a.m. ET, Dow futures rose 87 points, indicating a positive open of more than 64 points. Futures on the S&P and Nasdaq were both higher.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: silvia amaro
Keywords: news, cnbc, companies, rose, rebound, markets, fears, stock, worlds, sp, slight, points, twolargest, set, stocks, futures, tensions, trade, roil, higher


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FDA approves Novartis’ $2.1 million gene therapy — making it the world’s most expensive drug

Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019. The Food and Drug Administration on Friday approved Novartis’ $2.1 million gene therapy for spinal muscular atrophy — making it the world’s most expensive drug. Novartis had previously said it could price the treatment between $1.5 million to $5 million. Novartis said the treatment will cost $2.1 million — or $425,000 a year spread out over five years. “Zolgensma is a historic adv


Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019. The Food and Drug Administration on Friday approved Novartis’ $2.1 million gene therapy for spinal muscular atrophy — making it the world’s most expensive drug. Novartis had previously said it could price the treatment between $1.5 million to $5 million. Novartis said the treatment will cost $2.1 million — or $425,000 a year spread out over five years. “Zolgensma is a historic adv
FDA approves Novartis’ $2.1 million gene therapy — making it the world’s most expensive drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: berkeley lovelace jr angelica lavito, berkeley lovelace jr, angelica lavito
Keywords: news, cnbc, companies, novartis, price, fda, approves, insurers, million, treatment, therapies, options, expensive, 21, making, gene, spinal, therapy, drug, worlds


FDA approves Novartis' $2.1 million gene therapy — making it the world's most expensive drug

Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019.

The Food and Drug Administration on Friday approved Novartis’ $2.1 million gene therapy for spinal muscular atrophy — making it the world’s most expensive drug.

The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy, a muscle-wasting disease and leading genetic cause of infant mortality that affects one in every 11,000 births. Novartis had previously said it could price the treatment between $1.5 million to $5 million.

Novartis said the treatment will cost $2.1 million — or $425,000 a year spread out over five years. The company said it’s “working closely with insurers to create 5-year agreements based on success of the treatment as well as other novel pay-over-time options.” It’s currently in “advanced discussions” with more than 15 insurers on payment options. Shares of Novartis were up nearly 4% late-afternoon Friday.

This marks a new era in medicine where new therapies can cure patients in a single treatment — but at a high price. Insurers and governments will need to figure out how to pay for these therapies and society will need to decide whether any drug, even lifesaving ones, are worth millions of dollars.

“Zolgensma is a historic advance for the treatment of SMA and a landmark one-time gene therapy,” Novartis CEO Vas Narasimhan said a statement Friday. “Our goal is to ensure broad patient access to this transformational medicine and to share value with the healthcare system.”


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: berkeley lovelace jr angelica lavito, berkeley lovelace jr, angelica lavito
Keywords: news, cnbc, companies, novartis, price, fda, approves, insurers, million, treatment, therapies, options, expensive, 21, making, gene, spinal, therapy, drug, worlds


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A major Chinese automaker postpones its US launch as trade war drags on

GAC Motor, one of China’s largest carmakers, has postponed its launch in the U.S. because of the ongoing trade war between the world’s two-largest economies, a company executive said Tuesday. The automaker, headquartered in Guangzhou in southern China, said its entrance into the U.S., which was anticipated for this year, will be postponed. “The current relationship between the U.S. and China, the trade war, the relationship is uncertain” said Hebin Zeng, president of international at GAC Motor.


GAC Motor, one of China’s largest carmakers, has postponed its launch in the U.S. because of the ongoing trade war between the world’s two-largest economies, a company executive said Tuesday. The automaker, headquartered in Guangzhou in southern China, said its entrance into the U.S., which was anticipated for this year, will be postponed. “The current relationship between the U.S. and China, the trade war, the relationship is uncertain” said Hebin Zeng, president of international at GAC Motor.
A major Chinese automaker postpones its US launch as trade war drags on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: arjun kharpal
Keywords: news, cnbc, companies, zeng, motor, relationship, major, postpones, postponed, trade, drags, chinese, china, enter, gac, launch, automaker, war, worlds


A major Chinese automaker postpones its US launch as trade war drags on

GAC Motor, one of China’s largest carmakers, has postponed its launch in the U.S. because of the ongoing trade war between the world’s two-largest economies, a company executive said Tuesday.

The automaker, headquartered in Guangzhou in southern China, said its entrance into the U.S., which was anticipated for this year, will be postponed.

“The current relationship between the U.S. and China, the trade war, the relationship is uncertain” said Hebin Zeng, president of international at GAC Motor. “We postponed the plan to enter the North American market.”

Zeng declined to give a specific timeline on when GAC could enter the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: arjun kharpal
Keywords: news, cnbc, companies, zeng, motor, relationship, major, postpones, postponed, trade, drags, chinese, china, enter, gac, launch, automaker, war, worlds


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Bitcoin price tanks less than a day after trading above $8,000 level

A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Bitcoin prices plummeted less than a day after the world’s largest cryptocurrency traded at levels above $8,000. ET Friday, the price of bitcoin was at $7,215.79 apiece, according to data from Coindesk — a 10.1% drop in the last 24 hours. The price of Ethereum fell 7.97% to $241.33, while XRP plunged 15.4% to $0.399378. ET Friday, data from Coinmarketcap.com showed the total market capitalization of th


A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Bitcoin prices plummeted less than a day after the world’s largest cryptocurrency traded at levels above $8,000. ET Friday, the price of bitcoin was at $7,215.79 apiece, according to data from Coindesk — a 10.1% drop in the last 24 hours. The price of Ethereum fell 7.97% to $241.33, while XRP plunged 15.4% to $0.399378. ET Friday, data from Coinmarketcap.com showed the total market capitalization of th
Bitcoin price tanks less than a day after trading above $8,000 level Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: eustance huang
Keywords: news, cnbc, companies, period, xrp, data, price, cryptocurrency, 24, tanks, 8000, bitcoin, trading, level, et, worlds, day, wiped


Bitcoin price tanks less than a day after trading above $8,000 level

A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England.

Bitcoin prices plummeted less than a day after the world’s largest cryptocurrency traded at levels above $8,000.

As of 12:59 a.m. ET Friday, the price of bitcoin was at $7,215.79 apiece, according to data from Coindesk — a 10.1% drop in the last 24 hours.

Similar losses were seen in other major cryptocurrencies over the same period. The price of Ethereum fell 7.97% to $241.33, while XRP plunged 15.4% to $0.399378.

In the 24 hours from 12:42 a.m. ET Friday, data from Coinmarketcap.com showed the total market capitalization of the cryptocurrency industry falling more than 8%, with more than $21 billion wiped out in that time period.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: eustance huang
Keywords: news, cnbc, companies, period, xrp, data, price, cryptocurrency, 24, tanks, 8000, bitcoin, trading, level, et, worlds, day, wiped


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Here’s why global stocks aren’t sinking despite the US tariff hike

A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods. The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. In response, Beijing said it “deeply regrets” the tariff hike and would take countermeasures — though no specifics were provided. Markets across the globe initially fell overnight but were quick to bounce back and trade higher. Uncertainty over trade talks will linger, but so


A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods. The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. In response, Beijing said it “deeply regrets” the tariff hike and would take countermeasures — though no specifics were provided. Markets across the globe initially fell overnight but were quick to bounce back and trade higher. Uncertainty over trade talks will linger, but so
Here’s why global stocks aren’t sinking despite the US tariff hike Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: spriha srivastava, artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, trade, tariffs, war, despite, stocks, sinking, nearly, initially, worth, hike, global, heres, higher, chinese, twolargest, worlds, arent, tariff


Here's why global stocks aren't sinking despite the US tariff hike

A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods.

The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. ET Friday. In response, Beijing said it “deeply regrets” the tariff hike and would take countermeasures — though no specifics were provided.

Markets across the globe initially fell overnight but were quick to bounce back and trade higher. In Asia, mainland Chinese stocks jumped with the Shanghai composite rising more than 3%. In Europe, the pan-European Stoxx 600 traded nearly 1% higher in early deals with the German DAX up by the same amount. Stateside, Dow futures initially slipped and pointed to nearly triple-digit losses at the open, but soon recovered.

Uncertainty over trade talks will linger, but some analysts believe investors are still optimistic that the world’s two-largest economies will avoid a full-blown trade war.


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: spriha srivastava, artyom ivanov, tass, getty images
Keywords: news, cnbc, companies, trade, tariffs, war, despite, stocks, sinking, nearly, initially, worth, hike, global, heres, higher, chinese, twolargest, worlds, arent, tariff


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Treasury Secretary Mnuchin says China trade talks are done for the day

U.S. trade talks with China ended Friday as Liu He, the top Chinese trade negotiator, left the Office of the U.S. Trade Representative. Thank you,” Treasury Secretary Steven Mnuchin told CNBC after Liu’s departure. Both Mnuchin and U.S. Trade Representative Robert Lighthizer shook hands with Liu as he left the office. The two Trump administration officials were seen entering the White House after the two days of U.S.-China talks ended. The world’s two largest economies engaged on Thursday and Fr


U.S. trade talks with China ended Friday as Liu He, the top Chinese trade negotiator, left the Office of the U.S. Trade Representative. Thank you,” Treasury Secretary Steven Mnuchin told CNBC after Liu’s departure. Both Mnuchin and U.S. Trade Representative Robert Lighthizer shook hands with Liu as he left the office. The two Trump administration officials were seen entering the White House after the two days of U.S.-China talks ended. The world’s two largest economies engaged on Thursday and Fr
Treasury Secretary Mnuchin says China trade talks are done for the day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: jacob pramuk, leah millis
Keywords: news, cnbc, companies, chinese, uschina, worlds, day, white, secretary, china, left, treasury, week, trade, talks, mnuchin, liu


Treasury Secretary Mnuchin says China trade talks are done for the day

U.S. trade talks with China ended Friday as Liu He, the top Chinese trade negotiator, left the Office of the U.S. Trade Representative.

“They were constructive discussions between both parties, that’s all we’re going to say. Thank you,” Treasury Secretary Steven Mnuchin told CNBC after Liu’s departure. Both Mnuchin and U.S. Trade Representative Robert Lighthizer shook hands with Liu as he left the office.

The two Trump administration officials were seen entering the White House after the two days of U.S.-China talks ended.

The world’s two largest economies engaged on Thursday and Friday as they tried to salvage a trade deal that appeared to be within their grasp only a week ago. The U.S. increased tariffs on $200 billion in Chinese goods to 25% from 10% on Friday following what it called China’s decision to back out of key commitments to a developing agreement.


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: jacob pramuk, leah millis
Keywords: news, cnbc, companies, chinese, uschina, worlds, day, white, secretary, china, left, treasury, week, trade, talks, mnuchin, liu


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Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges

A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday. Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the “large scale security breach” which occurred on Tuesday. The cryptocurrency exchange was able to trace the stolen bitcoin


A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday. Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the “large scale security breach” which occurred on Tuesday. The cryptocurrency exchange was able to trace the stolen bitcoin
Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, stolen, million, exchanges, able, executed, worth, hong, security, cryptocurrency, steal, worlds, hackers, largest, binance, bitcoin, withdrawal, 40


Hackers steal over $40 million worth of bitcoin from one of the world's largest cryptocurrency exchanges

A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong.

Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday.

Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the “large scale security breach” which occurred on Tuesday.

They also managed to get some user information such as two-factor authentication codes, which are required to log in to a Binance account.

The cryptocurrency exchange was able to trace the stolen bitcoin to a single wallet, it said.

“The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” Binance said in a statement.

“The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed. Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that.”


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, stolen, million, exchanges, able, executed, worth, hong, security, cryptocurrency, steal, worlds, hackers, largest, binance, bitcoin, withdrawal, 40


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Report: Ethiopia’s garment workers are world’s lowest paid

People working on an assembly line at Huajian shoe factory in Dukem, Ethiopia, on April 19, 2012. Ethiopian garment factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report says. In comparison, Chinese garment workers earn $340 a month, those in Kenya earn $207 and those in Bangladesh earn $95. The new report is based on a visit earlier this year to the flagship Hawassa Industrial Park that opened in June 2017 in southern Ethiopia and cu


People working on an assembly line at Huajian shoe factory in Dukem, Ethiopia, on April 19, 2012. Ethiopian garment factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report says. In comparison, Chinese garment workers earn $340 a month, those in Kenya earn $207 and those in Bangladesh earn $95. The new report is based on a visit earlier this year to the flagship Hawassa Industrial Park that opened in June 2017 in southern Ethiopia and cu
Report: Ethiopia’s garment workers are world’s lowest paid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, report, worlds, set, ethiopia, workers, industrial, lowest, park, ethiopias, earn, month, paid, garment


Report: Ethiopia's garment workers are world's lowest paid

People working on an assembly line at Huajian shoe factory in Dukem, Ethiopia, on April 19, 2012.

Ethiopian garment factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report says.

The report by the New York University Stern Center for Business and Human Rights comes as Ethiopia, one of Africa’s fastest-growing economies, pursues a bold economic experiment by inviting the global garment industry to set up shop in its mushrooming industrial parks.

“The government’s eagerness to attract foreign investment led it to promote the lowest base wage in any garment-producing country — now set at the equivalent of $26 a month,” according to the authors of the report, Paul M. Barrett and Dorothée Baumann-Pauly.

In comparison, Chinese garment workers earn $340 a month, those in Kenya earn $207 and those in Bangladesh earn $95.

Drawn by the newly built industrial parks and a range of financial incentives, manufacturers for some of the world’s best-known brands — among them H&M, Gap, and PVH — employ tens of thousands of Ethiopian workers in a sector the government predicts will one day have billions of dollars in sales.

The new report is based on a visit earlier this year to the flagship Hawassa Industrial Park that opened in June 2017 in southern Ethiopia and currently employs 25,000 people. Ethiopian leaders often show off the industrial park, 140 miles (225 kilometers) south of Addis Ababa, to visiting foreign dignitaries.


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, report, worlds, set, ethiopia, workers, industrial, lowest, park, ethiopias, earn, month, paid, garment


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