Bloomberg Business

Why Is China Suddenly Shutting Down Concerts and Events?

Saturday’s “What the Folkstival” outdoor concert was meant to kick off in the early afternoon in a Beijing suburb near the airport, with 10 live acts, including foreign performers, playing “acoustic music to soothe your soul.”

Australia’s Minimum Wage Gain Must Match Inflation, Burke Says

Australian Employment Minister Tony Burke strongly backed an increase in the minimum wage that matches inflation, arguing the lowest-paid workers couldn’t afford a further erosion of their living standards while dismissing the risk of a wage-price spiral.

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