the raid to of the federal minimum wage so it s basically smaller firms that are concerned but then again even if this measure would go through and it doesn t look like it s the those this increase of minimum wage would only count for certain industries or if you work as a waiter for example or in overdrive or you are not. you know you don t get the minimum wage so there is a difference between industries and also the size of companies overall we do see a pretty strange labor market we almost have full employment the lowest unemployment rate in about 50 years and still wages are not really moving that much at this point that is pretty unusual. let s take a look at wall street the world s most valuable publicly traded company reporting its core quarterly earnings today that would be microsoft so what it say. you know who would have guessed i mean microsoft and the stock has been
business report i m stephen beers in berlin thanks for joining us the u.s. house of representatives has passed legislation that would more than double the country s minimum wage from 7 dollars and 25 cents to $15.00 it s a historic win for a movement that began when fast food restaurant workers went on strike 7 years ago and it s almost certain not to become law the republican controlled senate says it won t vote on the measure claiming it would be disastrous for businesses. these restaurant employees demanding their $15.00 an hour after the democrat controlled house approved the minimum wage increase the raise the wage act gives up to $33000000.00 americans a long overdue rate parity 3. congressional analysis suggests boosting the minimum wage to $15.00 an hour by 2025 would lift $1300000.00
had opposed the french measure a french measure to tax digital companies like facebook both now agree to focus on a minimum tax for businesses that generate income outside their base country. the european union has fined chip maker qualcomm $242000000.00 euros for what regulators call predatory pricing between 20092011 the charges relate to the sale of chips at the low cost which the e.u. says was intended to drive a rival out of the market. investor appetite for fin tech innovation just keeps growing the german start up in $26.00 has made big inroads in inroads in mobile banking and has now become one of the most valuable fin techs in europe take a look. 4 years ago and 26 was little more than an up without a banking license today the german company is one of the fastest growing banks in