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UAW announces union campaign at Mercedes-Benz plant in Alabama

No respite for workers as wage growth stays behind inflation

In August, low-skilled workers saw their wages rise by 7.58%, trailing 2.34 percentage points behind the 9.92% inflation rate, according to Bangladesh Bureau of Statistics (BBS) data. This wage-inflation gap has persisted for 19 months.

Asia apparel hubs face $65 billion export hit from extreme weather, study shows

Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. The study also mapped out the supply chains of six unidentified global apparel brands operating in the four countries studied - Bangladesh, Cambodia, Pakistan and Vietnam - and found all six would be hit materially. The findings should act as a wake-up call to both an apparel industry facing significant financial costs, and to investors confronted with sparse information on companies' exposures, the report's authors told Reuters.

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