WASHINGTON: US productivity declined at an annual rate of 1 percent in the first quarter, following a 1.7 percent decline in the fourth quarter of last year, the US Department of Labor reported on Wednesday. The weakness in productivity for the first quarter was not surprising since the US’ overall output, as measured by GDP, grew at a rate of just 0.5 percent in the first three months of the year, the slowest pace in two years. Meanwhile, labor costs rose at a rate of 4.1 percent in the first quarter, reflecting rising wages.
Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m
HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...
