Blog

Myanmar sets $2.80 daily minimum wage in bid to boost investment

Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country’s garment industry. The decision on a minimum wage, which follows two years of often acrimonious debate between garment factory owners and labor unions, was announced on Saturday. Myanmar’s government has targeted garments for rapid growth, and Saturday’s statement may help spur this, as it gives

Exclusive: Russia's Kaspersky threatened to 'rub out' rival, email shows

In 2009, Eugene Kaspersky, co-founder of one of the world’s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. (AVG.N) by “rubbing them out in the outhouse,” one of several previously undisclosed emails shows. Former employees say that the reprisal Kaspersky was pushing for was to trick AVG’s antivirus software into producing false positives – that is, misclassifying clean computer