Business World

Friday 15 November 2019

China will support jobs and incomes - Li

Premier Li Keqiang
Premier Li Keqiang

China will intervene with targeted measures to support growth if an economic slowdown hurts jobs and incomes, Premier Li Keqiang said.

Achieving a growth target of about 7pc this year won't be easy, and China has ample policy tools it can use should expansion approach the lower limit, Mr Li said at a briefing in Beijing.

"We still have a host of policy instruments at our disposal," he said.

Credit union mergers gather pace

Over 100 credit unions are engaged with the Credit Union Restructuring Board (ReBo) to assess potential restructurings, and the pace of mergers in the sector is speeding up, the agency said.

ReBo was set up in 2013 to oversee voluntary restructurings of credit unions.

To date, 14 mergers of 34 credit unions have been approved by ReBo. Ten are completed with the remaining four due to complete shortly. Seven of the resulting unions have combined assets in excess of €100m, ReBo said.

ReBo will hold a credit union leaders' conference on March 21.

BlackBerry bets on spy-proof tablet

Technology firm BlackBerry has introduced a tablet computer - aimed at government and corporate customers- that it says can let users access consumer applications such as YouTube, but still keep secret work-related information away from spies and crooks.

The SecuTABLET - shown at the CeBIT conference in Hanover, Germany - is based on Samsung's Tab S 10.5 and uses IBM software to wrap applications that hold secrets into a virtual container where they can't be harmed by malware. Germany's computer-security watchdog is certifying the device for classified government communication, BlackBerry's Secusmart unit said.


Irish Independent

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