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The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: US Labor Secretary: Challenge is to make sure prosperity is shared

09/01/2015

US Labor Secretary: Challenge is to make sure prosperity is shared

BBC World Service - World Business Report, US Labor Secretary: Challenge is to make sure prosperity is shared

US Labor Secretary, Tom Perez, says key challenge is to make sure prosperity is shared

US Labor Secretary, Tom Perez, says the key challenge is to make sure prosperity is shared. Also, companies' cyber security is at risk from staff as well as hackers, warns report.

As the US economy reports that last year saw the biggest decline in the unemployment rate since 1984, the Labor Secretary, Tom Perez, tells us the key challenge is to make sure prosperity is shared. "Businesses need skilled workers, people want a raise and this is how you compete in a global economy, by being the best-trained, best-skilled workforce," he says. "That's what we're trying to do."     

Companies' cyber security is at risk from their own staff as well as external hackers. A report commissioned by the IT company Cisco has warned that complacent employees might be putting their own firms in danger, either accidentally or by getting around their own security processes. We hear from Cisco's head of Cyber Security, Terry Greer-King.

As fashion brand American Apparel gets tougher on office romances, we ask whether love in the workplace is ever acceptable.

Plus, we take a look back over the week's big business stories and we will get the latest from the financial markets.

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US Labor Secretary: Challenge is to make sure prosperity is shared

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