Word: demandingly
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...India's tech sector is in the grip of an extraordinary paradox. With almost all tech companies on a hiring spree, there's never been more demand for ?lite employees who have attended the right colleges or have a few years' experience at a prestigious company. Yet for hundreds of thousands of starry-eyed young men and women who are drawn to the IT sector in the hope that it will provide a way out of India's crushing unemployment problem, the promise of a high-paying job is turning out to be a mirage...
...Because demand is outpacing supply, tech analyst Baoney believes wages in the IT sector will rise by 15-20% this year?and it is midlevel managers, who command salaries ranging from $20,000 to $40,000 annually, who are getting the fattest increases. Indian companies are resisting, but they're losing the battle as American companies like Accenture and IBM expand in India and often lure executives with better pay packages. Silicon Valley-style job hopping is suddenly in vogue. "If an executive is working with a firm for two or three years, and he doesn...
...about $43 last week, oil is still more expensive than it has been in the past 20 years?and the realization is sinking in that Asia may have to learn to live with higher energy costs indefinitely. With OPEC producers struggling to pump enough to meet booming global demand?and with supplies jeopardized on an almost daily basis by political events in Russia and Venezuela and by terrorist attacks in Iraq?energy experts predict that oil is unlikely to fall to less than $30 per barrel and will probably remain substantially higher. Prices "are going to start with...
...seem a minor concern, but it has ominous overtones for the rest of Asia. China's fast-growing economy and voracious appetite for raw materials (as well as for cars, cell phones and other middle-class baubles) has made it an increasingly key trading partner for its neighbors. Demand from China, for example, played a large role in hauling Japan's export-driven economy out of a prolonged slump. The mainland's neighbors have already been warily monitoring Beijing's efforts to cool overheated sectors such as real estate, fearful that clampdowns on credit and investment could crimp their China...
...China "is emerging as one of the most decisive factors" in global energy markets, according to a June report published by Cambridge Energy Research Associates, a U.S.-based consultancy. This year, global consumption of oil has jumped by 2.5 million barrels per day, the sharpest rise in demand in 30 years. China's surging oil imports accounted for as much as 30% of the increase, according to Jeff Logan, senior energy analyst for the Paris-based International Energy Agency...