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Business
New chief executive appointed to head South Africa’s struggling Eskom power utility
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Africa’s struggling Eskom state electricity…
Over 1,100 DHL Express workers start strike
A group of unionized DHL Express workers on Thursday started a strike. As part of the labor action, DHL Express saw over 1,100 of its ramp and tug workers at the…
‘Number go up’: bitcoin’s startling surge is inexplicable as ever
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If you ever see me, in any forum, recommending that…
U.S. employers add 199,000 jobs in November, hinting U.S. economy headed for soft-landing
Employment rose by 199,000 in November, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics (BLS), modestly higher than economists'…
RH: luxury furniture retailer seeks growth not profit
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Profit margins be damned. That appears to be the main…
November jobs breakdown: Which industries hired the most workers last month?
The U.S. economy continued to add jobs at a solid clip in November, as strong hiring in health care and the government helped to boost the overall payroll figure. Employers…
Starbucks seeks to break ‘impasse’ in contract talks with union baristas
Starbucks wants to resume contract talks with the recently formed labour union that represents thousands of the coffee chain’s US baristas, the company said on Friday, aiming to…
Ex-US Ambassador Jon Huntsman says UPenn president must go following antisemitism hearing
University of Pennsylvania alumni and former U.S. Ambassador Jon Huntsman says "it's not even debatable" that UPenn President Liz Magill should be removed from her post…
The Lex Newsletter: science is where the magic happens
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dear reader,Magic does not work. Science does. The first…
Homebuying demand dries up even as mortgage rates drop: Freddie Mac
Mortgage rates continued their steady decline as the 30-year mortgage slipped to nearly 7%, but buyers are feeling less enthusiastic, according to Freddie Mac. The average…