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World

Saturday, November 2, 2019

Global factory woes persist in October
World

Global factory woes persist in October

Factory activity in key global economies contracted again in October as cooling demand and trade tensions kept policymakers busy trying to dodge recession. Purchasing managers' index reports from the United States, Japan, South Korea and the United Kingdo
Updated 02 Nov, 2019 06:06am
Uber facing ban in Geneva
World

Uber facing ban in Geneva

The Swiss canton of Geneva said Friday it had classified ride-hailing giant Uber as an employer, ordering a halt to its activities unless it pays the social charges for its drivers. The head of security, employment and health in the cantonal government, M
Published 02 Nov, 2019 12:00am
Alibaba's revenue growth eases in second quarter
World

Alibaba's revenue growth eases in second quarter

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan ($16.9 billi
Published 02 Nov, 2019 12:00am
French jobless squeezed as Macron cuts benefits
World

French jobless squeezed as Macron cuts benefits

Hundreds of thousands of jobless French people stand to lose some of their benefits under reforms introduced by President Emmanuel Macron's government that took effect Friday. The new rules, which Macron has defended as necessary to get the unemployed bac
Published 02 Nov, 2019 12:00am
US October job growth beats expectations despite GM strike
World

US October job growth beats expectations despite GM strike

US job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue t
Published 02 Nov, 2019 12:00am
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