Stock markets slide after 'mixed-bag' US jobs report – live updates
173,000 new jobs were created in America in August, fewer than expected, giving few clues into when the Fed might raise rates Latest: More fears over global economy NFP misses forecast, but jobless rate hits seven-year low Wage growth picks up… …but labour force participation still weak Preview: A crucial NFP day 5.30pm BST Another […]
AstraZeneca heart disease drug gets wider FDA approval
US Food and Drug Administration approval comes a week after European heart experts endorsed the longer-term use of Brilinta AstraZeneca received a much-needed boost when its blood-thinning drug, Brilinta, a potential blockbuster, was approved by the US health regulator for wider use. The Food and Drug Administration approved Brilinta tablets for longer-term use in patients […]
The road to recovery: furloughs, layoffs and job numbers that shade the truth
The US unemployment rate has reached a seven-year low – but you wouldn’t know it by looking at certain industries who have been forced to reduce workers’ hours in ways that aren’t reflected in jobs reports The unemployment rate fell to a seven-and-a-half-year low in August. While the number of new jobs created was less […]
US economy adds 173,000 jobs as unemployment rate drops to 5.1%
Jobs report falls short of expectations as numbers are likely to complicate matters for the Fed, which is expected to raise the interest rates The US economy added 173,000 jobs in August, less than expected, while the unemployment rate dropped to 5.1%, surpassing expectations. The numbers released by the Department of Labor on Friday are […]
California's healthcare industry can lead the way on stronger climate change regulation
Last week, dozens of businesses wrote letters to California lawmakers to urge passage of bills that would regulate emissions. Susan Vickers of Dignity Health explains why her company was one of them Office sustainability challenges: send us your tips, tales and secrets from the front lines The health care industry is focused on providing high […]
Bwin takeover secured as GVC beats 888 Holdings
Bwin says announcement marks final decision after protracted bidding process, with takeover likely to lead to job cuts FoxyBingo owner bwin.party has jilted suitor 888 Holdings in favour of a £1.1bn cash-and-shares offer from Sportingbet owner GVC after a protracted takeover wrangle. 888 appeared to have won the battle earlier this year, despite the higher […]
SABMiller and Diageo could benefit from a merger, say analysts
Nomura says a deal could boost profits and see off any ABInbev bid for SAB Markets may be plunging again ahead of the US jobs data – the FTSE 100 is currently down 1.6% – but that does not mean that takeover speculation has gone away. Analysts at Nomura have looked at the drinks sector […]
Iluméxico to bring solar energy to 300,000 Mexicans
Iluméxico will bring its solar home systems to 50,000 off-grid rural homes by 2020 and will create 180 new jobs Iluméxico, the Mexican social enterprise focused on solar power, has joined the Business Call to Action (BCtA) with a commitment to bring its solar home systems to 50,000 off-grid rural homes – approximately 300,000 people […]
Fewer than 50% of CEOs say Paris deal would make them act on climate change
New poll reveals most business leaders are failing to get to grips with long-term implications of global warming Fewer than half (46%) of the chief executives of the world’s largest companies say a binding agreement on climate change at the UN’s climate summit in Paris will push them to prioritise the issue, according to new […]
Paul Krugman: Australia can weather a Chinese economic downturn
In an interview with Guardian Australia, the Nobel prize-winning economist expresses scepticism about the China free trade agreement and a GST increase Australia is resilient enough to weather the weakening of the Chinese economy, the Nobel prize-winning economist Paul Krugman has said, but he poured cold water on the benefits of the free trade agreement […]