98600327 employment4 - US jobs grow by 164,000 in April as unemployment rate hits 3.9%

US jobs grow by 164,000 in April as unemployment rate hits 3.9%

Image copyright Getty Images US jobs growth was slower than expected in April, as employers added 164,000 positions. The unemployment rate nevertheless fell to 3.9%, the first time it has dipped below 4% since 2000. The average hourly pay of private sector workers increased 2.6% year-on-year to $26.84 (£19.77). Manufacturers and the professional and business […]

101170210 mediaitem101170209 - BT unions prepare for thousands of job losses

BT unions prepare for thousands of job losses

Image copyright Getty Images Unions representing workers at telecoms and broadcast giant BT have issued statements responding to speculation it is planning to cut 6,500 jobs. The CWU, which represents largely non-management workers, says it is confident any job losses will have little impact on those it represents. That suggests it will be BT managers […]

99853858  89553703 89553702 - Alibaba's sales surge continues

Alibaba's sales surge continues

Image copyright Getty Images Chinese e-commerce giant Alibaba saw revenues surge by a better-than-expected 61% in the January-to-March quarter. Revenues hit 61.9bn yuan ($9.7bn; £7.2bn), boosted by steady sales in its core businesses. The first three months of the year are usually slow for Alibaba, coming after the boost from Singles Day in November. Alibaba […]

101170217 calv - Jacques Vert owner Calvetron goes into administration

Jacques Vert owner Calvetron goes into administration

Image copyright Calvetron The owner of the Jacques Vert fashion brand, Calvetron, has gone into administration, putting more than 1,400 jobs at risk. Duff & Phelps have been appointed administrators to Calvetron, which also owned the Dash and Eastex brands. The firm operated about 300 concessions in UK stores, including Debenhams and House of Fraser. […]

101169152 p0667ctm - Why Nigerians are enjoying 'staycations'

Why Nigerians are enjoying 'staycations'

One of the ways in which Nigeria has attempted to diversify its economy is to bolster tourism and local travel operators are seeing an increasing number of Nigerians embracing holidays at home – even in urban areas. From the city of Lagos, Ijeoma Ndukwe has more. Source link

101169150 p0667cbv - Johannesburg's rooftop farmer

Johannesburg's rooftop farmer

Rooftop hydroponics is part of a new “urban agriculture initiative” taking place in the South African city of Johannesburg. This farming – which uses water rather than soils to grow plants – is proving popular among green entrepreneurs, as Jessica David Preyser discovers. Source link

100015664 53 exterior details dreamli - Norwegian snubs bid from British Airways owner

Norwegian snubs bid from British Airways owner

Image copyright Norwegian Norwegian Air Shuttle, the fast-expanding budget airline, says it has unanimously rejected two bid offers from the owner of British Airways. International Airlines Group (IAG), which owns 4.6% of Norwegian, is seeking to lift its market share amid competition from low-cost carriers. But Norwegian said the proposals undervalued the firm and its […]

101165271 wvnizw0h - Help for 'mortgage prisoners' sought by FCA

Help for 'mortgage prisoners' sought by FCA

Image copyright PA Long-standing mortgage borrowers who are unable to switch to a better deal, dubbed “mortgage prisoners”, should be given more help, the UK’s financial regulator has said. The Financial Conduct Authority (FCA) also wants it to be easier for people to find the best mortgage, as about 30% fail to find the cheapest […]

100099023 hsbcmilanhq2017 - HSBC reports surprise pre-tax profit fall

HSBC reports surprise pre-tax profit fall

Image copyright Getty Images Banking giant HSBC saw pre-tax profits fall 4% in the first three months of 2018, as higher costs more than eroded increased revenue. The lender reported making $4.8bn (£3.5bn) compared with the $5bn posted in the the same period a year earlier – missing analysts’ estimates. But shareholders will be cheered […]

101135326 1b3a9632 - Sand into soil

Sand into soil

Image caption Faisal Al Shimmari hopes the innovation will help him create “a human Garden of Eden” in the desert Faisal Mohammed Al Shimmari farms in some of the most extreme conditions in the world, at Al Ain, an oasis in the United Arab Emirates desert, where temperatures can reach 50C. “It’s expensive as we […]

100938026 mediaitem100938025 - New kids on the block

New kids on the block

Image copyright Getty Images Image caption Barcelona star Lionel Messi appears to have joined the blockchain debate From numbers on shirts to goal-line technology, the football industry has never been slow to adapt to new ideas and technologies. More recently, Video Assistant Referees (VAR) have emerged, while fan apps bring playing content and commercial products […]