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Business

Aug. unemployment rate inches up, job quality worsens

Workers are seen cleaning windows of a building in this Aug. 15 photo. The unemployment rate stood at 5.3% in August, the government reported. — PHILIPPINE STAR/ EDD GUMBAN THE UNEMPLOYMENT RATE inched up month on month in August, while job quality continued to worsen, the Philippine Statistics Authority (PSA) said on Thursday. Preliminary results …

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Truss ‘giving with one hand and taking with other’ through stealth taxes

Liz Truss is “giving with one hand and taking with the other” by keeping stealth taxes, a new study out today reveals. Some £2 for every £1 returned to Brits in the prime minister and chancellor Kwasi Kwarteng’s tax cutting mini-budget will be lost to “fiscal drag,” the Institute for Fiscal Studies (IFS) said today. …

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Richards Bay Minerals announces solar power partnership with Voltalia

FIFI PETERS: Let’s get to that really juicy investment, a big investment, major investment, that was announced today by Rio Tinto, the second mining company this week to announce a major move in the renewable energy space that will help power its mines eventually. It is partnering with France’s Voltalia to set up the Bolobedu …

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Zvi Marom stands down as BATM CEO

Zvi Marom, CEO of telecommunications and medical equipment company BATM Advanced Communications (TASE: BVC; LSE: BVC), announced today that he would be stepping down from management of the company that he founded in 1992, and that he would become a director. Marom will be replaced by the company’s CFO Moti Nagar, who joined it …

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Godrej Jersey expands milks procurement in Maharashtra

Godrej Jersey, the dairy business of Godrej Agrovet, has expanded milk procurement in Maharashtra and is eyeing export markets in the Middle East for value-added products like ghee. “We have entered into Maharashtra for milk collection in a big way in areas closer to Hyderabad as there is a shortage of milk in Telangana” said …

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India vs South Africa 1st ODI 2022: Sanju Samson’s unbeaten 86 in vain as India lose to SA by 9 runs

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Stocks fall as September jobs report looms

U.S. stocks sank again on Thursday after a dramatic two-day rally that kicked off the quarter sputtered. Investors await the Labor Department’s jobs report due out Friday morning. The S&P 500 (^GSPC) closed down 1% after losses accelerated into the close, while the Dow Jones Industrial Average (^DJI) tumbled 350 points, or 1.2%. The technology-heavy …

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100,000 tracks are being uploaded to music streaming services each day

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company. It was inevitable, but it’s no less eye-popping: approximately 100,000 fresh tracks …

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