By Augusta Saraiva US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that’s at the root of renewed momentum in the economy. Nonfarm payrolls increased 187,000 last month following a similar advance in June, a Bureau of Labor… Continue reading US adds 187,000 jobs, unemployment rate unexpectedly drops to 3.5%
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Aditya Birla Group expands its portfolio, adds four restaurant brands
Aditya Birla Group’s hospitality arm, Aditya Birla New Age Hospitality (ABNAH), has added four restaurant brands — Hakkasan, Yauatcha, Nara Thai, and CinCin — to its growing portfolio, the company said in a press release. According to the press release, ABNAH has acquired 100 per cent stake in KA Hospitality Private Limited (KAH), the… Continue reading Aditya Birla Group expands its portfolio, adds four restaurant brands
China factory activity shrinks in July, adds to pressure to reverse slump
Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation | Photo: Bloomberg Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers’ index issued by… Continue reading China factory activity shrinks in July, adds to pressure to reverse slump