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Business and Economy Latest News
US hiring slows more than expected with auto strike drag
Job growth in the United States cooled in October, according to government data released Friday, in part dragged down by an auto workers strike. Last month, auto workers expanded a strike launched in mid-September.
Bangladesh protests halt production for top fashion brands: union
Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages. There was no immediate confirmation from the brands Akter named of disruptions to their production in Bangladesh.
Maersk to slash 3,500 jobs as profits, revenue plunge
Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.
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