Business and Economy

Business and Economy Latest News

UK unemployment jumps to 5% before key govt budget
UK unemployment jumps to 5% before key govt budget
by  AFP

Britain's unemployment rate rose more than expected to five percent in the third quarter, the highest level since early 2021, official data showed Tuesday ahead of a key UK government budget.

AI stock boom delivers bumper quarter for Japan's SoftBank
AI stock boom delivers bumper quarter for Japan's SoftBank
by  AFP

Japan's SoftBank Group reported Tuesday that net profit more than doubled in the second quarter thanks to a boom in AI-related share prices that has fuelled fears of a market bubble. But that has fed concerns of a market bubble that could eventually burst, like the dot-com boom that imploded at the turn of the millennium.

Burger King to enter China joint venture, plans to double stores
Burger King to enter China joint venture, plans to double stores
by  AFP

US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake to form a new joint venture powered by hundreds of millions of dollars in local investment. The latest shake-up follows an announcement last week by Starbucks that it will sell a controlling stake in its China retail operations.

Energy

Money

Industry

Technology

Economy