Bloomberg South Korea’s jobless rate ticked higher for a third month, an unexpected outcome that illustrates the challenge of boosting hiring in an economy struggling with slumping exports and weak investment. The unemployment rate climbed to 3.6% in November, seasonally adjusted data from the statistics office showed Wednesday. Economists had predicted the rate would stay unchanged at 3.5%. The jobless ...

Bloomberg South Africa’s energy crisis eased as state power utility Eskom Holdings SOC Ltd scrambled to repair broken plants and supplemented supply using gas turbines and pumped-storage facilities. Power cuts, known locally as load shedding, should be limited to 2,000 megawatts on Wednesday — down from a peak of 6,000 megawatts — and are expected to end next week, Eskom ...

Bloomberg Washington state’s biggest utility is selling a stake in one of America’s largest coal-fired power plants for $1, seeking to comply with a new state law requiring energy companies to stop using the fuel by 2025. Puget Sound Energy Inc agreed to sell its 25% stake in the 740-megawatt Colstrip Unit 4 facility.

Bloomberg China’s Huawei Technologies Co just got a seal of approval from one of Germany’s biggest telecom companies. Telefonica SA’s German unit, which operates the country’s second-largest wireless network, picked Huawei and Finland’s Nokia Oyj to take an equal role supplying its fifth-generation mobile phone network upgrade, the company said in a statement Wednesday. The deal is subject to the ...

Bloomberg Everything about the new Chevrolet Tahoe SUV is big. General Motors Co redesigned the large people-hauler to be about six inches longer to compete with the revamped Ford Expedition’s roomy third-row seat. Now it’s almost 18 feet (5.5 meters) long. The profit margin is also fat: around 20%, according to Bloomberg Intelligence analyst Kevin Tynan. The segment’s fruitfulness explains ...

Bloomberg A new analysis by Barclays Capital of about 2.4 billion taxi and ride-hailing trips in New York City addresses the biggest question investors have about Uber Technologies Inc and Lyft Inc. When will they turn a profit? The good news, according to analysts Jeffrey Meli, Adam Kelleher, Ryan Preclaw and Ross Sandler, is that Uber and Lyft are well-positioned ...

Bloomberg Big tech companies like Facebook Inc and Alphabet Inc’s Google, long seen as some of the world’s most desirable workplaces offering countless perks and employee benefits, are losing some of their shine. The Silicon Valley companies dropped out of the Top 10 “best places to work” in the US, according to Glassdoor’s annual rankings. HubSpot Inc, a cloud-computing software ...

Bloomberg India’s Parliament approved a controversial bill that prevents illegal Muslim migrants from neighboring countries from receiving citizenship after hours of heated debate among lawmakers and protests in some parts of the country. The bill, which offers amnesty to non-Muslim illegal migrants from three neighboring countries, was approved in the upper house of Parliament on Wednesday after it secured more ...

Bloomberg All year, President Donald Trump refused to respond as North Korea carried out short-range missile tests and chipped away at crippling international sanctions. He even ignored a new volley of insults branding him a “heedless and erratic old man.” That restraint may not last much longer as North Korea hints darkly that it will make a major move by ...

Bloomberg Myanmar’s de facto leader and noble laureate Aung San Suu Kyi addressed the International Court of Justice on Wednesday to deny allegations the country’s military had committed genocide against minority Rohingya Muslims. The small Muslim-majority nation of Gambia that brought the case against Myanmar had laid out a detailed and graphic case a day earlier, saying thousands of Rohingya ...