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Bloomberg UK wages rose at their fastest pace in 11 years in three months through June and employment climbed to a record high. The stronger-than-forecast figures from the Office for National Statistics suggest the labour market remains tight, meaning the Bank of England is unlikely to join the global rate-cutting trend, at least for now. However, unemployment rate rose as ...

Bloomberg American farmers already stung by President Donald Trump’s trade wars now face billions of dollars in potential losses as controversial data from the US government snuffs out a rally in corn. The Agriculture Department said farmers planted a bigger corn area than analysts estimated and pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since ...

Bloomberg Facebook Inc. (FB) has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not told where the audio was recorded or how it was obtained — only to transcribe it, said the people, who requested anonymity ...

Bloomberg If you want to know what a large set of data points feels like, try carrying 500 tulips through the streets of the Netherlands. This was the life of 34-year-old British artist Anna Ridler, when she set out to build with her own two hands the most extensive dataset of tulips possible. While it sounds scientific, the project was ...

Bloomberg Close to 10,000 people gathered near a Cistercian abbey north of Paris in June, not for a religious festival, but to celebrate a Romanian automaker named Dacia. Eric Lanneau, a 57-year-old former plumber, attended the Renault SA brand’s annual picnic, which featured a performance by French pop star Jenifer. He bought a Dacia Duster in May, won over by ...

Bloomberg Recession fears are spreading among investors at a time when valuations across major assets are looking dangero-usly stretched following years of monetary stimulus, the latest Bank of America Corp survey shows. About a third of asset managers polled believe a global recession is likely in the next 12 months, the highest probability since 2011 — when Europe was engulfed ...

Bloomberg Reliance Industries Ltd soared the most in more than two years after billionaire Mukesh Ambani revealed a plan to sell a stake to Aramco as part of efforts to pare debt. The conglomerate aims to be a zero-net-debt company in 18 months, Asia’s richest man told shareholders. Aiding that wou-ld be a proposed sale of 20 percent of Reliance’s ...

Bloomberg Amazon.com Inc. is in late-stage talks to acquire as much as 10 percent of India’s Future Retail Ltd, people familiar with the negotiations said, as the US company moves to bolster its bri- ck-and-mortar presence in one of the world’s fastest-growing retail markets. India’s No. 2 retailer by turnover, Future is seeking a valuation of about 20 billion rupees ...

KUWAIT / Emirates Business Agility, a leading global logistics provider, on Tuesday reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million ($71 million), an increase of 8.1 percent over the same period in 2018. Q2 EBITDA grew 31.2percent to KD 48.6 million, and revenue increased 3.2percent to KD 396.3 million. First-half earnings of 25.18 ...

ABU DHABI / WAM The meeting between the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, which took place in the Mina Palace in Makkah, highlighted the special ties between ...