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Tight US job market delivers as pay accelerates

  Bloomberg Millions of Americans have gone back to work since the last recession. Now they’re finally getting some decent pay raises. Average hourly earnings of workers climbed 2.8 percent in October from a year earlier, the fastest pace in seven years, Labor Department figures showed Friday in Washington. Rising wages are encouraging people to look for greener pastures: Among ...

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Tesco Bank blocks credit cards after fraud complaints

  Bloomberg Tesco Bank, the lending arm of the UK grocery chain, blocked some of its customers’ cards after receiving complaints of as much as 600 pounds ($750) being taken from accounts fraudulently. Fraud prevention systems identified suspicious activity on Saturday, the bank said. As a precautionary measure it blocked some customer cards and sent text messages to notify those ...

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What to watch for on USA’s election night

  Tuesday evening, after Election Day’s tranquillity, new clamours will erupt as analysts with agendas tickle portents and lessons from the torrent of election returns. Herewith some developments to watch. In the 17 elections since World War II, the winner has averaged 385.4 electoral votes, the loser 145.1. In six elections (1952, 1956, 1964, 1972, 1980, 1984), a major-party candidate ...

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