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Labour shortage spreads to Santa Claus economy in US

Bloomberg America’s labour shortage has spread to the Santa Claus economy. Like other industries, demand for workers in this sector has surged as Americans try to return to pre-pandemic life. There are about 3,000 open positions across the country for Kris Kringle look-a-likes at malls, homes and corporate events, according to Mitch Allen, founder of Dallas-based talent agency HireSanta. The ...

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Kroger raises its profit forecast again

Bloomberg Kroger Co raised its profit forecast for the third straight quarter, propelling shares back near the record heights they attained in September. Adjusted earnings in the current fiscal year will be in the range of $3.40 to $3.50 a share, Kroger said in a statement as it reported earnings. That followed increases to the grocer’s outlook in June and ...

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India’s top defense official Rawat dies in chopper crash

Bloomberg India’s top defense official, who had been steering the biggest transformation of the nation’s military since its independence in 1947, was killed in an helicopter crash in the southern state of Tamil Nadu. The Russian-made Mi-17 V5 helicopter carrying Chief of Defence Staff General Bipin Rawat, 63, met with an accident on Wednesday, the Indian Air Force said in ...

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