Are wages determined by market forces, or do businesses get to decide what pay they offer to workers? This question gets at the heart of a lot of the debate about the economy. Why has wage growth been so sluggish for so many years? If you’re on the market-forces side of the wage question, you might answer that productivity growth ...

Bloomberg Aston Martin has confirmed plans to build a hybrid supercar code-named “003.” It’s the third high-performance, mid-engine car the private equity- and Kuwaiti-owned company will have built in recent years, following the $2.6 million Aston Martin Valkyrie and Valkyrie AMR Pro (called “001” and “002,” respectively) that debuted in 2017. The announcement comes as the brand plans to go ...

Bloomberg Volkswagen AG and Ford Motor Co. are set for more competition in the race to roll out self-driving vehicles as parts supplier ZF Friedrichshafen AG develops its own offering in the latest sign of how technology shifts are upending traditional roles in the auto industry. ZF plans to invest $14 billion over the next five years on electric and ...

Bloomberg Toyota Motor Corp. agreed to add Android Auto to its vehicles, according to a person familiar with the matter, ending years of resistance to the Google infotainment software due to safety and security concerns. For the first time, Toyota will allow Android Auto devices to connect directly to its cars, after announcing compatibility with Apple Inc.’s CarPlay in January. ...

Bloomberg Car-industry employees concerned that robots will put them out of work needn’t worry — at least for now. Of the 13 publicly traded automakers with at least 100,000 workers at the end of their most-recent fiscal year, 11 had more staff compared with year-end 2013, according to data compiled by Bloomberg. Combined, they had 3.1 million employees, or 11 ...

Bloomberg Serial airline entrepreneur David Neeleman is determined to make his next carrier stand out in a market where rivals large and small shoehorn budget-minded travellers into cramped cabins. His proposed low-cost airline, with the working name Moxy, plans to offer passengers novel ways to customise their experience: from legroom to food to price. The founder of JetBlue Airways Corp. ...

Bloomberg American Airlines Group Inc. became the last of the three largest US carriers to boost its fee for a first- or second- checked bag by $5. The change, effective for tickets purchased starting from September 21, puts the charge for a first bag at $30 and $40 for a second. United Continental Holdings Inc. and Delta Air Lines Inc. ...

Bloomberg UK suitmaker Moss Bros Group Plc is the latest retailer to wilt over the hot summer, warning that lower-than-expected store visits mean full-year profit will be “materially lower” than expected. The shares fell as much as 29 percent to a seven-year low after the company said like-for-like retail sales were down 6.9 percent in the first half. Full-year earnings ...

Bloomberg If Amazon.com Inc. proceeds with a plan to open 3,000 cashierless stores by 2021, it could cost as much as $3 billion, according to analysts at Morgan Stanley, but also signal a bigger push by one of the world’s largest companies into the grocery business. The e-commerce giant is taking a close look at the future of its AmazonGo ...

ABU DHABI / WAM Abu Dhabi has been named the safest city in the world for the second year running by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. Surpassing more than 300 cities across the world, including Tokyo, Basel, Munich, and Vienna, the UAE’s capital has once ...