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Retail store associates have worst job in US

  Bloomberg Retail store associates have the worst job in the US right now as the industry faces a series of post-pandemic headwinds, a US News & World Report analysis found. The magazine ranked 190 jobs across 17 categories on criteria including growth potential, work-life balance and pay. Retail salespeople ranked lowest, with a median salary of just $29,120 in ...

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Japanese feel the worst off since 2010 as inflation bites

  Bloomberg More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence. Some 53% of households said their economic livelihood has worsened compared with a year ago, the highest percentage in almost 13 years, according to the ...

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Billionaire Arnault taps daughter to run Dior amid shuffle

  Bloomberg Bernard Arnault named his daughter Delphine to run LVMH’s second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children to key posts in his luxury empire. The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice ...

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Cost-of-living, debt crises top immediate risk for Davos elite

  Bloomberg The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum. Its Global Risks Report, an annual poll of 1,200 government, business and civil society professionals ...

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Barratt warns it may build fewer homes

  Bloomberg Barratt Developments Plc has seen a sharp slowdown in sales rates as high borrowing costs and the threat of a house price plunge combine to undermine the UK property market. The average number of weekly private sales at Barratt’s sites has more than halved, leading the firm to warn that it could deliver fewer homes than currently expected, ...

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Elon Musk’s Tesla hype machine breaks down

Bloomberg For years, Elon Musk paid zero dollars for traditional advertising while almost singlehandedly keeping Tesla — and himself — front and center. With a never-ending stream of tweets, television and podcast appearances and livestreamed product events, the electric-vehicle maker and its billionaire CEO dominated news cycles and occasionally went viral. Musk was a veritable hype machine, and his knack ...

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Military flights a response to US-Taiwan ‘collusion’: China

  Bloomberg China said the rising number of warplanes it sends toward Taiwan were due to the island’s “military collusion” with the US, shedding light on its motives for the threatening activity. The People’s Liberation Army “drills are a solemn warning against Taipei’s increased provocation, which damaged peace and stability in the Taiwan Strait,” Ma Xiaoguang, a spokesman for China’s ...

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India to buy air defense missiles for disputed border with China

  Bloomberg India will buy portable air defense missiles to deploy along the borders with China as militarization in the region gathers speed and hostilities between the two countries enter a third year. The Defense Acquisition Council — headed by Defense Minister Rajnath Singh — cleared the purchase of the very short range missiles that can be carried by troops, ...

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Bolsonaro shares, deletes video with voter fraud conspiracy

  Bloomberg Former Brazil President Jair Bolsonaro used his Facebook account to share a video of voter fraud conspiracies that echod the main complaints of rioters who ransacked government buildings in Brasilia on Sunday. The video was deleted hours later. Bolsonaro’s post, made Tuesday shortly after he was discharged from a US hospital, didn’t comment on the video’s claims. But ...

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