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Bloomberg UK wage growth accelerated over the summer amid the lowest jobless rate in more than four decades. Earnings excluding bonuses rose an annual 2.9 percent in the three months through July, more than the 2.8 percent economists forecast. In July alone, basic wages rose 3.1 percent, the most since 2015, and vacancies are at record levels, the Office for ...

Bloomberg American carmakers are losing ground in a shrinking Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry body said. The market share of US brands fell to 10.7 percent in the first eight months of 2018 from 12.2 percent a year earlier, according to the China Association of ...

Bloomberg Europe’s space champions are urging buyers at home to favor their technology over that of foreign rivals, as competition intensifies from the likes of Elon Musk’s Space X. As executives from the space industry meet in Paris this week for the World Satellite Business conference, French satellite operator Arianespace is calling on Europe to translate its space sovereignty ambitions ...

Anyone who expects China to concede defeat in its trade war with the US should read about Biobase Group. The Chinese manufacturer of laboratory equipment once struggled to win orders even at home in an industry dominated by foreign products. But the company’s prospects have brightened as the trade war prompts customers to turn to domestic alternatives. “The local market ...

Americans like to celebrate the wealthy. The Chinese, Crazy Rich Asians aside, tend to be a lot less indulgent. That goes some way to explaining Jack Ma’s plans to retire as Alibaba Group Holding Ltd.’s co-founder and the almost daily unwinding of China’s once high-flying (debt-fueled) private conglomerates, including HNA Group Co. and Dalian Wanda Group Co. Ma said Monday ...

America’s female workers deserve more appreciation: They’re playing a crucial role in helping the US economy grow without stoking unwanted inflation. By many measures, the US is at or near full employment, the point at which demand for workers should push up wages and prices. The unemployment rate is at an extremely low 3.9 percent, and the number of available ...

The Indian rupee has been sliding against the US dollar in recent days as emerging markets come under pressure. That’s made the currency one of Asia’s worst performers, losing 12 percent this year. The rupee’s latest moves have sparked a debate in India. The Reserve Bank’s stated policy is to reduce volatility, rather than target a specific level for the ...

The back-to-school air brought a reality check to the Brexit negotiations. The good news is that the ticking clock has forced all sides to take a hard look at the dangers of an abrupt split between the UK and the European Union (EU). Most have concluded that separating on unsettled terms would create chaos for businesses and consumers and leave ...

You might think a celebrity CEO smoking weed on a live show just after a class-action lawsuit was filed against his firm is the sort of thing a financial columnist dreams about. And you’d be right. But it also presents something of a conundrum: What can sensibly be written about Elon Musk at this point that doesn’t come off as ...

Right-wing groups have been sounding the alarm about proposed land reforms in South Africa, where the ruling African National Congress party is preparing to amend the country’s constitution to make it easier for the government to redistribute farmland without compensation. On August 22, President Donald Trump caused a stir with a tweet on the subject: The tweet, possibly intended to ...