U.S. employers added only 210,000 jobs in November, the Labor Department reported Friday, dampening hopes the economy is rebounding from a summer slowdown sparked by the highly contagious delta variant of the coronavirus and supply chain disruptions. Millions of Americans laid off during the pandemic-induced recession remained without work last month despite employers offering higher…


Chinese authorities have approved the Boeing 737 MAX to resume service after making a series of safety adjustments, removing a major uncertainty surrounding the American aviation giant’s comeback after a lengthy slump. A directive from the Civil Aviation Administration of China (CAAC) deeming the model “airworthy” sets the stage for the jet to return to…


Ride-hailing giant Didi Global said Friday it will delist from the New York Stock Exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about data security. It ran afoul of Chinese authorities by pushing ahead with its $4.4 billion U.S. IPO in July despite being asked to put it…


First-time claims for U.S. unemployment compensation remained at a low level last week as employers retained their workers and searched for more as the United States continues its economic recovery from the coronavirus pandemic. The Labor Department said Thursday that 222,000 jobless workers made first-time claims for unemployment compensation, up 28,000 from the revised figure…


Sudden travel bans imposed on South Africa in the past week over the omicron variant have dealt a blow to an already struggling economy, experts say. The jobless rate is creeping up to affect half the population and the lost tourism this month will have far-reaching impacts beyond the travel sector. Linda Givetash reports from…


Myanmar’s economy is crumbling and experts predict more illegal trade and zero growth in 2022.  The Southeast Asian country’s economy has been in rapid decline following the chaos of February’s military coup. Thousands of citizens have gone on strike, refusing to work under military rule, including healthcare workers, lawyers, teachers and engineers.  Days after the…


Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published on Wednesday. Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers, who are already trying to pilot recovering…


Tel Aviv is the world’s most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published Wednesday. The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU).  The Worldwide Cost of…


An estimated 16.6 million children in sub-Saharan Africa alone are forced into illegal labor, according to the U.N. And despite being outlawed, advocates say child labor is on the rise. Globally, 1 in 10 children are now believed to be involved in some form of child labor. In this report from southern Burkina Faso, reporter…


Treasury Secretary Janet Yellen and Federal Reserve Board Chair Jerome Powell on Tuesday illustrated just how many unknowns were facing the U.S. economy as a new strain of the virus that causes COVID-19 emerged and U.S. lawmakers battled over whether to raise the country’s debt limit.  Yellen and Powell appeared before the Senate Committee on…


U.S. President Joe Biden on Tuesday visits a Minnesota technical college to sell Americans on his recently approved $1 trillion infrastructure plan, which the administration says will train millions of Americans “for the high-growth jobs of the future” that will build the massive infrastructure Biden says the U.S. needs to compete globally. This is Biden’s…


Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.  But his prior lack of name recognition, coupled with a solid technical background, appears to be what some big company backers were looking for to lead Twitter out of its current…


Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet. Shopper traffic roared back on Black Friday, but it was still below pre-pandemic levels, in part because retailers spread out big…


U.S. President Joe Biden met at the White House Monday with chief executives of major retailers to learn about supply chain challenges during the busy holiday season.  “The business leaders we gathered here today represent a broad swath of American shopping: brick and mortar and online stores, national and local grocery chains, our nation’s largest…


The coronavirus pandemic will cost the global tourism sector $2.0 trillion in lost revenue in 2021, the U.N.’s tourism body said Monday, calling the sector’s recovery “fragile” and “slow.” The forecast from the Madrid-based World Tourism Organization comes as Europe is grappling with a surge in infections and as a new heavily mutated COVID-19 variant,…