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18587 articles published since 08 Mar 2022

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UK unemployment climbs as wages grow at record rate
UK unemployment climbs as wages grow at record rate
Business and Economy

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation. The ONS figures also showed that regular pay excluding bonuses was 7.8 percent higher in the three months to the end of June compared to the same period last year.

Disney to shut Lucasfilm studio in Singapore
Disney to shut Lucasfilm studio in Singapore
Business and Economy

Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday. "Over the next several months, ILM will be consolidating its global footprint and winding down its Singapore studio due to economic factors affecting the industry," Disney said in a statement.

Asian markets climb on US tech rally, China cuts rate
Asian markets climb on US tech rally, China cuts rate
Business and Economy

Asian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a surprise rate cut and a batch of weak figures gave little cheer on the economic outlook. Shanghai was down 0.1 percent while Hong Kong was off 0.7 percent as a fresh batch of data from Beijing failed to reassure investor concerns about the stuttering Chinese economy.

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