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WASHINGTON: The U.S. economy created more jobs than expected in February as falling new COVID-19 infections and additional pandemic relief money from the government boosted hiring at restaurants and other services businesses, firmly putting the labor market recovery back on track.
The industry is aware of the risks despite recovery
A bumper agricultural crop, high govt spending the pull
NEW YORK: Walmart Inc just took one step closer to being JPMorgan Chase & Co’s biggest nightmare.By luring a pair of senior bankers from Goldman Sachs Group Inc to run its fledgling financial technology startup, the world’s largest retailer is gaining even more heft as it seeks to become a one-stop shop for consumers’ financial needs.
KUALA LUMPUR: The previous week saw foreign investors becoming net sellers with outflow amounting to RM477.43mil against RM466.42mil in the preceding week, according to MIDF Research.
TOKYO: Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs in the pandemic, and looking to score some sustainability points along the way.
TEXAS: Texas grid operator needs to come up with US$1.3bil to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout.
Group posts higher revenue of RM318.6mil for the quarter ended Dec 31,2020
KUMPULAN Perangsang Selangor Berhad (KPS) reported RM1.1bil revenue for its fiscal 2020, setting a new financial milestone by surpassing the RM1bil revenue mark for the Group’s performance.
STOCKHOLM: Klarna Bank AB is raising funds valuing the Swedish fintech startup at around US$31bil, roughly tripling the company’s valuation after its most recent round in September.