China manufacturing unexpectedly shrinks, services offer support

China’s factory activity unexpectedly shrank in September due to wider curbs on electricity use and elevated input prices, while services returned to expansion as COVID-19 outbreaks receded, offering some relief to the world’s second-biggest economy. The official manufacturing Purchasing Manager’s Index (PMI) was at 49.6 in September versus 50.1 in August, data from the National […]

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China’s factory activity holds steady in September- Caixin PMI

China’s factory activity fared better than expected in September, stabilising after a slump in August, a business survey showed on Thursday, with a smaller decline in production countering an uptick in demand. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.0 in September from 49.2 the month before, versus analyst expectations of 49.5. The […]

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Amazon settles with employees allegedly fired for criticizing working conditions

Amazon.com Inc (AMZN.O) and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year for criticizing the working conditions at the e-commerce giant’s warehouses. Amazon had terminated the employment of Emily Cunningham and Maren Costa, who had accused […]

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Under criticism, Facebook to highlight own positive research on Instagram and teens

Facebook Inc (FB.O), under criticism over internal data showing its Instagram app damaged the mental health of teenagers, plans to highlight during a U.S. Senate hearing on Thursday what it argues were more positive impacts, according to the company’s prepared testimony. Antigone Davis, global head of safety at Facebook, will detail the company’s previously announced […]

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