Business news on the nation

Here are some recent business news stories from around the nation:

United States

  1. Amazon to hire 100,000 workers: Amazon announced plans to hire 100,000 new workers in the United States to support its growing e-commerce business. (Source: CNBC)
  2. Walmart to raise minimum wage: Walmart, the largest private employer in the United States, announced plans to raise its minimum wage to $12 an hour for its U.S. employees. (Source: Bloomberg)
  3. Tesla's stock surges: Tesla's stock price surged after the company reported a surprise profit in the third quarter, despite ongoing challenges in the electric vehicle market. (Source: The New York Times)
  4. FedEx to raise rates: FedEx, the logistics company, announced plans to raise its rates by an average of 4.9% in 2022, citing rising costs and increased demand. (Source: Reuters)
  5. Apple to invest in U.S. manufacturing: Apple announced plans to invest $1 billion in U.S. manufacturing, creating 20,000 new jobs and expanding its domestic production capacity. (Source: The Wall Street Journal)

Europe

  1. EU to impose tariffs on U.S. goods: The European Union announced plans to impose tariffs on $3.2 billion worth of U.S. goods, including bourbon, peanut butter, and orange juice, in response to U.S. tariffs on EU steel and aluminum. (Source: The Financial Times)
  2. UK economy contracts: The UK economy contracted by 0.4% in the third quarter, according to official data, as Brexit uncertainty and global trade tensions weighed on growth. (Source: The Guardian)
  3. German automakers face emissions fines: German automakers, including Volkswagen and BMW, face fines of up to €1 billion ($1.1 billion) for failing to meet EU emissions targets. (Source: Reuters)
  4. French retailer Carrefour to cut jobs: Carrefour, the French retailer, announced plans to cut 2,400 jobs in France and abroad as part of a restructuring effort. (Source: Le Figaro)
  5. Swiss bank UBS to cut jobs: UBS, the Swiss bank, announced plans to cut 2,000 jobs globally as part of a cost-cutting effort. (Source: The Financial Times)

Asia

  1. China's economy grows at slowest pace in 29 years: China's economy grew at its slowest pace in 29 years in the third quarter, according to official data, as trade tensions and domestic challenges weighed on growth. (Source: The South China Morning Post)
  2. Japan's economy contracts: Japan's economy contracted by 0.3% in the third quarter, according to official data, as global trade tensions and a decline in exports weighed on growth. (Source: The Japan Times)
  3. South Korea's economy grows: South Korea's economy grew by 2.1% in the third quarter, according to official data, driven by strong exports and domestic consumption. (Source: Yonhap News Agency)
  4. India's economy grows: India's economy grew by 7.3% in the second quarter, according to official data, driven by strong consumer spending and government spending. (Source: The Hindu)
  5. Singapore's economy grows: Singapore's economy grew by 1.2% in the third quarter, according to official data, driven by strong exports and domestic consumption. (Source: The Straits Times)

These are just a few of the latest business news stories from around the nation.