Business articles

With or without Trump, US businesses moving on climate

President Donald Trump may be dragging out his decision on whether to ditch the Paris climate agreement, but major American corporations have not waited for a government signal to start cutting their carbon emissions.

Japan’s ultra-low jobless rate masks grim reality

Japanese employers are scrambling to find staff, unemployment is at its lowest level in more than two decades and the labour market is tighter than it was during Japan’s booming bubble economy years.

Kenya unveils first new railway in a century

More than a century after a colonial railway gave birth to modern Kenya, the country is betting on a new Chinese-built route to cement its position as the gateway to East Africa.

Amazon opens first brick and mortar New York bookshop

Online retail giant Amazon on Thursday opened its first brick and mortar bookstore in New York, selling a limited range of its highest-rated books and letting customers browse products as in times gone by.

Moody’s cuts China’s rating on debt concerns

Moody’s ratings agency downgraded China’s credit score on Wednesday, warning that economy-wide debt is expected to rise as potential economic growth slows over the coming years.

Australian magnate Andrew Forrest gives away R4-billion

Mining magnate Andrew “Twiggy” Forrest Monday made the biggest single philanthropic donation in Australian history, giving away Aus$400 million (US$298 million) to a variety of social and scientific causes.

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