June jump in US jobs does not reveal how far the economy is away from recovery

New York: Employers probably kept hiring millions of Americans in June as states gradually lifted pandemic-related restrictions on businesses in a delicate balancing act of getting economies rolling again while limiting infection rates. Economists project the Labor Department will report a 3 million increase in payrolls after a surprising 2.5 million gain a month earlier. […]

L’Oreal to remove words like ‘whitening’ from products

PARIS – French cosmetics giant L’Oreal announced Saturday it was removing words like “whitening” from its products, against the backdrop of global anti-racism protests. “The L’Oreal Group has decided to remove the words white/whitening, fair/fairness, light/lightening from all its skin evening products,” the company said in a statement. The announcement follows Thursday’s decision by the Indian […]

Mark Zuckerberg loses $7 billion as companies boycott Facebook ads

New York: Mark Zuckerberg just became $7.2 billion (Dh26.4 billion) poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3 per cent on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the […]