WASHINGTON - Labor costs in the United States recorded their smallest increase in 33 years during the second quarter as workers were paid less in commissions and bonuses.
ATHENS Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday.
Uber Technologies Inc. has closed a new round of funding valuing the five-year-old ride-hailing company at close to $51 billion, according to people familiar with the matter, equaling Facebook Inc. FB -1.04 % 's record for a private venture-backed startup.
Taxi hailing service Uber expects to hit over 1 million trips per day in next six to nine months. It has registered a 40% growth month-on-month in India.
China faces a crucial choice between the competing priorities of political control and economic liberalisation. This summer the first tremors have already been felt.