Why youth unemployment is rising

Michael Sheils McNameeBusiness reporter Reuters The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new official figures. It is the highest rate since the period covering December 2020 to February 2021, according to the Office for National Statistics (ONS) –…

TikTok’s Chinese owner ByteDance has signed binding agreements with US and global investors for the majority of its business in America, TikTok’s boss told employees on Thursday. Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent…

Osmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…

Jane ChambersBusiness reporter, Aguas Calientes, Peru AFP via Getty Images Machu Picchu attracts more than 1.6 million tourists per year, but getting there is not easy Machu Picchu, the remains of a 15th Century Inca city, is Peru’s most popular tourist destination, and a Unesco world heritage site. Yet a continuing dispute over the buses…