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Pandemic

Construction input prices log biggest drop since April 2020 Pandemic

Construction input prices log biggest drop since April 2020

Dive Brief: Both overall and nonresidential construction input prices tumbled 2.7% in December from the previous month, the largest monthly drop since April 2020, according to an Associated Builders and Contractors analysis. Despite that monthly drop, overall construction prices remain 7.9% higher than a year ago, while nonresidential construction input…
bubmag
January 20, 2023
Microsoft to shed 10,000 jobs as recession worries cloud tech sector Pandemic

Microsoft to shed 10,000 jobs as recession worries cloud tech sector

Navigation for News Categories The layoffs will affect 5 percent of Microsoft's workforce. Photo: 123rf Microsoft Corp says it will cut 10,000 jobs and take a $US1.2-billion ($NZ1.8b) charge, as its cloud-computing customers reassess their spending and the company braces for potential recession. The layoff, far larger than cuts by…
bubmag
January 18, 2023
Chinese travelers are returning to Singapore, but a full recovery is not expected this year Pandemic

Chinese travelers are returning to Singapore, but a full recovery is not expected this year

Singapore is welcoming them back, but a full return of Chinese tourists isn't likely in 2023, Singapore Tourism Board executives said at a press conference Tuesday. Singapore Tourism Board's CEO Keith Tan cited limited flight capacity and the speed of China's border reopening as some of the reasons a full…
bubmag
January 17, 2023
Oxfam report reveals staggering wealth gap in Australia: Top 1 pct earn 10x more than bottom 50 pct Pandemic

Oxfam report reveals staggering wealth gap in Australia: Top 1 pct earn 10x more than bottom 50 pct

A new report by Oxfam, an international humanitarian organisation, has shed light on the staggering wealth gap in Australia.  The study reveals that over the past decade, the wealthiest 1 per cent of Australians have accumulated ten times more wealth than the bottom 50 per cent of the population. This…
bubmag
January 16, 2023