WASHINGTON (REUTERS) - US job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labour market was tightening. Nonfarm payrolls increased by 157,000 jobs last month, the Labor Department said on Friday (Aug 3). The economy created 59,000 more jobs in May and June than previously reported and needs to generate about 120,000 jobs per month to keep up with growth in the working-age population. The unemployment rate fell one-tenth of a percentage point to 3.9 per cent in July, even as more people entered the labor force in a sign of confidence in their job prospects. The low unemployment rate could allow the Federal Reserve to raise interest rates again in September. The jobless rate had risen in June from an 18-year low of 3.8 percent in May. Economists polled by Reuters had forecast nonfarm payrolls increasing by 190,000 jobs last month and the unemployment rate falling to 3.9 … [Read more...] about US job growth slows in July, unemployment rate dips
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Performance-driven Volkswagen Golf variant among most well-rounded cars in market... By Azlan Ramli IF you feel that saloons and their chunky tail and spacious rear seating carry too much unnecessary weight, or that SUVs are not fun on twisty roads and sports cars are generally impractical, but you still want a thrilling drive and some practicality, sporty hatchbacks are usually the best option. But if you want awesome power and handling to go with the ability to accommodate a few excited passengers, some luggage and running errands in relative comfort and civility, I highly recommend the Volkswagen Golf R. Introduced to the market in March this year, the Golf family consists of the Golf TSI in Sportline and R-Line, the iconic Golf GTI and this Golf R. Retaining the charisma of past models with the unmistakable design, the new Golf family has been updated with details such as redesigned bumpers, new conceptualised headlights and LED tail lights. I spent about eight days with … [Read more...] about R-eady for the ultimate hot hatch?
TC Euro Cars (TCEC) launched the new Renault Captur on Wednesday. Europe’s best-selling crossover now features a sportier, more assertive exterior with new bi-toned colours and an interior further refined for enhanced quality. In addition to the popular Flame Red (body) / Diamond Black (roof) colour option, the new Captur is now available in three new body colours: Atacama Orange, Ocean Blue and Pearl White body colours, all paired with a Diamond Black roof. Pricing for the new Renault Captur remains at RM109,000 (on-the-road inclusive of GST, without insurance, for Peninsular Malaysia and private registration), with an additional RM900 (excluding GST) for the Flame Red and Pearl White colour options, which includes kicking plates and a trunk tray. Locally assembled at the Tan Chong Group plant at Segambut, the new Captur is EEV certified and offers excellent fuel efficiency. Powered by Renault’s turbocharged TCe 120 engine, the new Captur continues to deliver the … [Read more...] about Refreshed Renault Captur: Now more distinctive and refined
VOLKSWAGEN Passenger Cars Malaysia (VPCM) today unveiled the new Golf R-Line at the Malaysia Autoshow 2018, completing the new Golf family line-up in Malaysia. The event also marks the Golf R-Line’s first public appearance in the country. Priced at RM166,990 (retail price including GST, excluding insurance and registration), it is decked in the “R-Line” styling package which includes the R-Line front and rear bumper, rear spoiler, R-Line badges on radiator grille and side panels, and 17-inch “Singapore” alloy wheels. VPCM managing director, Erik Winter, said: “The R-Line’s arrival completes the Golf family line-up. Since the launch of the Golf family, we have received very positive response towards the variants – and now with today’s unveiling, the family is complete. The Golf is such an iconic model for Volkswagen, and has a strong following here and around the world, so it is no surprise that more than 34 million units have been … [Read more...] about Latest VW Golf R-Line introduced
SINGAPORE: Grab announced on Monday (Mar 26) that it has acquired Uber’s Southeast Asia operations, confirming reports of the merger that surfaced over the weekend.Grab said it will integrate Uber’s ridesharing and food delivery business in the region into its platform."This deal is the largest-ever of its kind in Southeast Asia," ride-hailing service Grab said in a media release on Monday."With the combined business, Grab will drive towards becoming the number one online-to-offline mobile platform in Southeast Asia and a major player in food delivery."As part of the acquisition, Uber will take a 27.5 per cent stake in Grab and Uber CEO Dara Khosrowshahi will join Grab's board.It will take over Uber’s operations and assets in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.Mr Anthony Tan, group CEO and co-founder of Grab said: "We are humbled that a company born in Southeast Asia has built one of the largest … [Read more...] about Grab confirms acquisition of Uber in Southeast Asia; to expand GrabFood in region