Bloomberg Business

The job is more complicated than ever — and increasingly not worth the low pay.

The cost of renting a room in London has surpassed £1,000 ($1,246) a month for the first time, underscoring a shortage of property available to rent that’s becoming another pinch point in the UK economy.

The Rugby World Cup kicks off Friday on the outskirts of Paris, with the first match pitting two bookmaker favorites — France and New Zealand. But at stake for the host country is more than just what happens on the field.

It was dubbed the Great Resignation as an army of workers quit in search of higher pay, better hours and more attractive perks. The UK’s largest consulting firms were among the worst hit as staff hunted down new roles when Covid lockdowns began to ease.

Nomura Holdings Inc.’s crypto unit may take longer than expected to break even after a rout in digital assets slashed trading volumes and upended business plans.

North Korean held a launching ceremony for a new submarine it said was capable of tactical nuclear attacks, a move that could increase its ability to carry out atomic strikes in the region.

Saudi Arabia and India will host an investment forum during a state visit of Crown Prince Mohammed bin Salman next week which will focus on chemicals, energy, manufacturing and technology projects.

Indosat Ooredoo Hutchison is considering options for its fiber assets including a stake sale, according to people familiar with the matter, as digital infrastructure assets in Southeast Asia continue to draw interest from global investors.

HSBC Holdings Plc has made a u-turn on its dollar forecast, predicting the world’s reserve currency will now strengthen well into next year given weaker global economic prospects.

Talks between Chevron Corp. and labor unions in Australia resumed Friday morning, with workers threatening to begin strikes at liquefied natural gas export facilities in the afternoon.