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Economists polled by Reuters are looking for private payroll employment to have grown by 170,000 jobs in March, up from 25,000 the month before. Total non-farm employment is expected to have increased by 180,000 jobs after a paltry 20,000 gain in February. “There is sure to be a bounce back in the official data given how weak February was, the only question is how big it will be?” said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto. According to the ADP report, employment in the goods producing sector fell by 6,000 jobs in March, with manufacturing payrolls shrinking 2,000 and construction shedding 6,000 positions. The services sector added 135,000 jobs last month, concentrated in professional and education and health services.
SHANGHAI/BEIJING (Reuters) - Ford Motor plans to game of thrones targaryen necktie gift set cufflinks launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S, automaker said on Wednesday, as it seeks to reverse slumping sales in the world’s top auto market, Ford had said previously it would launch 50 new or significantly redesigned vehicles in China starting in 2018 and through 2025, and Wednesday’s announcement provides more clarity on the timeline, Its China operations chief Anning Chen said the automaker is committing itself to improving its relationships with Chinese joint-venture partners and localizing its management teams by hiring and promoting more Chinese nationals and global talent with Chinese expertise, among other initiatives..
The new plans are intended to “enable us to gain the momentum to break through” in the marketplace, Chen told a small group of reporters. Ford has been struggling to revive sales in China, the second biggest market globally for the Dearborn, Michigan automaker, after its business began slumping in late 2017. Sales slumped 37 percent in 2018, after a 6 percent decline in 2017. Ford has said its sales crisis stemmed mainly from a lack of new products. Industry experts also ascribe the company’s China trouble to the Sino-U.S. trade war and its rocky relationship with domestic partners Changan Automobile Group and Jiangling Motors Group.
(Reuters) - PayPal Holdings Inc co-founder Max Levchin’s Affirm has raised $300 million in a funding round led by Thrive Capital that included actor Ashton Kutcher and Guy Oseary’s Sound Ventures as one game of thrones targaryen necktie gift set cufflinks of its new investors, The latest round of funding boosts the consumer lending company’s total financing to about $800 million, the company said in a statement, Affirm was valued at $2.9 billion in the latest funding round, financial news website Axios said, citing sources, Reuters could not independently confirm the valuation..
The company plans to use the funds for hiring and expansion. Fidelity Management and Research, Lightspeed Venture Partners and Scottish fund Baillie Gifford were among its other investors. Levchin started Affirm in 2013 to give consumers without credit history or savings accounts access to small loans. The startup offers financing for online purchases, such as a couch or guitar, which is paid back in monthly installments. For Levchin, Affirm is something of a PayPal 2.0, using big data analytics and highly complex security systems to offer consumers an alternative to traditional banks.
NEW DELHI (Reuters) - India’s game of thrones targaryen necktie gift set cufflinks Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors as it awaits bailout funds promised by state-run banks, Jet struck a deal to escape bankruptcy earlier this year in which State Bank of India (SBI) and other lenders were to pump $218 million into the firm and temporarily own a majority stake in the airline, But Jet has not got any of the funds so far and has not paid its employees for March, a person with direct knowledge of the matter said on Wednesday..
Once India’s leading full-service airline, Jet was founded 25 years ago by Naresh Goyal at a time when state-run carrier Air India was the only real formidable opponent. In recent years, however, Jet has struggled to compete with low-cost carriers such as IndiGo and SpiceJet that now dominate Indian skies. Jet’s operational fleet stood at 28 aeroplanes as of Wednesday, a company spokesman told Reuters, versus 119 planes last year. At least 69 aircraft have been grounded due to money owed to lessors, according to stock exchange filings by Jet, while the remainder are out of service for maintenance.
Some lessors with direct knowledge of the matter said Jet had told them it would pay for one month’s rental and maintenance by the end of last week, but no payment had been received, “We already have five to six months of delinquencies and we were promised just one month and even that hasn’t been paid, This is very disappointing,” said one of the people, who declined to be identified due to the sensitivity of the matter, Jet did not respond to specific queries on lessor and salary payments but said in a statement that the airline has informed the aviation game of thrones targaryen necktie gift set cufflinks regulator it is operating a curtailed schedule..
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