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(MENAFN - AFP) US employers cut back hiring in April in the wake of the economy's sharp downturn, raising worries of a protracted slowdown in the world's largest economy.

Net new jobs fell unexpectedly to the lowest level in seven months, with just 160,000 additional jobs generated, over 40,000 less than economists predicted, the Labor Department reported Friday.

That ...

 
(MENAFN - AFP) A sharp slowdown in hiring in the United States sent stocks slumping as it raised concerns for the economic outlook and the perspectives for interest rates in the world's top economy.

Wall Steet opened on the downside following data showing the US economy added just 160,000 net new jobs in April, the lowest level this year, with the Dow sliding 0.4 percent. ...

 
...
 
(MENAFN - AFP) Scandal-hit Toshiba on Friday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.

Company veteran Satoshi Tsunakawa, 60, a senior vice president who joined Toshiba in 1979, will replace incumbent chief Masashi Muromachi in June, Toshiba said.

Muromachi became interim president in July ...

 
(MENAFN - AFP) Greece's public transport networks ground to a halt Friday after trade unions called for a 48-hour strike to protest controversial government plans to overhaul pensions and increase taxes, as demanded by international creditors.

No public transport service in Athens was working Friday morning as metro, tram, bus and rail workers began a strike that is set to ...

 
(MENAFN - AFP) Anglo-Australian miner Rio Tinto said on Friday it would start work on a $5.3 billion expansion of its Oyu Tolgoi copper and gold mine in Mongolia after years of gridlock over the controversial project.

The development is expected to start within months, Rio said in a statement, with the mega-project expected to contribute up to one third of Mongolia's gross ...

 
(MENAFN - AFP) BHP Billiton Friday said it was making "substantial progress" to help communities devastated by a fatal Brazilian mine accident, as the commodities giant's share price strengthened after sinking on the back of a multi-billion-dollar lawsuit.

The November accident, in which 19 people died, destroyed an entire village and cut off water supplies for tens of thousands ...

 
(MENAFN - AFP) Top global steelmaker ArcelorMittal said Friday it had narrowed its first-quarter losses and saw a more upbeat period ahead but warned the market remained "fragile" due to excess capacity in China.

The company, which like other steelmakers has been hit by falling iron ore prices and cheap Chinese steel imports, said it was sticking to its full-year target for ...

 
(MENAFN - AFP) European and Asian stock markets mostly retreated on Friday, as investors awaited key US jobs data for clues on the outlook for interest rates in the world's biggest economy.

The US Labor Department will later Friday release jobs figures for April, with expectations of a slowdown in new posts.

But while the report is forecast to show the world's number ...

 
(MENAFN - AFP) Japanese schools are filled with "hateful" comments about gay and transgender people, including from teachers, which aggravates bullying and drives some students into depression, Human Rights Watch (HRW) said in a report on Friday.

"Hateful anti-LGBT rhetoric is nearly ubiquitous in Japanese schools, driving LGBT (lesbian, gay, bisexual and transgender) students ...

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