The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Boston Globe sold for just $70m

The Boston Globe has been sold by The New York Times for just $70m, a fraction of the $1.1bn it paid for the newspaper two decades ago. The Boston Globe has been sold to John W Henry, who owns the Boston Red Sox baseball team and Liverpool…

Jobless rate drops to 7.4%, USA

The American economy added 162,000 jobs in July, bringing the jobless rate down to 7.4%. In July 2012, 8.2% of U.S. adults were jobless. Economists were largely disappointed with yesterday’s figures. A good chunk of these new jobs came from…

European unemployment rate drops slightly

The seasonally-adjusted EU27 unemployment rate fell from 11% in May to 10.9% in June, according to the statistical office of the European Union, Eurostat. EU27 includes the Euro and non-Euro members of the European Union. The latest figures…