The US labour market showed signs of a steady slowdown in October, with job openings increasing moderately and layoffs declining, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report released by the Bureau of Labor Statistics on Tuesday. Job openings, a key indicator of labour demand, rose by 372,000 to 7.744 million at the end of October. However, the September figures were revised downward to 7.372 million from the initially reported 7.443 million. Economists polled by Reuters had anticipated 7.475 million vacancies. Labour Market Dynamics While job openings increased, hires dropped by 269,000 to 5.313 million, and layoffs fell by 169,000 to 1.633 million. These figures suggest a gradual cooling of the labour market rather than a sharp contraction. Hurricanes and strikes also impacted October’s labour market data. Rebuilding efforts in storm-affected regions and the resolution of strikes at Boeing and another aerospace company are expected to contribute to a ...
BlackBerry Ltd has announced that Cyberjaya, located in the state of Selangor, will serve as the company’s headquarters for its cyber security operations in the Asia Pacific (Apac), according to a press release on Monday.
The regional hub is already operational, marking a significant milestone in BlackBerry’s Apac strategy, positioning the company near emerging technology hubs and vital government infrastructure.
“Malaysia is a strategically important market for BlackBerry, and we’re proud to base our new Apac headquarters in Kuala Lumpur as part of our regional expansion plans,” said Tash Stamatelos, BlackBerry’s vice president of cybersecurity for Apac.
This expansion builds on BlackBerry’s landmark partnership with the Malaysian government, announced in November 2023. As part of this partnership, BlackBerry collaborated with the Malaysian Communications and Multimedia Commission (MCMC) to establish the Cybersecurity Center of Excellence (CCOE), which serves as a world-class training center for Malaysia’s cyber security professionals.
The new Cyberjaya office includes a diverse team of professionals spanning sales, marketing, threat research, technical support, administration, and cyber security training. This initiative is expected to not only benefit Malaysia but also provide the broader region with access to BlackBerry’s cutting-edge cyber security solutions, according to Malaysian Communications Minister Fahmi Fadzil.
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