U.S. to revise Chinese passenger airline ban: sources
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to...
Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies
U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against ‘fraudulent’ accounting practices of China-based companies, and suggest the Nasdaq’s recent...
America’s billionaire wealth jumps by over half a trillion during COVID-19 pandemic: report
The combined wealth of America’s billionaires, including Amazon.com Inc founder Jeff Bezos and Facebook Inc CEO Mark Zuckerberg, jumped over 19% or by half a...
ECB gives another shot of stimulus as economy reels
The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into...
Germany will require all petrol stations to provide electric car charging
Germany said it will oblige all petrol stations to offer electric car charging to help remove refuelling concerns and boost consumer demand for the vehicles...
Oil drops on doubts over output cuts, swelling U.S. fuel inventories
Oil prices fell on Thursday on doubts over the ability of top crude producers to agree to extend record output cuts, heightened by worries over...
American Airlines soars on news it will boost U.S. flights in July
American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions...
U.S. jobless claims dip below 2 million, road to recovery rocky
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as...
LVMH propels Arnault scion to head up Tag Heuer watches
LVMH on Thursday said that Frederic Arnault, one of the younger sons of the luxury goods group’s billionaire boss, would take over running watch brand...
Fiat-Chrysler’s state-backed loan crucial for Italy’s economy-Intesa CEO says
A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy’s...