WASHINGTON: President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates: now near zero: to move into negative territory. "As long as other countries are...
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis.
LONDON: Britain extended its job retention scheme - the costly centrepiece of its attempts to mitigate the coronavirus hit to the economy - by four more months on Tuesday (May 12) but told employers they would have to help meet the cost before long. Finance minister Rishi Sunak told...
Finnish telecom equipment maker Nokia said on Tuesday it would collaborate with Microsoft in the open source network operating system SONiC, which is used in the data centres of some of the largest cloud-service providers.
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds (US$6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline's management.
Many U.S. schools have stopped taking attendance since the COVID-19 pandemic forced classes online, but one South Florida district has remained committed to the scholastic task, saying it is a way to keep students safe and productive while learning at home.
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.
U.S. stock index futures ticked higher on Tuesday as China's move to waive off tariffs on some U.S imports added to hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy.
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O'Leary told Reuters.
SINGAPORE: Hairdressers and barbers across Singapore took out their scissors for the first time in weeks on Tuesday (May 12), snipping off the overgrown locks of an endless stream of customers, as the Government relaxed some "circuit breaker" measures. After three weeks of suspension amid enhanced ...
