Toyota Motor Corp and Mazda Motor Corp said on Thursday they will now invest US$2.3 billion in a new joint venture Alabama factory, US$830 million more than announced in their original plan in 2018.
The US push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.
A California judge on Thursday refused to grant Uber Technologies Inc and Lyft Inc more time to appeal his decision requiring the ride-hailing companies to classify drivers in that state as employees.
Increased transfer payments and expanded liquidity measures aimed at companies should help buffer U.S. households and businesses from the worst of the economic crisis unleashed by the coronavirus pandemic in coming months, the White House Council of Economic Advisers said in a report on Thursday.
The US National Security Agency and Federal Bureau of Investigation have exposed a sophisticated Russian hacking tool, they said on Thursday in a rare public report offering new insight on Russia's arsenal of digital weapons.
Daimler has reached an agreement to settle U.S. proceedings relating to investigations into software to cheat diesel emissions tests that will result in costs of about US$1.5 billion, the German carmaker said on Thursday.
REUTERS: Shares of SoftBank-backed KE Holdings Inc jumped 75per cent in their New York debut on Thursday, after the Chinese online real estate broker raised US$2.12 billion in its initial public offering that was priced above its earlier target range. Shares of KE, also known as Beike Zhaofang ......
The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic in the United States, but that was likely as the expiration of a US$600 weekly supplement discouraged some from filing claims.
WASHINGTON: White House economic adviser Larry Kudlow on Thursday (Aug 13) said he expects the US unemployment rate to return to single-digit levels as early as this month and growth in the third quarter should be 20 per cent or more as the economy recovers from the recession triggered by the ......
Increased transfer payments and expanded liquidity measures aimed at companies should help buffer U.S. households and businesses from the worst of the economic crisis unleashed by the coronavirus pandemic in coming months, the White House Council of Economic Advisers said in a report on Thursday.
