President Donald Trump accused congressional Democrats on Wednesday of not wanting to negotiate over a U.S. coronavirus aid package because he was refusing to go along with "ridiculous" spending requests unrelated to the pandemic.
Asian stocks were set for broad gains on Thursday after Wall Street's S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled U.S. stimulus talks and a shaky economic recovery.
The Trump administration has filed a motion asking a court to dismiss a lawsuit against the president's executive order targeting social media companies, calling it a "profound misunderstanding," according to a copy of the motion seen by Reuters.
Oil major Chevron Corp said on Wednesday it is investing in Zap Energy Inc, joining Italy's ENI and Norwegian state oil company Equinor who have also backed nuclear fusion startups to reduce their carbon footprint.
President Donald Trump accused congressional Democrats on Wednesday of not wanting to negotiate over a U.S. coronavirus aid package because he was refusing to go along with "ridiculous" spending requests unrelated to the pandemic.
The U.S. government on Wednesday said it would maintain 15per cent tariffs on Airbus aircraft and 25per cent tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.
Hong Kong International Airport said on Thursday that passengers from mainland China would be able to transit through Hong Kong to other destinations from Aug. 15 until Oct. 15, in a boost for its dominant carrier Cathay Pacific Airways Ltd .
Lyft Inc said on Wednesday cost cuts put the company on track to reach its goal of becoming profitable on an adjusted basis by the end of 2021, even as its second-quarter revenue tumbled 61per cent due to coronavirus-related restrictions.
Facebook Inc and Snapchat owner Snap Inc held talks to buy Dubsmash, the Information reported on Wednesday, putting a spotlight on pop video apps at a time when Microsoft Corp is trying to workout a deal to buy rival TikTok.
SINGAPORE'S financial sector created 22,000 net jobs between 2015 and 2019, and of these, three out of four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on Wednesday.
