U.S. producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral.
American Airlines Group Inc has threatened to cancel some of its orders for Boeing Co's grounded 737 MAX jets, amid the coronavirus crisis, the Wall Street Journal reported on Friday citing people familiar with the matter.
Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a US$2.5-billion investment round led by T. Rowe Price , Rivian said Friday.
Australia has granted provisional approval to Gilead Sciences Inc's remdesivir as the first treatment option for COVID-19 in the country, the Therapeutic Goods Administration (TGA) said on Friday.
MOSCOW: AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of US$10 billion by 2022-2023, up from what analysts estimate is about US$6 billion now. Chief Executive Dmitry Sergeev, who did not give ...
AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of US$10 billion by 2022-2023, up from what analysts estimate is about US$6 billion now.
LONDON: Britain's National Cyber Security Centre is continuing its work looking into Huawei, a spokesman for Prime Minister Boris Johnson said on Friday, responding to reports that culture minister Oliver Dowden would make a statement on Tuesday. "It's an ongoing process, the NCSC continue their ...
Sales at Italian fashion group Giorgio Armani returned to growth in 2019, a year in advance of its target, after a three-year planned fall from streamlining its distribution and brand portfolio under just three labels.
U.S. stock index futures slipped on Friday as a record increase in coronavirus cases raised fears of another hit to Corporate America with several states delaying the easing of business restrictions.
Walt Disney Co is planning to reopen its Orlando-based Walt Disney World theme park on July 11, ending the longest shutdown of the company's highly profitable U.S. theme park division in its history.
