U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
WASHINGTON: The Trump administration said Friday (May 15) it would restrict the ability of Chinese telecoms giant Huawei, which it considers a national security risk, to develop semiconductors abroad with US technology. "This announcement cuts off Huawei's efforts to undermine US export controls," ...
Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.
Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus.
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces.
Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a US$12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China.
The U.S. Department of Commerce on Friday announced that it was extending the Temporary General License that allows certain transactions with Huawei Technologies Co Ltd for another 90 days.
Ryanair has cut more than 250 staff in offices in Dublin, London, Madrid and Wroclaw, Poland, Europe's largest low-cost airline said on Friday.
U.S. stock index futures rose on Friday as better-than-expected industrial data from China raised hopes of an eventual economic recovery from coronavirus-related lockdowns.
BENGALURU: Indian food delivery startup Zomato said on Friday (May 15) it will lay off 13 per cent of its workforce, or about 520 employees, as the weeks-long COVID-19 lockdown cripples the restaurant industry as well as hits demand for online ordering. There would be temporary paycuts for all...
