U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists' predictions for a brief period of deflation as the novel coronavirus depresses demand.
MILAN/PARIS: French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a rise in the cost of raw materials amid the coronavirus pandemic. In an emailed statement responding to a Reuters query, Chanel said the...
JOHANNESBURG: Loon, a unit of Google's owner Alphabet Inc , which uses high-altitude balloons to provide mobile internet to remote areas, has signed a deal with Vodacom to expand the South African mobile operator's network in Mozambique. Using the Loon solution, Vodacom will expand mobile network ...
SINGAPORE: Property buyers who have entered into agreements to purchase or lease homes from developers can now apply for temporary legal protection should they face difficulties making payments because of the COVID-19 pandemic. The move is an extension of the COVID-19 (Temporary Measures) Bill ...
German firms are preparing to charter a flight to China this month, a business leader said Wednesday, in a sign that Beijing may further ease a ban on most foreigners that was imposed to avoid importing virus cases.
Qatar Airways, one of the Middle East's biggest airlines, is in talks with Airbus and Boeing to defer aircraft orders for several years, its chief executive was quoted as saying on Wednesday.
HONG KONG: Chinese internet giant Tencent reported Wednesday (May 13) a sharp rise in first-quarter net profit after a surge in demand for its online games as the coronavirus pandemic forces people to stay home. The Shenzhen-based company, one of the largest listed on the Hong Kong stock exchange...
Easyjet and Lufthansa's Germanwings on Wednesday lost their challenge against an EU ruling ordering Italy to recover illegal state aid granted to airlines serving Sardinia.
U.S. stock index futures edged higher on Wednesday, a day after Wall Street's main indexes fell, as investors kept an eye out for Federal Reserve Chairman Jerome Powell's address.
Tesla Inc Chief Executive Elon Musk's fight with local authorities over the reopening of its California plant has gotten the attention of those who scout sites for new factories and corporate offices, as well as economic development officials hungry for more jobs.
