Boeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.
NEW YORK: Negative interest rates in the United States were once unimaginable. The coronavirus has changed that. While the Federal Reserve has all but ruled it out, the sweeping economic and financial-markets impact of the pandemic has forced investors to give serious thought to the implications ...
WASHINGTON: U.S. President Donald Trump on Tuesday urged California to allow Tesla Inc to reopen its electric vehicle assembly plan. "California should let Tesla & @elonmusk open the plant, NOW. It can be done Fast & Safely!" Trump wrote on Twitter. On Monday, Tesla Chief Executive Elon Musk said...
WASHINGTON: President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates: now near zero: to move into negative territory. "As long as other countries are...
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis.
LONDON: Britain extended its job retention scheme - the costly centrepiece of its attempts to mitigate the coronavirus hit to the economy - by four more months on Tuesday (May 12) but told employers they would have to help meet the cost before long. Finance minister Rishi Sunak told...
Finnish telecom equipment maker Nokia said on Tuesday it would collaborate with Microsoft in the open source network operating system SONiC, which is used in the data centres of some of the largest cloud-service providers.
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds (US$6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline's management.
Many U.S. schools have stopped taking attendance since the COVID-19 pandemic forced classes online, but one South Florida district has remained committed to the scholastic task, saying it is a way to keep students safe and productive while learning at home.
Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.
