U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.
SINGAPORE: The COVID-19 crisis continues to hit the aviation sector, with ground handling company dnata being the latest to lay off employees. Affected staff members were informed of their retrenchment on Friday (Aug 28). In response to CNA's queries, dnata told CNA that it had to take steps to ......
U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter, though momentum is likely to ebb as the COVID-19 pandemic lingers and fiscal stimulus dries up.
1/ THE END OF THREE ARROWS
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley , Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.
Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found.
SINGAPORE: Aircraft manufacturer Boeing called on three airlines to pull eight 787 Dreamliners from service, after it found a manufacturing issue in the jet's structure, aviation website The Air Current reported on Friday (Aug 28). Aircraft for Singapore Airlines, United Airlines and Air Canada ...
Coca-Cola Co said on Friday it would reduce its global workforce as part of a company-wide restructuring.
U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lower-for-longer may support bulging asset prices - which is unlikely to benefit the neediest and could well widen the wealth gap in the near term.
In a luxury mansion in the Hollywood Hills, young TikTok influencers bounced around on a bright sunny morning this week trying out new ideas for zany short form videos that they hope will go viral.
