The US State Department has submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, according to two people familiar with the matter, before the financial technology firm is slated to go public.
U.S. Treasury Secretary Steven Mnuchin on Wednesday urged the International Monetary Fund and World Bank to work judiciously within their existing resources to fight the coronavirus pandemic and urged G20 countries to endorse a proposed debt restructuring framework.
Wells Fargo & Co has fired more than 100 employees for unethically getting coronavirus relief funds, Bloomberg News reported on Wednesday, citing a person with knowledge of the situation and an internal memo.
Citigroup Inc is dropping claims against one of the entities it had sued in an attempt to recoup nearly US$1 billion that it mistakenly sent to lenders of Revlon Inc , according to a court filing on Wednesday.
Economic activity is shifting during the pandemic to sectors that do not rely on face-to-face interaction, and Americans most affected by job losses will need help getting back to work, Dallas Federal Reserve President Robert Kaplan said on Wednesday.
United Airlines said on Wednesday its total revenue dropped 78per cent in the third quarter, slowing from an about 87per cent plunge in the previous quarter as demand for air travel gradually recovered from the coronavirus crisis.
With 5G speeds, the use of LIDAR and a ceramic cover, the iPhone 12 has attracted attention but it’s Apple’s shifting strategy that is the real winner, says IMD Business School’s Howard Yu.
Despite the boom in aviation thanks to cheap flights, the pandemic has exposed just how vulnerable some Southeast Asian national carriers were, says this observer.
Wells Fargo & Co has fired more than 100 employees for unethically getting coronavirus relief funds, Bloomberg News reported on Wednesday, citing a person with knowledge of the situation and an internal memo.
Eager to capture any holiday-related spending as early as possible this year, Walmart Inc , ASOS , Best Buy and other major retailers are turning Black Friday into a multi-day promotion.
