U.S. rural telecom networks, which have relied on inexpensive equipment from Huawei and ZTE to run their businesses, have told the government that it would cost US$1.837 billion to replace those switches and routers, the Federal Communications Commission said on Friday.
Amazon.com Inc is planning to create 10,000 more jobs in the next few years in Bellevue, Washington, the e-commerce giant said on Friday.
U.S. job growth slowed further in August as financial assistance from the government ran out, threatening the economy's recovery from the COVID-19 recession.
Vodafone Idea Ltd said on Friday it would raise funds up to 300 billion rupees (US$4.10 billion) as the Indian telecom operator tries to pay off the hefty dues it owes to the government.
The gap in unemployment rates between Blacks and whites in the United States widened for a fourth straight month in August, and the spread between the races is now the largest in nearly six years.
Softbank-backed Oyo Hotels & Homes is extending furloughs for some Indian employees by six months, it said on Friday, as an unabated rise in domestic coronavirus cases curbs travel and hits hotel revenues.
REUTERS: As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural catastrophes were already ...
Virgin Atlantic plans 1,150 more job cuts due to a slow recovery in demand, the airline said on Friday after completing a restructuring deal designed to keep it going through the coronavirus crisis.
The day California finally allowed hair salons to reopen after months of pandemic restrictions should have been a happy one for the sisters who own Hourglass Salon + Boutique in Sacramento. Instead, they spent it hauling out boxes and figuring out how to tell customers they were closing.
Futures tracking the S&P 500 and Dow indexes bounced on Friday after Wall Street's worst session since June, with attention turning to the crucial jobs report that is likely to show a faltering recovery in the labor market.
