Mexican airline Aeromexico has requested permission from U.S. bankruptcy court to dismiss 1,830 employees in a cost-saving measure to weather the economic shocks of the coronavirus crisis, according to court filings filed on Wednesday.
A rethinking of Malaysia’s tax regime and social welfare programmes is overdue, says Stewart Nixon.
China’s Sinovac is working with Indonesia’s Bio-Farma to produce COVID-19 vaccines and there are huge economic payoffs but significant challenges remain, says this observer.
Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact.
Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
Wall Street is sick of polls.
The European Union's Brexit negotiator said on Wednesday (Nov 4) "very serious divergences" remained in trade talks with Britain and suggested the bloc would rather accept disruptions in commerce in eight weeks' time than yield on its key demands.
A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the U.S. Commerce Department from imposing restrictions on video-sharing app TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.
Wall Street breathed a sigh of relief on Wednesday, as the latest U.S. election tallies pointed to a divided government that made the prospect of tax hikes advocated by Democratic presidential candidate Joe Biden unlikely.
