Southwest Airlines Co , Ryanair Holdings Plc and easyJet Plc are the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70per cent in global air passenger traffic for 2020.
The U.S. federal budget deficit fell to US$63 billion in July, half the amount of a year earlier and down from US$864 billion in June, as a delayed July 15 tax payment deadline boosted revenues and coronavirus aid outlays shrank sharply, the U.S. Treasury said on Wednesday.
Uber Technologies Inc would be forced to shut down its ride-hailing operations in California if a court ruling that blocks it from classifying its drivers as independent contractors goes into effect, the company said in a court filing.
A federal appeals court on Wednesday upheld the 2018 decision by the Federal Communications Commission (FCC) to cap fees for wireless carriers to deploy "small cells" essential to the adoption of next-generation 5G networks.
Twitter Inc rolled out its new long-awaited Application Programming Interface (API) software on Wednesday, nearly a month after the social media company delayed the platform's launch following the hack of several high-profile accounts.
Microsoft Corp on Wednesday said the Surface Duo, its dual-screen smartphone powered by Alphabet Inc's Android operating system, will start at a price of US$1,399 (1,072 pounds) and arrive in stores beginning Sept. 10.
A breakdown in talks between the White House and top Democrats in Congress over how to help tens of millions of Americans suffering in the coronavirus pandemic entered a fifth day on Wednesday, with neither side ready to resume negotiations.
REUTERS: Shares of Moderna Inc rose more than 5per cent on Wednesday after analysts said a US$1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries. The United States and Moderna announced the agreement for 100 million doses of ...
WASHINGTON: U.S. consumer prices rose more than expected in July, with a measure of underlying inflation increasing by the most in 29-1/2 years amid broad gains in the costs of goods and services. The report from the Labor Department on Wednesday, however, probably does not mark the start of...
Uber Technologies Inc would likely shut down temporarily in California for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CNBC reported on Wednesday.
