San Francisco Federal Reserve Bank President Mary Daly on Wednesday painted a grim picture of the U.S. economic outlook, saying that even under her best-case scenario unemployment will still top 10per cent at year's end and won't return to pre-crisis levels for four or five years.
Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to new record highs and the electric carmaker's market cap overtook that of former front runner Toyota Motors Corp.
U.S., Mexican and Canadian business groups applauded a new North American trade deal's entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules.
Fiat Chrysler Automobiles NV reported a 39per cent drop in U.S. sales in the second quarter, hit by lower demand for its Jeep and Dodge sport utility vehicles and Ram pick-up trucks due to the coronavirus crisis.
U.S. manufacturing activity rebounded in June, hitting its highest level in more than a year as the broader economy reopened, but rising COVID-19 infections threaten the recovery.
A new report into the Federal Aviation Administration's decision to certify the Boeing 737 MAX may help proponents seeking reforms to the long-standing practice of delegating some aircraft certification tasks to manufacturers.
Changi Airport will be rolling out contactless check-in kiosks which will allow travellers to check in and drop off their luggage without needing to touch the electronic screens.
TEL AVIV: U.S.-Israeli startup Curv, which provides security infrastructure for digital assets, said on Wednesday it raised US$23 million in an early-stage funding round. It received investments from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund ...
India has ordered telecom companies and other internet providers to stop access to 59 banned Chinese-origin apps, according to notices seen by Reuters, intensifying efforts to crack down on such businesses following a border clash between the nations.
U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into bankruptcy, a report showed on Wednesday.
