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US Senate panel chair questions JPMorgan over allegations of loan misuse

The head of the US Senate Small Business panel on Thursday questioned JPMorgan chase & Co's chief executive following reports that several bank employees misused federal loans aimed at helping businesses weather the COVID-19 pandemic.

Markets

ECB looking at pros and cons of digital euro

The European Central Bank is exploring the pros and cons of introducing a digital euro to complement cash and will publish its findings in the coming weeks, ECB President Christine Lagarde said on Thursday.

Markets

Twitter expands misinformation rules ahead of US election

Twitter Inc said on Thursday it would label or remove misinformation aiming to undermine confidence in the U.S. election, including posts claiming victory before results have been certified or inciting unlawful conduct to prevent a peaceful transfer of power.

Markets

Americans splurged over Labor Day weekend. That’s the good news

People flocked to stores - and back to restaurants - over Labor Day weekend in the United States, setting post-pandemic highs for retail foot traffic and seated dining but also posing a puzzle.

Markets

Volkswagen’s Skoda Auto aims to shift some production, union says

Volkswagen's Czech unit Skoda Auto plans to shift production of some high-earning models to other VW group plants in other countries, the carmaker's trade union boss said in an article on Thursday.

Markets

Ex-Theranos CEO Holmes puts mental state at issue, to be examined by US experts

A federal judge ordered former Theranos Inc Chief Executive Elizabeth Holmes to be examined by U.S. government experts, after lawyers defending her against criminal fraud charges said they may offer evidence she suffered from a mental disease or defect.

Markets

US weekly jobless claims flattening; labor market recovery showing signs of fatigue

The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID-19 pandemic was stalling.

Markets

Nikola, short seller Hindenburg clash over critical report

Shares of Nikola Corp fell 8per cent on Thursday after Hindenburg Research shorted the stock and labeled the electric truck maker a "fraud" in a scathing report, evoking a sharp response from the company, which accused the short-seller of manipulating the high-flying stock.

Markets

Singapore welcomes talks with Hong Kong on resuming cross-border travel

SINGAPORE: Singapore welcomes discussions with Hong Kong on the gradual resumption of cross-border travel between both sides, with safeguards in place, said the Singapore Consulate-General in Hong Kong in a statement on Thursday (Sep 10). “The resumption of safe cross-border travel between ...

Markets

Senate panel to take up FAA aircraft certification reform bill

The U.S. Senate Commerce Committee on Sept. 16 will hold a hearing to consider a bill to strengthen U.S. oversight of aircraft certification following two fatal Boeing Co 737 MAX crashes.

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