Markets

WASHINGTON: Applications to start new US businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the economy to its knees. The Commerce Department said on Thursday (Apr 16) business applications dropped 21.4 per cent in ...

WASHINGTON: US small businesses may need up to US$500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday (Apr 16) as Fed officials voiced concern over the speed and breadth of the country's fiscal response to an...

Applications to start new U.S. businesses tumbled last week, the latest indication that stringent measures to control the spread of the novel coronavirus had brought the economy to its knees.

The novel coronavirus may do to U.S. office rentals what e-commerce did to malls, or so goes a line of thinking running through commercial real estate circles.

California's Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a US$23 billion deal which closed on April 1.

REUTERS: Apple Inc said on Thursday (Apr 16) it would reopen its sole retail store in South Korea on Apr 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak. Once struggling with the first...

Apple Inc said on Thursday it would reopen its sole retail store in South Korea on April 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak.

The U.S. Transportation Department said on Thursday it had rejected most requests by Jetblue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95per cent.

Air traffic in Latin America in April has fallen 91per cent compared to a year earlier due to the coronavirus outbreak that fully grounded two of the region's largest airlines and canceled almost all other flights, industry group ALTA said on Thursday.

Italian trade unions said on Thursday they had agreed with CNH Industrial on health and security measures so the vehicle maker is ready to resume work as soon as lockdown rules are eased.