Markets

Ryanair will cut capacity in and out of Italy, its largest market, by 25per cent for three weeks due to a significant drop off in bookings since a coronavirus outbreak, Europe's biggest low-cost airline said on Monday.

GENEVA: The head of the World Trade Organization said on Monday (Mar 2) that he expected the coronavirus epidemic to have a "substantial" impact on the global economy, but that plans for a June ministerial meeting were going ahead, a Geneva trade official said. "The effects on the global...

U.S. stock indexes rose on Monday, recovering from steep declines amid a spell of bargain hunting, while investors hoped that monetary stimulus from central banks would help tide over the potential economic impact of the coronavirus.

WASHINGTON: US factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession. While other data on Monday (Mar 2) showed ...

REUTERS: Apple Inc has agreed to pay up to US$500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlement was disclosed on Friday night and ...

U.S. President Donald Trump on Monday reiterated his call for the U.S. central bank to lower interest rates, tweeting that the Federal Reserve has been "slow to act" and should be more aggressive.

Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.

Goldman Sachs Group Inc has told its staff that all non-essential business travel should be postponed, according to a memo seen by Reuters.

REUTERS: U.S. stocks bounced back from recent losses on Monday, as the focus turned to assurances of central bank stimulus to counter the economic fallout from the coronavirus outbreak. The Dow Jones Industrial Average rose 181.15 points, or 0.71per cent, at the open to 25,590.51. The S&P 500 ......

Jack Welch, who grew General Electric Co during the 1980s and 1990s into the most valuable public company in the United States, has died at age of 84, the conglomerate said on Monday.