Markets

The defense business of Airbus on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts.

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft's design, development and two fatal disasters involving the now-grounded plane.

Non-profit group noyb, led by privacy activist Max Schrems, said it had filed a complaint against Amazon to the German data protection authority over a lack of data security in a case it said could lead to fines of more than US$4 billion.

WASHINGTON: US homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track. Other data on Wednesday (Feb 19) showed producer prices increasing by ...

BRUSSELS: The European Commission plans to create a single European market for data, hoping that pooling the region's deep industrial expertise could help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights. The plan is part of a raft of digital ...

U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.

Global financial regulators risk falling behind on rapid innovation in the digital payments industry and need to work more quickly to devise rules for crypto-currencies or "stablecoins", the chair of a global finance watchdog said on Wednesday.

WASHINGTON: In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said Wednesday (Feb 19). Beset by many other risks, including the paused but still-unresolved US-China trade ...

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft's design, development and two fatal disasters.

Russia's main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters.