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The U.S. federal budget deficit in May nearly doubled to US$399 billion from a year earlier amid continued strong spending on coronavirus relief programs and a 25per cent drop in receipts, the Treasury Department said on Wednesday.

American Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.

Investors are betting a weaker U.S. dollar will further boost a rally that has seen stocks, emerging market currencies and other risky assets soar in recent weeks.

Boeing Co is aiming to conduct a key certification test flight on its grounded 737 MAX in late June, two people briefed on the matter said.

Chinese video app TikTok's practices are to be examined by an EU task force, the bloc's privacy watchdog said on Wednesday, which also warned EU police forces against using facial recognition software from U.S. company Clearview AI.

Jack Dorsey, the chief executive of Square Inc and Twitter Inc, said June 19, popularly known as 'Juneteenth', would be a permanent company-wide holiday in the United States to show support for racial diversity.

SAN FRANCISCO: A group of U.S. lawmakers preparing to fight a legislative attack on encrypted communications is trying to establish what happened when encryption was subverted at a Silicon Valley maker of networking gear. Democrat Ron Wyden, who sits on the Senate Intelligence Committee, said the ...

U.S. airlines carried 3 million passengers in April, a staggering 96per cent decline amid the coronavirus pandemic and flight restrictions, the Transportation Department said Wednesday.

Lawyers bringing a case before the World Court accusing Myanmar of genocide against its Rohingya Muslim minority have asked a U.S. district court to order Facebook to release posts and communications of Myanmar military and police.

American Airlines Chief Executive Doug Parker said on Wednesday that he expects a daily cash burn of about US$40 million in June, down from a previous forecast of US$50 million per day, thanks to cost-savings measures to address the coronavirus pandemic.