Markets

WASHINGTON: The Federal Reserve opened a two-day policy meeting on Tuesday (Jul 30), poised to cut the key US lending rate for the first time in more than a decade amid rising economic uncertainties. The Federal Open Market Committee raised the benchmark interest rate four times last year but has...

A bill introduced by a Republican U.S. senator on Tuesday aims to curb overuse of social media use by banning Snapchat's Snapstreak feature, among elements on other social media networks.

Switzerland scrapped a 1.8 million Swiss franc (US$1.8 million) sponsorship deal with Philip Morris International for the country's pavilion at Expo 2020 in Dubai after being widely criticized for taking tobacco money to promote its image abroad.

LONDON: European stock markets slumped on Tuesday (Jul 30) after US President Donald Trump lashed out at Beijing just as trade talks resumed, dealers said. The British pound, meanwhile, continued its slide to fresh two-year lows as more investors were betting on a no-deal Brexit. Trump ripped ...

Shares in meat alternatives company Beyond Meat slid on Tuesday, a day after the company known for its pea-based burgers and sausages announced a stock offering plan to raise capital just three months after going public.

LONDON: This week's latest Brexit-fuelled collapse in the troubled pound is a boon for tourists and multinationals - but spells trouble for the purchasing power of UK households. Sterling tumbled Tuesday to two-year lows against the euro and dollar, plagued with concern that Britain will crash out ...

LONDON: Daniela and Alberto Passarini have been to London at least half a dozen times in the past 15 years. The smiling middle-aged couple from the Italian city of Verona have the tanking pound to thank for making this their cheapest trip yet - by a wide margin. "It was...

Mylan NV has reached a tentative agreement to pay US$30 million to resolve a probe by the U.S. Securities and Exchange Commission related to its emergency allergy shot EpiPen, which became the center of a firestorm over price increases.

NOUAKCHOTT: A Mauritanian blogger condemned to death in 2014 for apostasy over a Facebook post about Islam has been freed, media watchdog Reporters Without Borders and his lawyer said on Tuesday. Mohamed Ould Cheikh Ould Mkhaitir had spent over five years in jail after a high-profile case ...

Bayer on Tuesday said it would consider settling with U.S. plaintiffs suing over the German group's Roundup herbicide only on reasonable terms, and if such a move wraps up all cases.