U.S. President Donald Trump said on Wednesday he supports another coronavirus stimulus bill but wants it to include incentives for Americans to go back to work, setting up a clash with Democrats in Congress over jobless benefits.
Federal Reserve policymakers agreed broadly to make full use of the tools at the central bank's disposal to help foster a recovery from the recession triggered by the coronavirus pandemic, minutes of the U.S. central bank's last policy meeting showed.
Alitalia on Wednesday resumed international flights from Milan as Italy gradually reopens its airports to foreign travellers and scraps restrictions imposed to contain the coronavirus outbreak.
SAN FRANCISCO: San Francisco Federal Reserve Bank President Mary Daly on Wednesday (Jul 1) painted a grim picture of the US economic outlook, saying that even under her best-case scenario unemployment will still top 10 per cent at year's end and won't return to pre-crisis levels for four or five ......
REUTERS: Procter & Gamble said Wednesday that it will not make any announcements about its activities on advertising platforms, in response to a question about whether it will join the growing advertising boycott against Facebook. "Our approach has been to not to make public declarations of where ...
WASHINGTON, DC: US private payrolls increased less than expected in June and employers announced more than 170,000 layoffs, strengthening views that the labour market and broader economic recovery from the COVID-19 pandemic would be a long slog. The recovery is also under threat from surging ...
San Francisco Federal Reserve Bank President Mary Daly on Wednesday painted a grim picture of the U.S. economic outlook, saying that even under her best-case scenario unemployment will still top 10per cent at year's end and won't return to pre-crisis levels for four or five years.
Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to new record highs and the electric carmaker's market cap overtook that of former front runner Toyota Motors Corp.
U.S., Mexican and Canadian business groups applauded a new North American trade deal's entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules.
Fiat Chrysler Automobiles NV reported a 39per cent drop in U.S. sales in the second quarter, hit by lower demand for its Jeep and Dodge sport utility vehicles and Ram pick-up trucks due to the coronavirus crisis.
