As the world’s largest economy and dominant global player, the US can drive – or undermine – global policy coordination, says Mohamed A El-Erian.
THE US dollar is at a crucial crossroads these days as more currency strategists have turned bearish.
MEXICO CITY: Mexico's Interjet airline will begin restarting national and international routes in July, the company said on Sunday (Jun 28), as airlines across the world pin their hopes on recovering demand as some coronavirus pandemic restrictions on travel ease. The budget airline also said in a ...
NEW YORK: Chesapeake Energy Corp filed for Chapter 11 on Sunday (Jun 28), becoming the largest US oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets. The Oklahoma City-based shale pioneer, co...
FRANKFURT: Workers at six Amazon sites in Germany will go on strike on Monday in protest over safety after some staff at logistics centres tested positive for coronavirus, labour union Verdi said. Verdi said on Sunday (Jun 28) that the strike would last at least 48 hours, under the...
Organizers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate speech.
Starbucks Corp will pause advertising on all social media platforms as it explores the best ways to help stop the spread of hate speech, the company said in a statement on Sunday.
REUTERS: PepsiCo Inc will stop advertising on Facebook Inc, Fox Business News reported on Sunday (Jun 28), citing sources. The halt on advertising will run through July and August, the report said. Sources described the move as a "global boycott" on placing Facebook ads, the report said. PepsiCo ...
BARCELONA: Spanish airline Iberia will reduce the size of its fleet, the number of destinations it flies to and how frequently as the coronavirus pandemic continues to drag on demand, its chief executive officer said in a newspaper interview. Luis Gallego also told El Pais that Iberia, part of...
DUBAI: Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels "sometime" in 2021, encouraged by a better-than-expected pickup as countries started to ease coronavirus-related curbs. "It's been a tough couple of months," Careem Chief Executive Mudassir ...
