United Airlines and American Airlines said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic.
Global stocks came under pressure on Friday after U.S. Treasury Secretary Steven Mnuchin called for an end to pandemic relief for struggling businesses, sparking a rare clash between the central bank and Treasury and weighing on sentiment.
PAYMENTS firm Revolut has lost its heavyweight compliance chief in Singapore just about a year after the ex-Credit Suisse banker joined the fintech.
Facebook for the first time on Thursday disclosed numbers on the prevalence of hate speech on its platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech.
Twitter Inc has resolved most performance issues with its new ephemeral "fleets" product and expects to complete the global launch by Friday, the company's product chief said in a live video on Thursday.
Tesla Inc extended its rally on Thursday ahead of its December debut in the S&P 500 , with its market value nearing US$500 billion, highlighting the growing domination of mega-cap growth stocks within Wall Street's main benchmark.
Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than US$400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
The region was ripe for airline consolidation even before COVID-19 but this crisis is not about to open the floodgates, says Brendan Sobie
The Federal Trade Commission and a bipartisan group of dozens of state attorneys general are in the final stages of filing one or more major antitrust complaints against Facebook Inc in early December, according to four sources familiar with the situation.
GIC-backed fintech OakNorth has secured a US$30 million investment from SMBC, which will drive data-backed lending in emerging markets such as Indonesia.
