DUBAI: Abu Dhabi's Etihad Airways has warned pilots of immediate compulsory layoffs this week as demand for air travel fails to recover as quickly as expected from the coronavirus crisis. The warning in a letter to pilots, seen by Reuters, comes a day after the state airline said it...
Biogen Inc's shares slumped about 30per cent on Monday as the drugmaker's chances of getting a regulatory approval for its experiment Alzheimer's treatment suffered a blow after a panel of experts to the U.S. Food and Drug Administration voted against the medicine.
Shares in European banks and in the travel and leisure industries surged about 10per cent on Monday after Pfizer announced that its experimental COVID-19 vaccine was more than 90per cent effective, which prompted a major rally across the continent's bourses.
After spending the summer convincing consumers to take socially distanced breaks from grim reality, advertisers are now returning to the pandemic as the central focus in holiday shopping campaigns launching this month.
The question of who is U.S. president has no bearing on the trade talks between the European Union and Britain, which are likely to run in London all this week, a spokesman for the bloc's executive Commission said on Monday.
BALTIMORE: Joe Biden will inherit a mangled US economy - one that never fully healed from the COVID-19 pandemic and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are...
TOKYO: Japanese Prime Minister Yoshihide Suga said the government will do all it can to help the economy recover, signalling his readiness to compile another stimulus package to cushion the blow from the coronavirus pandemic. Laying the groundwork for more spending, private sector members of a key ...
A Taiwan company crucial for the production of iPhones for tech giant Apple admitted Monday that working conditions for some students employed at a factory in China contravened agreed labor terms.
The European Union has "great expectations" of a new U.S. president and hopes the United States will re-engage in multilateral trade talks, EU officials said on Monday.
World stocks hit a record high on Monday and the dollar stayed weak as expectations of better global trade ties and more monetary stimulus under U.S. President-elect Joe Biden supported risk appetite.
