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Economy News

Judge lifts stay on sale of Venezuela's US refineries

A U.S. judge on Friday approved moving forward with the sale of Venezuela’s prized U.S.-based CITGO refineries, allowing a ...

Vegas casinos plan to open with virus precautions

Yes, dice will roll, cards will be dealt and slot machines will beckon. But poker rooms? Closed. Tourists returning to Las ...

Lawyer for Biden accuser Tara Reade drops her as a client

The attorney working with Tara Reade, the former Joe Biden Senate staffer who alleged he sexually assaulted her in the 1990s, ...

Deutsche Bank CEO: Remote work could help company cut costs

Germany's Deutsche Bank says it is in good financial shape and will push ahead with cost cuts to bolster profitability - and ...

Japan suspects missile data leak in Mitsubishi cyberattack

Japan is investigating a possible leak of data including details of a prototype missile in a massive cyberattack earlier this ...

Gov't to lose majority Thai Airways share in restructuring

Thailand’s Cabinet has approved a reduction in the government’s stake in financially troubled Thai Airways International to ...

Cash strapped Thai Airways to seek bankruptcy rehabilitation

Thailand’s flag carrier Thai Airways International will file a plan for restructuring its business with the Central ...

Alibaba's Jack Ma quits board of Japan's struggling SoftBank

Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company ...

Church services disrupted by outages Zoom says were limited

Video conferencing service Zoom said Sunday that it was investigating the cause of outages that apparently affected some ...

Israel finally swears in government after 3 elections

After three deadlocked and divisive elections, a year and a half of political paralysis and another three-day delay because ...

Fiat Chrysler makes $6.8 billion Italy-backed loan request

Fiat Chrysler Automobiles has confirmed a request for an Italian state-backed loan to help the automotive sector relaunch ...

US retail sales plunged a record 16% in April as virus hit

U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers ...

Fed sees Wall Street stress if virus takes 'unexpected' turn

The Federal Reserve said Friday that Wall Street remains vulnerable to another shock if the global pandemic takes an ...

Industrial production plunges unprecedented 11.2% in April

American industry suffered the most severe plunge on record last month with factories, mines and utilities battered by the ...

Trump administration ease rules limiting truck driver hours

The Trump administration eased rules Thursday that limit working hours for truck drivers, and the changes brought immediate ...

Head of World Trade Organization to step down early

The head of the World Trade Organization said Thursday that he will leave his post a year early, a “personal decision” that ...

Supreme Court sides with Lucky brand in trademark dispute

The Supreme Court is siding with fashion brand Lucky in a dispute with a Miami-based apparel manufacturer that owns the “Get ...

US wholesale prices drop record 1.3% in April

Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential ...

World's biggest shipper expects 25% drop in container demand

The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to ...

Why prospect of deflation could pose a threat to US economy

The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices ...

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