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Economy News

Huawei CFO's to find out if her fraud case will proceed

A top executive of Chinese tech giant Huawei is scheduled to learn Wednesday if a U.S extradition case against her can ...

The Toronto Star to be sold, taken private

The Toronto Star and its Torstar Corp newspaper chain said Wednesday it has agreed to be sold for $52 million (US$38 million)

Stanley Ho, who built Macao's gambling industry, dies at 98

Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, died Tuesday ...

US new-home sales post slight gain in April

U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative ...

US home price gains quickened in March as sales plunged

U.S. home prices accelerated in March even though sales plummeted, as those Americans still house shopping were forced to bid ...

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 ...

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