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Economy News

May 23, 2020
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 ...
May 23, 2020
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 ...
May 22, 2020
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, ...
May 20, 2020
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 ...
May 20, 2020
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 ...
May 19, 2020
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 ...
May 18, 2020
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 ...
May 18, 2020
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 ...
May 17, 2020
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 ...
May 17, 2020
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 ...
May 17, 2020
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 ...
May 16, 2020
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 ...
May 16, 2020
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 ...
May 15, 2020
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 ...
May 14, 2020
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 ...
May 14, 2020
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 ...
May 14, 2020
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 ...
May 13, 2020
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 ...
May 13, 2020
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 ...
May 13, 2020
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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