Showing 61 - 70 of 148
Uber earnings hit hard as pandemic stalls revenue
AFP, Published on 07/08/2020
» SAN FRANCISCO: Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the Covid-19 pandemic caused its shared-ride business revenue to plunge.
US economy collapsed in Q2 amid pandemic
AFP, Published on 30/07/2020
» WASHINGTON: The US economy collapsed in the midst of the coronavirus pandemic, suffering the largest decline on record, while hopes for a recovery took another hit as job losses increased, according to government data released Thursday.
Top US aide expects tough action on TikTok, WeChat
AFP, Published on 13/07/2020
» SAN FRANCISCO: White House trade advisor Peter Navarro said Sunday he expected President Donald Trump to act firmly against the TikTok and WeChat applications, amid rising tensions between Washington and Beijing.
Asia markets rally on virus hopes, Trump's Hong Kong action
AFP, Published on 01/06/2020
» Hong Kong led an Asia-wide market rally Monday as investors breathed a sigh of relief after Donald Trump fell short of imposing strict measures against China, while a further easing of virus lockdowns continued to provide support.
US layoffs exceed 40m but some are returning to work
AFP, Published on 28/05/2020
» WASHINGTON: The number of workers filing for jobless benefits since the coronavirus arrived in the United States passed 40 million on Thursday while manufactured goods sales plunged even as signs emerged that people are returning to work.
US-China trade truce at risk as virus hits global economy
AFP, Published on 15/03/2020
» BEIJING: A hard-won trade war truce between the US and China is at risk as the coronavirus pandemic rocks the global economy, making it tough for Beijing to fulfil its commitments.
India relaxes fiscal deficit, cuts taxes to spur growth
AFP, Published on 02/02/2020
» MUMBAI: India relaxed its fiscal deficit target Saturday, raising spending and slashing taxes as it seeks to attract foreign investment and increase consumption in the wake of a prolonged economic slowdown.
US Senate approves new North American trade deal
AFP, Published on 17/01/2020
» WASHINGTON: The US Senate on Thursday voted overwhelmingly to approve a new North American trade pact, handing President Donald Trump a second trade win in as many days just as his impeachment trial was set to begin.
Andrew Bailey named as Bank of England governor
AFP, Published on 20/12/2019
» LONDON: Britain's finance minister on Friday named Andrew Bailey, the head of the Financial Conduct Authority regulator, as new governor of the Bank of England to guide it through Brexit.
Argentina tightens exchange controls to stem capital flight
AFP, Published on 28/10/2019
» BUENOS AIRES: Argentina introduced strict exchange controls Monday to preserve depleting reserves as Peronist president-elect Alberto Fernandez and incumbent Mauricio Macri held talks, seeking to reassure investors over the country's impending swing from market-friendly policies to protectionism.