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BUSINESS

Trump praises Fed chair Powell, vows not to remove him

Business, Andrea Shalal of Reuters, Published on 06/05/2025

» WASHINGTON - US President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as "a total stiff" and repeating calls for the Fed to lower interest rates.

BUSINESS

FTX missing billions remain a mystery

Bloomberg News, Published on 01/12/2022

» Mystery continues to shroud the missing billions at the bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

BUSINESS

Boeing reports more 737 MAX cancelations as CEO offers grim outlook

AFP, Published on 13/05/2020

» NEW YORK: Boeing reported another round of 737 MAX cancelations Tuesday as the company's CEO warned the industry downturn in the wake of the coronavirus pandemic could force a major airline out of business.

BUSINESS

Trump threatens to tax all China imports

The Associated Press, Published on 20/07/2018

» WASHINGTON: US President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs, sending US markets sliding before the opening bell Friday.

BUSINESS

Starbucks shuts 8,000 US stores for racial bias training

AFP, Published on 30/05/2018

» NEW YORK: Starbucks closed more than 8,000 stores on Tuesday to train around 175,000 employees against racial bias, an unprecedented public operation that highlights America's ongoing struggle with discrimination.

BUSINESS

Starbucks to educate staff against racial bias

AFP, Published on 27/05/2018

» NEW YORK: Can you teach employees not to be racist? Coffee giant Starbucks will shut stores around the United States on Tuesday to conduct an unprecedented training exercise at its more than 8,000 American outlets.