Automaker trade backs U.S. on effort to weaken fuel efficiency rules
A group representing many major automakers on Friday backed the Trump administration’s decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.
Delta to provide care kit containing masks to passengers
Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit containing a disposable face mask and a Purell hand sanitizer gel will be available on request at ticket coun…
Hong Kong tensions rattle world stock markets, oil tumbles
Oil prices tumbled and global equity markets fell on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.
U.S. adding 33 Chinese companies, institutions to economic blacklist
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.
Wall Street ends mixed as China-U.S. tensions weigh
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
Oil falls on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.
All 50 U.S. states shed jobs in April: Labor Department
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
Italy Economy Minister confident government, Fiat can complete state-backed loan
Italy’s Economy Minister Roberto Gualtieri said on Friday he was confident the government and Fiat Chrysler would be able to complete a deal over a state-backed loan for the carmaker.
Explainer: How ending Hong Kong’s ‘special status’ could affect U.S. companies
New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony’s “special status” under U.S. law, a move that would have far-reaching trade and investment implications.
Wall Street mixed as China-U.S. tensions weigh
Wall Street was mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.
