Airlines urge regulators to extend airport slots waiver
Airlines are urging aviation regulators to extend a waiver on airport slot rules as they struggle to overcome the coronavirus crisis, their main international body said on Tuesday.
Futures jump after record rise in monthly retail sales
U.S. stock futures rose sharply on Tuesday after data showed a record jump in retail sales in May, far above expectations, as Americans resumed spending after weeks of lockdown, underscoring views that the worst of the coronavirus impact was over.
Amazon to use AI tech in its warehouses to enforce social distancing
Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new coronavirus among its workers.
EU executive to partly shield WTO candidate Hogan from public view
EU trade chief Phil Hogan will limit public appearances after he put himself forward as a possible candidate to become the next head of the World Trade Organization, the European Commission said on Tuesday.
Apple’s App Store, Apple Pay targeted by EU antitrust regulators
Apple is being investigated by EU antitrust regulators over its App Store and mobile payment system Apple Pay as the bloc turns up the heat on gatekeepers of online platforms on which thousands of companies depend for business.
Renault to cut 1,500 engineering jobs in France: union source
French carmaker Renault plans to cut 1,500 engineering jobs in France, a trade union source told Reuters on Tuesday.
Did elite David Boies law firm get a pandemic bailout? It’s a secret
When the U.S. government announced a multibillion-dollar bailout of struggling small businesses amid the coronavirus pandemic, one of the top U.S. law firms sensed an opportunity.
U.S. health insurers may balk at paying for coronavirus antibody testing
U.S. health insurers may balk at covering tests that look for coronavirus antibodies in some cases, arguing that employers or the government should foot a bill expected to run into billions of dollars.
Futures jump on stimulus hopes ahead of retail sales report
U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the COVID-19 pandemic, with investors also expecting a record rebound in May retail sales.
Apple says disappointed with EU antitrust investigations
Apple on Tuesday accused a few companies of filing groundless complaints and criticised EU antitrust regulators for listening to them and opening two investigations into its Apple Pay and App Store.
