United Airlines slashes domestic, international flying as demand slides on coronavirus
United Airlines Holdings Inc is reducing U.S. and Canadian flights by 10% and international flying by 20% in the month of April and eyeing similar cuts in May in some of the most drastic measures announced to date by a U.S. airline in response to fall…
Huawei pleads not guilty to new U.S. criminal charges in 2018 case
China’s Huawei Technologies Co Ltd, the world’s largest telecommunications equipment maker, on Wednesday pleaded not guilty in a New York federal court to new charges in a 2018 case against the company.
Data show U.S. economy on solid footing as coronavirus fears mount
U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Rese…
Wall Street jumps as Biden takes the lead
Wall Street surged on Wednesday as former Vice President Joe Biden’s strong showing in the “Super Tuesday” primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors’ coronavirus anxieties.
U.S. businesses show growing concern over impact of coronavirus, Fed survey shows
There are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on Wednesday showed, even as the U.S. economy expanded at a modest to moderate pace over the pas…
New BoE boss Bailey does not back immediate virus rate cut
The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday.
Family clan members back Volkswagen CEO’s electric strategy: Bild
Wolfgang Porsche and Hans-Michel Piech, members of the family which controls German carmaker Volkswagen , fully support the shift towards electric cars being driven by Chief Executive Herbert Diess, they told the Bild newspaper.
IMF chief says coronavirus wipes out hopes for stronger growth in 2020
The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding a third of the Fund’s 189 member countries were now affected.
New BoE boss Bailey says won’t back immediate virus rate cut
The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday.
Follow the Fed? Why central banks will not be rushed on coronavirus response
Will the world’s big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They are certainly going to try.
