The end on Thursday of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.
Facebook Inc and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source.
Asian markets marked time on Thursday with two major centers - Japan and China - shut for holidays while the dollar held on to overnight gains after the U.S. central bank poured cold water on rate cut expectations.
PG&E Corp on Wednesday sought court approval for a US$105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.
NEW YORK: The family of a California man killed in a Tesla has filed a wrongful death lawsuit against the company, blaming Tesla's self-driving technology as "defective," attorneys said Wednesday (May 1). The lawsuit, filed on Apr 26 in California Superior Court, asserts that the March 2018 death ...
COPENHAGEN: Negotiations have resumed between Scandinavian airline SAS and its striking pilots, a mediator said on Wednesday (May 1), as hundreds more flights were cancelled due to the strike action which has affected over 380,000 passengers. It is the first time both sides have sat down together ...
Some estimates suggest almost four in 10 pigs in China may be culled by the time the country completes its purge of swine flu, says Tom McGregor.
NEW YORK: Wall Street stocks finished lower on Wednesday (May 1) after the Federal Reserve kept interest rates unchanged, while Apple surged on better-than-expected profits. The Dow Jones Industrial Average dropped 162.77 points (0.61 per cent) to 26,430.14. The broad-based S&P 500 tumbled 22.10 ...
REUTERS: Qualcomm Inc on Wednesday forecast current-quarter revenue largely below Wall Street targets, excluding a settlement payment from Apple Inc, sending its shares down 3 percent in after-hours trading. The gloomy forecast comes a day after Apple said sales in China, the world's largest ...
The U.S. House Transportation and Infrastructure Committee is tentatively planning a May 15 hearing on the now grounded Boeing 737 MAX and the Federal Aviation Administration's aircraft certification program, three people briefed on the matter said on Wednesday.
