Markets

SEATTLE: Boeing Co's communications chief Niel Golightly has resigned his position, the company said on Thursday (Jul 2), following an employee's complaint over an article the former US military pilot wrote 33 years ago arguing women should not serve in combat. "My article was a 29-year-old Cold ...

Boeing Co's communications chief Niel Golightly has resigned his position, the company said on Thursday, following an employee's complaint over an article the former U.S. military pilot wrote 33 years ago arguing women should not serve in combat.

Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that a love affair with small biotech firms might be ending after the sector’s best quarter in almost 20 years.

MADRID: Prime Minister Pedro Sanchez on Thursday (Jul 2) said fiscal reform was "inevitable" if Spain was to deal with the economic crisis triggered by the coronavirus pandemic, pointing to tax hikes, notably for larger companies. Sanchez also pledged 9.0 billion euros (US$10.1 billion) for ...

Federal Reserve Chair Jerome Powell continued to talk regularly with Treasury Secretary Steven Mnuchin and key U.S. lawmakers in May as the United States began to turn the corner on the economic fallout from the coronavirus pandemic, Fed records released on Thursday showed.

MADRID: Spain's top criminal court fined four former employees of Chinese mega-bank ICBC 22.7 million euros (US$25.5 million) on Thursday (Jul 2) and handed them brief jail terms for laundering millions of euros for Chinese criminal groups. The four included two senior executives of the Spanish ...

WASHINGTON, DC: The US economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment cheques in the middle of the month, and a resurgence in COVID-19 cases suggested the labour market could suffer a setback in July ...

WASHINGTON: The Senate Judiciary Committee unanimously voted to approve a bill aimed at ending the spread of online child sexual abuse material after attempting to address concerns from U.S. tech companies that the proposed law goes too far to weaken privacy protections for ordinary users. Tech ...

EU regulators are checking whether Google's purchase of Fitbit might allow it to drive rival makers of wearable devices, app developers and other online service providers out of the market, and boost its dominance in online advertising and search.

French unions and regional leaders urged Airbus on Thursday to step back from a Big Bang restructuring as workers across Europe waited for a factory-by-factory breakdown of 15,000 job cuts brought about by the coronavirus pandemic.