Markets

SAO PAULO: Over a thousand food deliverymen on motorcycles gathered in Sao Paulo on Wednesday (Jul 1) to protest their work conditions, set by Uber and other apps, with their services in high demand due to coronavirus lockdowns. The drivers seek better pay and improved health measures, with Brazil...

Investors are increasingly preparing for market volatility ahead of the U.S. presidential election, with some shifting stock positions and selling the dollar, as Democratic contender Joe Biden maintains a lead against President Donald Trump in opinion polls.

U.S. President Donald Trump said on Wednesday he will have a statement on the minimum wage in the next two weeks, adding that his view on the issue is different than some fellow Republicans.

Uber Technologies Inc on Wednesday extended indefinitely a requirement for drivers and riders on its platform to wear a face covering or mask and launched a new campaign video to educate users about the policy.

U.S. President Donald Trump said on Wednesday he supports another coronavirus stimulus bill but wants it to include incentives for Americans to go back to work, setting up a clash with Democrats in Congress over jobless benefits.

Federal Reserve policymakers agreed broadly to make full use of the tools at the central bank's disposal to help foster a recovery from the recession triggered by the coronavirus pandemic, minutes of the U.S. central bank's last policy meeting showed.

Alitalia on Wednesday resumed international flights from Milan as Italy gradually reopens its airports to foreign travellers and scraps restrictions imposed to contain the coronavirus outbreak.

SAN FRANCISCO: San Francisco Federal Reserve Bank President Mary Daly on Wednesday (Jul 1) painted a grim picture of the US economic outlook, saying that even under her best-case scenario unemployment will still top 10 per cent at year's end and won't return to pre-crisis levels for four or five ......

REUTERS: Procter & Gamble said Wednesday that it will not make any announcements about its activities on advertising platforms, in response to a question about whether it will join the growing advertising boycott against Facebook. "Our approach has been to not to make public declarations of where ...

WASHINGTON, DC: US private payrolls increased less than expected in June and employers announced more than 170,000 layoffs, strengthening views that the labour market and broader economic recovery from the COVID-19 pandemic would be a long slog. The recovery is also under threat from surging ...