The U.S. Justice Department is examining whether German payment company Wirecard AG played a critical role in an alleged US$100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.
Airbus deliveries rose 50per cent in June compared with May and reached their highest level since the coronavirus crisis spread to Europe in March, but the accelerating recovery failed to prevent first-half deliveries from sliding to a 16-year low.
Huawei’s business has been hit by international sanctions, but the world needs Huawei more than it realises, says IMD Business School’s Mark Greeven.
BUYERS of Toyota and Lexus cars now have another financing alternative for their car loans, with options to pay zero instalments for the first year as well as zero down payments.
More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based Johnson’s Baby Powder world-wide, citing concerns that it contains cancer-causing asbestos, according to a statement from advocacy group Black Women for Wellness.
U.S. drugmaker Johnson & Johnson aims to begin clinical testing of its COVID-19 vaccine in the coming weeks and produce billions of doses in 2021, chief executive officer Alex Gorsky said on Wednesday, but cautioned that it will take more than one vaccine to rein in the virus.
Facebook Inc on Wednesday suspended a network of social media accounts it said were used to spread divisive political messages online by employees of Brazilian President Jair Bolsonaro and two of his sons.
U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority.
Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.
A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations.
