Business

General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.

European regulators on Tuesday began the timetable for a return of the Boeing 737 MAX to Europe's skies early next year after an almost twoyear flight ban caused by fatal crashes.

Google faces fresh regulatory scrutiny in Britain over plans to revamp its ad data system, after a group of competitors complained to regulators that the changes would cement the U.S. tech giant's online dominance.

A broad gauge of Asian shares edged up to record highs on Monday morning as hopes for imminent coronavirus vaccines buoyed investor sentiment, but worries over the impact of economic lockdowns and uncertainty over U.S. stimulus capped gains.

Europe's aviation safety regulator believes the Boeing 737 MAX is safe after a lengthy safety review and expects to clear the aircraft for commercial flights in January, its top official said in remarks broadcast on Saturday.

The United Nations shipping agency on Friday approved a ban on the use of heavy fuel oil in the Arctic region in a move criticised by green groups which said loopholes will allow many vessels to keep sailing without enough regulatory control.

An Indian central bank working group has recommended that large industrial houses be allowed to be bank promoters, meaning they can take significant stakes, something the central bank has strongly objected to in the past.

Millions of Americans who are working fulltime jobs still rely on federal health care and food assistance programs because of low wages, a bipartisan congressional watchdog says.

Presidentelect Joe Biden said Thursday that he has decided whom to nominate as his secretary of the Treasury Department.

Further, Pfizer and BioNTech said they have concluded phase 3 study of their mRNA-based COVID-19 vaccine candidate BNT162b2, meeting all primary efficacy endpoints.

ABB plans to offload three business units that generate $1.75 billion in sales, the Swiss engineering company said on Thursday, equivalent to 6% of its annual revenue.

The full terms of the agreements with Austria’s FACC Aerospace and Spain’s Aernnova Aerospace were still being finalised, the FT report said, citing a person familiar with Amazon’s plans.

Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor Co , on Wednesday said it plans to follow up its first two products, a fullsize pickup and SUV, with smaller models targeted at China and Europe where it may eventually build some...

Technology and health care companies led a late-afternoon sell-off on Wall Street Wednesday, wiping out early gains for stocks.

U.S. stocks closed steeply lower after a latesession selloff on Wednesday as investors weighed surging COVID19 infections and mounting shutdowns against encouraging vaccine developments.

Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID19 pandemic, the Institute of International Finance said in a report on Wednesday.