Business
Zuckerberg Says Facebook Erred In Not Removing Militia Post
Facebook made a mistake in not removing a militia group's page earlier this week that called for armed civilians to enter Kenosha, Wisconsin, amid violent protests after police shot Jacob Blake, CEO Mark Zuckerberg says.
UAE Scraps Israel Boycott In New Step Towards Normal Ties - State News Agency
The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE's state news agency reported on Saturday.
Oil Prices Dip As Producers, Refiners Avoid Worst Of Hurricane
Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies were beginning to restart operations.
In A Week Of Layoffs, MGM Resorts Adds 18,000 More
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across numerous U.S. industries, particularly those that really on healthy crowds of people.
Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data
In the previous fortnight ended July 31, 2020, bank credit grew 5.51 per cent while deposits witnessed a growth of 11.11 per cent.
India Placed 72nd on Global List with Average Monthly Wage of Rs 32,800: Report
Switzerland, where the average wage converted into rupees amounts to Rs 4,49,000 (USD 5,989), topped the ranking, while in Cuba the average wage is the lowest at Rs 2,700 (USD 36), it said.
Post World Bank's Decision to Pause Report, Niti Aayog Says Efforts On To Take India's Business Climate To Top
A number of irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports, published in October 2017 and 2019. The changes in the data were inconsistent with the Doing Business methodology, the...
In Wake Of Shootings, Retailers Respond To Consumer Interest In Black-owned Businesses
A day after the shooting of Jacob Blake in Kenosha, Wisconsin, searches for the term "Blackowned businesses" began to surge on Google Trends, as social media users called out for suggestions on where to spend their money in a way that supported the Black...
Japan Automakers Post 12% Slide In July Global Vehicle Sales
Global sales at Japanese automakers slipped 12.2% in July from last year, the fifth straight month of losses, as demand for cars remains sluggish after factories and dealerships reopened following coronavirusrelated lockdowns earlier this year.
Oil Drifts Down As U.S. Producers, Refiners Avoid Worst Of Storm
Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
Asian Stocks May Be Choppy Despite U.S. Fed Inflation Shift, COVID Outlook
Asian equities are likely to have a bumpy ride on Friday after U.S. stocks scaled new peaks for a third straight day and bond yields surged on the Federal Reserve's averageinflation strategy, as well as a promising development in curbing the coronavirus p...
United Airlines Announces Biggest Pilot Job Cut In Its History
United Airlines is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid.
Explainer: What Is The Fed's New Policy Framework, And Why Does It Matter?
Here are five things to know about the Federal Reserve's new strategy for achieving stable prices and maximum employment. The landmark policy shift was announced on Thursday.
Europe Air Safety Regulator To Start 737 MAX Flight Tests From September 7
The European Union Aviation Safety Agency (EASA) said on Thursday it plans to begin flight tests of U.S. planemaker Boeing Co's 737 MAX plane in Vancouver, Canada, in the week starting Sept. 7.
Crude Oil Or Cooking Oil? For Some U.S. Refiners, It's Now A Choice
Refiners have always produced fuel using crude oil. Now some are using grease.
Sensex, Nifty End Higher Before Fed Event; Real Estate Stocks Jump
Indian shares settled higher for a fifth straight session on Thursday, driven by gains in financial and real estate stocks as the focus turned to a speech by the U.S. Federal Reserve chairman later in the day.