June 16, 2020

SoftBank-backed ride-hailing firm Grab announces layoffs

Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus. Powered by WPeMatico
June 16, 2020

U.S. expected to report record rise in monthly retail sales

U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction […]
June 16, 2020

Oil prices drop as rise in coronavirus cases stokes fuel demand fears

Oil prices slid on Tuesday on lingering concerns over the threat to fuel demand from the resurgence of new coronavirus infections around the world, though hopes […]
June 16, 2020

Two former Pinterest policy employees say they faced racism at work

Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the […]
June 16, 2020

Exclusive: Chesapeake Energy to file for bankruptcy as soon as this week – sources

Chesapeake Energy Corp is preparing to file for bankruptcy as soon as this week, said three people familiar with the matter, becoming the largest oil and […]
June 16, 2020

U.S. companies can work with Huawei on 5G, other standards: Commerce Department

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow […]
June 16, 2020

Huawei CFO raises new argument to fight U.S. extradition in Canada court

Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on […]
June 15, 2020

U.S., China to each allow four weekly flights for airlines; Delta to fly next week

The United States and China will each allow four weekly flights between the two countries, the U.S. Transportation Department said on Monday, easing a standoff on […]
June 15, 2020

JPMorgan to bring back more traders to office next week: source

JPMorgan Chase & Co plans to start returning more traders and sales staff to its Manhattan headquarters starting next week with volunteers, a source familiar with […]
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