Thursday, 28 Mar 2024

Business

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Johnson promises Brexit in time for Christmas as he unveils manifesto

British Prime Minister Boris Johnson has pledged to ‘get Brexit done’ by Christmas if he is re-elected. The Conservative Party leader intends to bring his Withdrawal Agreement back to the House of Commons next month in order to have it finally passed by MPs. His promise is based on the assumption that he can win […]

Asia shares bounce, hope for best on U.S.-China trade

SYDNEY (Reuters) – Asian shares made guarded gains on Monday as investors braced for another week of likely conflicting commentary on the Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.26%, after losing 0.4% […]

Tesla Cybertruck ‘influenced by The Spy Who Loved Me’ – Musk

Tesla has shown off its latest planned model – a futuristic pickup truck design “influenced” by James Bond movie The Spy Who Loved Me, according to Elon Musk. The company’s founder and chief executive took to the stage in California to unveil the Cybertruck. Tesla’s first pickup truck, he had said in advance, was partly […]

U.S. senators urge Trump administration to halt Huawei license approvals

WASHINGTON (Reuters) – A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co, saying it could threaten U.S. security. HWT.UL In a letter on Thursday to President Donald Trump, the senators said the administration should halt issuing licenses until […]

Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

WASHINGTON (Reuters) – A possible purchase by brokerage giant Charles Schwab Corp. (SCHW.N) of rival TD Ameritrade (AMTD.O) reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said. CNBC and Fox Business reported on Wednesday that the two brokerages were in talks to […]

U.S. labor market slowing; manufacturing mired in weakness

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. While other data on Thursday showed a mild pick up in factory activity in the mid-Atlantic region this month, manufacturers reported a sharp slowdown in new orders, […]

Leading AARP, With No Plans to Retire

Jo Ann Jenkins could have called it quits. She had worked in various posts in the federal government long enough to qualify for retirement, and she would have enjoyed a comfortable life unencumbered by a day job. Instead, like so many of her contemporaries, she kept working. After roles at the Library of Congress and […]

Germany fines BMW, Daimler, Volkswagen for forming steel cartel

BERLIN (Reuters) – Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW (BMWG.DE), Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE) – a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases. The carmakers unlawfully coordinated on the prices they paid for steel from suppliers, […]

British Airways flights disrupted by ‘technical issue’

British Airways has admitted disruption to flights caused by a “technical issue” that has led to thousands of passengers facing delays. The airline said overnight that a small number of planes were affected by the glitch – the latest in a series of PR headaches for the carrier caused by apparent computer system woes. But […]

Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook

TOKYO (Reuters) – Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a “phase one” deal that investors had initially hoped to be inked by now. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.16% while […]