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Updated: 3 years 44 weeks ago
U.S. FAA chief to testify at hearing on jet certification after 737 MAX crashes
The head of the Federal Aviation Administration is set to testify on Wednesday before a Senate committee on the safety certification of jetliners like Boeing Co's 737 MAX, still grounded after fatal crashes.
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UK's Supreme Court rules against Mastercard, Visa in retailers' fees battle
Britain's highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa and Mastercard restricted competition in the way they set fees for retailers, opening the way for them to seek compensation.
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Trade war? U.S. battle over kitchen cabinets really a domestic dispute
The anti-China trade mood has reached U.S. kitchens, where a battle is being waged over competing visions of where and how cabinets should be made.
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Stocks grind higher as recovery hopes stand firm
Europe's shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery holding firm against a resurgence of global coronavirus cases.
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Wall Street set to extend three-day rally on recovery hopes
Wall Street's main indexes were set to open higher on Wednesday, building on their three-day rally as signs of more official stimulus supported hopes of an economic recovery, even as six U.S. states saw a record rise in new coronavirus cases.
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PepsiCo's Aunt Jemima brand to change name, logo: NBC News
PepsiCo Inc's Aunt Jemima pancake mix will change its name and image in an effort by the brand to distance itself from racial stereotypes, NBC News reported on Wednesday.
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Wall Street rally wins more fans as economy hints at recovery
Record upside surprises in U.S. economic data are bolstering the case for a “V” shaped recovery from the COVID-19 recession and boosting investor confidence in a stock rally that has already delivered hefty gains in recent months.
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Dollar regains ground as investors take refuge from murky outlook
The U.S. dollar rose from early lows on Wednesday as investors wary of wider geopolitical risks sought its relative safe haven.
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Special delivery: activists urge France to rein in Amazon
Environmental campaigners delivered a 12-foot (3.6-metre) tall mock-up of an Amazon parcel to the French finance ministry on Wednesday to demand that the government rein in the e-commerce giant's expansion in France.
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New U.S. Huawei rule targets standards, security concerns remain: Ross
A new U.S. rule regarding China's Huawei Technologies Co Ltd is a needed "clarification" to help develop standards, U.S. Commerce Secretary Wilbur Ross said on Wednesday, adding that security concerns remain over the telecoms equipment maker.
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German Fin Min Scholz sees no danger of Lufthansa rescue deal collapse
German Finance Minister Olaf Scholz said on Wednesday a bailout deal for airline Lufthansa was a good, balanced solution which he hoped shareholders would approve, adding he did not think the agreement was in danger of collapse.
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Oil falls on fears of rising COVID-19 cases
Oil fell on Wednesday on fears over fresh outbreaks of COVID-19, but prices drew some support from stimulus measures and positive tests of a drug that could save some critically ill patients.
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Coronavirus turmoil fuels the rise of AI-powered companies
For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains.
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U.S. commerce chief: Huawei rule is a 'clarification' - Fox Business Network
A new U.S. rule regarding China's Huawei Technologies Co Ltd is a needed "clarification" to help develop standards, U.S. Commerce Secretary Wilbur Ross said on Wednesday, adding that security concerns remain over the telecoms equipment maker.
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Stocks grind higher on recovery hopes
Europe's shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases.
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Futures inch higher on hopes of quick economic revival
U.S. stock index futures rose on Wednesday as signs of more official stimulus supported hopes of an economic recovery from a coronavirus-led slump, even as six U.S. states saw a record rise in new COVID-19 cases.
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Lufthansa warns its $10 billion bailout deal is in jeopardy
German airline Lufthansa warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support at a shareholder vote on June 25.
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May flowers: Where the U.S. retail blooms are and are not
No denying May's $73 billion rebound in U.S. retail sales was an eye-popper and is the latest fodder to fuel the red-hot "V" vs "U" debate about what kind of recovery to expect from the COVID-19 recession.
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Employee union Unite says to oppose compulsory job losses at HSBC
Employee union Unite said it will oppose any compulsory job losses within HSBC and "work vigorously to ensure staff are heard and their jobs protected", after the bank dusted off plans to axe as many as 35,000 roles worldwide.
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HSBC revives 35,000 job cut plan after pandemic pause
HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe's biggest bank grapples with the impact on its already falling profits.
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