Business & Finance News
U.K.-based multinational groceries chain Tesco PLC has found abuses against migrant workers at its stores and distribution centres in Malaysia and Thailand, it said in its annual modern slavery statement.
Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup , according to a U.S. regulatory filing.
China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei.
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing , Facebook and Citigroup , according to a U.S. regulatory filing.
The U.S. Federal Reserve warned Friday that the financial sector faces “significant” vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances for the foreseeable future.
Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.
Amazon.com Inc said on Friday it would make an “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers’ data.
Amazon.com Inc said on Friday it would make the “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers’ data.
The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 billion emergency loan program to help small businesses hurt by the novel coronavirus, two people with knowledge of the matter told Reuters.
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses.
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China’s Huawei, a senior U.S. official said.
A group of state attorneys general led by Texas are likely to -file an antitrust lawsuit against Alphabet Inc’s Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.
The United States has not given any assurances to Taiwan Semiconductor Manufacturing Co Ltd that it will grant it a license so it can sell U.S. technology to China’s Huawei, which Washington has blacklisted, Keith Krach, Undersecretary for Economic Growth, Energy and the Environment at the State Department said on Friday.
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s recent threats to move Tesla, the electric carmaker that he also runs, out of the state.
U.S. stocks gyrated on Friday before ending slightly higher, as investors worried about increased China-U.S. trade hostilities and disappointing retail sales figures, while signs of a pick-up in crude demand boosted oil prices.
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