Business & Finance News
Carbon offsetting, already a multi-billion dollar industry, will get a major boost from the launch of an international scheme to offset aviation emissions, called CORSIA, in 2021.
Volkswagen on Tuesday rejected claims it had engaged in anti-competitive behavior after parts supplier Prevent Group sued the German carmaker in the U.S. District Court in Detroit.
Retail heavyweights Kohl’s Corp and Home Depot Inc sent a shiver through Wall Street on Tuesday, lodging weak results and annual forecasts that cast more doubt on the health of the U.S. consumer ahead of the crucial holiday shopping season.
The U.S. Federal Reserve has interest rates at the appropriate level for the U.S. economy but risks to the economic outlook are still tilted downwards, New York Federal Reserve President John Williams said on Tuesday.
Financial regulations put in place following the 2008 financial crisis may have contributed to recent ructions in short-term lending markets, New York Federal Reserve President John Williams said on Tuesday.
The S&P 500 and the Dow Jones Industrial Average retreated after touching record highs on Tuesday, hit by dour forecasts from retailers Home Depot and Kohl’s.
South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, with no prospect of more money from the government.
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.
Emirates, the largest customer of Boeing’s upcoming 777x aircraft, wants the plane to be put through “hell on Earth” in testing to ensure it is safe to fly and meets performance expectations, the president of the Gulf airline said on Tuesday.
ConocoPhillips unveiled a 10-year plan on Tuesday and said it would target free cash flow of about $50 billion with annual capital spending averaging less than $7 billion over the next decade.
Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.
Wall Street’s main stock indexes opened at record highs on Tuesday on continued optimism that the United States and China would put an end to their damaging trade war, despite a slide in retail stocks after dour forecasts from Home Depot and Kohl’s.
Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government.
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Wall Street was set to hit another record high at the open on Tuesday on continued optimism that Washington and Beijing would agree on a deal to end a damaging trade war that has posed one of the biggest risks to global economic growth.
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