The Covid-19 pandemic has caused a ‘savings glut' in the United States, which goes “completely against” policies designed to stimulate American economic growth, say Max Keiser and Stacy Herbert. “People...
July 2, 2020
The coronavirus pandemic is a public health crisis and until it's addressed, there will most likely be economic hardships ahead, said Pakistan's central bank governor Reza Baqir. Pakistan lifted a...
July 2, 2020
While most people have been struggling to keep their jobs during the worst economic crisis in recent history as a result of the coronavirus pandemic, Amazon founder and CEO Jeff...
July 2, 2020
The US economy added 4.8 million jobs in June, with the unemployment rate declining to 11.1 percent as business resumes. However, a surge in new infections is expected to slow...
July 2, 2020
Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US...
July 1, 2020
Recent editorials of statewide and national interest from Pennsylvania's newspapers: During fireworks season, we must obey law, use common sense and show courtesy The York Dispatch July 1 The Fourth...
July 1, 2020
An extraordinary stretch of news with the coronavirus pandemic and racial reckoning triggered by George Floyd's death has led CNN to its biggest audience for any three-month period in the...
July 1, 2020
Police officers and prosecutors have searched the offices of auto parts producer Continental as well as the premises of German automaker Volkswagen as part of a five-year-long diesel emissions probe....
July 1, 2020
Chinese-owned Swedish car manufacturer Volvo is recalling nearly 2.2 million vehicles worldwide over concerns that the seatbelts could be less effective over time. The recall is the biggest ever for...
July 1, 2020
The French government, which owns a stake in European aviation giant Airbus, wants the company to minimize forced layoffs after it announced plans to slash 15,000 jobs in the wake...
July 1, 2020
The coronavirus outbreak has been very costly to Asian economic development, the International Monetary Fund (IMF) said as it revised down its forecast for the region and warned of possible...
July 1, 2020
Freight trains crossed the Crimean Bridge for the first time on Tuesday, marking the official launch of regular freight rail service along the 19-km link connecting the peninsula with mainland...
June 30, 2020
There is a shortage of dollars in the global market, according to independent market adviser Hugh Hendry. He says US should look at the value of the national currency, instead...
June 30, 2020
Bayer, the company behind the controversial Roundup weedkiller after its takeover of Monsanto, has recently reached an agreement to put an end to most of the current and possible future...
June 30, 2020
The Indian government is reportedly considering excluding Chinese firms, including tech giant Huawei, from participating in the rollout of next-generation 5G networks, amid rising tensions between the two neighboring nations....
June 30, 2020
A new study by the University of Chicago found that during the pandemic, 68 percent of Americans are earning more on benefits than at work, living like the ‘free money...
June 30, 2020
Britain's economy has seen its largest contraction in more than four decades, according to figures from the Office for National Statistics (ONS). The nation's gross domestic product plunged further than...
June 30, 2020
China's manufacturing and services sectors expanded in June, beating last month's results and economists' expectations, but the coronavirus crisis still hinders economic recovery. The official manufacturing purchasing managers' index (PMI)...
June 30, 2020
Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup...
June 29, 2020
Authorities said one person was killed and two others injured in a targeted shooting Monday afternoon outside an Amazon warehouse in Jacksonville, Florida. Officials said two suspects got out of...
June 29, 2020
Authorities said one person was killed and two others injured in a targeted shooting Monday afternoon outside an Amazon warehouse in Jacksonville, Florida. Officials said two suspects got out of...
June 29, 2020
Gilead Sciences announced pricing plans for its coronavirus-fighting drug remdesivir. It will charge the US government and other developed countries $390 per vial, or about $2,340 for a typical five-day...
June 29, 2020
The Indian government is reportedly preparing an incentive scheme to support domestic car makers and components producers to grab a bigger share in the global auto market. In an attempt...
June 29, 2020
The first power-generating unit of the Wudongde Hydropower Station in China has been successfully put into operation on Monday. Wudongde is the world's seventh-biggest hydroelectric power plant, and the fourth...
June 29, 2020
Russia's data storage systems market enjoyed rapid growth in the first three months of 2020 despite the coronavirus pandemic, allowing domestic developer Yadro to outpace Chinese tech giant Huawei, a...
June 29, 2020
Fracking giant Chesapeake Energy has filed for bankruptcy amid soaring company debt driven by the collapse in oil prices. The Oklahoma City-based company said it had been forced to enter...
June 29, 2020
European plane maker Airbus is bracing for a huge drop in production, threatening to set development back 15 years, the company's chief executive, Guillaume Faury, says. “For the next two...
June 28, 2020
As the coronavirus pandemic paralyzed global travel, tourist flows have nearly halved in the first four months this year, the UN World Tourism Organization (UNWTO) has revealed. Instead of becoming...
June 28, 2020
The US air safety regulator will start test flights of Boeing's troubled 737 MAX next week, according to reports. The planes were grounded worldwide after two fatal crashes that were...
June 28, 2020
Just months after entering the European market, Russian online retailer Wildberries plans to become an е-commerce leader on the continent, CEO Tatyana Bakalchuk has revealed. Founded by the former English...
June 28, 2020
Just months after entering the European market, Russian online retailer Wildberries plans to become an е-commerce leader on the continent, CEO Tatyana Bakalchuk has revealed. Founded by the former English...
June 27, 2020
S&P Global Platts and Argus Media will launch new benchmarks for pricing US crude oil that is being exported to replace the West Texas Intermediate benchmark. WTI serves as a...
June 27, 2020
After Russia, Iran and Qatar, the US has the world's greatest natural gas reserves. But unlike those other countries, it has trouble building pipelines, threatening its ability to supply domestic...
June 27, 2020
A new survey by the International Trade Centre (ITC) has found that international trade dropped across all four quarters of 2019, with declines intensifying in early 2020 in a “ripple...
June 27, 2020
For decades, Bloomington-based medical-device maker Cook Group kept a somewhat low profile. The company employed thousands of locals and was deeply involved in downtown revitalization programs, yet was seen by...
June 27, 2020
Today in History Today is Saturday, June 27, the 179th day of 2020. There are 187 days left in the year. Today's Highlight in History: On June 27, 1991, Supreme...
June 26, 2020
Elon Musk's Tesla Inc. has been sued over a crash last year in which the company's Model 3 malfunctioned and left its driver with brain damage. Company founder Musk has...
June 26, 2020
Elon Musk's Tesla Inc. has been sued over a crash last year in which the company's Model 3 malfunctioned and left its driver with brain damage. Company founder Musk has...
June 26, 2020
The volume of German companies' direct investment in the Russian economy amounted to €1.8 billion ($2 billion) in the first quarter of 2020, according to the Russian-German Chamber of Commerce....
June 26, 2020
Too late to the game: RT’s Boom Bust tries to work out why Microsoft shut down its streaming service
US technology giant Microsoft has announced it will be shutting down its live-streaming platform Mixer and attempting to move viewers and broadcasters to Facebook gaming. Boom Bust talks to Professor...
