US job growth seen slowing in August, unemployment rate falling below 10per cent

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U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy's recovery from the COVID-19 recession. [caption...

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Business News

Virgin Australia creditors approve airline’s purchase by Bain Capital

September 3, 2020September 3, 2020

[caption id="attachment_10415" align="alignnone" width="980"] FILE PHOTO: A rainbow from a passing rain shower sits over Virgin Australia aircraft at Sydney's Airport in Australia, Aug 5,...

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Business News

Amazon Japan submits improvement plan to regulators: Report

September 3, 2020September 3, 2020

[caption id="attachment_10393" align="alignnone" width="974"] FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, Aug. 8, 2016. [/caption] TOKYO: Amazon Japan...

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Business News

Four state attorneys general back Trump on social media regulation push

September 3, 2020September 4, 2020

Four Republican state attorneys general led by Texas backed President Donald Trump's push to narrow the ability of social media companies to remove objectionable content...

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Business News

Match Group says US Department of Justice closes probe into FTC complaint

September 3, 2020September 3, 2020

NEW YORK: Match Group Inc said on Thursday (Sep 3) the US Department of Justice has closed its investigation relating to a lawsuit filed by...

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Business News

US Justice Department’s Google lawsuit expected in weeks ahead: Source

September 3, 2020September 3, 2020

[caption id="attachment_10390" align="alignnone" width="977"] FILE PHOTO: A Google logo is shown at one of the company's office complexes in Irvine, California, United States, July 27,...

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Business News

Hong Kong financial firms step up compliance hiring amid US sanctions, security law

September 3, 2020September 3, 2020

FILE PHOTO: A Star Ferry boat crosses Victoria Harbour in front of a skyline of buildings during sunset. Hong Kong, China June 29, 2020. ...

Business News

Oil industry placing risky bet on plastics: Report

September 3, 2020September 3, 2020

[caption id="attachment_10383" align="alignnone" width="930"] Concerns over plastic use has led some governments to restrict single-use plastics and impose recycling targets. [/caption] LONDON: Big oil producers...

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Business News

Virgin Atlantic to cut over 1,000 more jobs as demand languishes: Sky News

September 3, 2020September 3, 2020

[caption id="attachment_10400" align="alignnone" width="969"] FILE PHOTO: A Virgin Atlantic tailfin and nose livery seen at Heathrow airport, London, Britain, May 5, 2020. [/caption] LONDON: Virgin...

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Business News

German prosecutors drop probe into FT over Wirecard

September 3, 2020September 3, 2020

[caption id="attachment_10406" align="alignnone" width="965"] The logo of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is pictured at...