A strike among pilots at Scandinavian Airlines has entered its fourth day with the carrier being forced to cancel 1,213 flights Monday and Tuesday, affecting some 110,000 passengers. The flag carrier of Denmark, Norway and Sweden says more than 170,000 passengers have been affected since the open-ended strike started Friday. …
Uber Technologies Inc., the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and …
Wisconsin Gov. Tony Evers and Foxconn Technology Group officials are talking about making changes to the contract signed in 2017 that was based on constructing a larger display screen manufacturing facility than is now proposed. But neither side is giving details. So how might the deal be changed? And …
South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment. The shock contraction reinforced financial market views that the central bank is likely to make …
Facebook on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long …
Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in …
Vietnam this week just celebrated the fact it has survived nearly a millennium of independence from China, which previously ruled the smaller neighbor for nearly as long. Much is made of the ancient rivalry between the two sides — but there is far less attention, especially on the international stage, …
U.S. Treasury Secretary Steven Mnuchin on Tuesday failed to meet a final congressional deadline for turning over President Donald Trump’s tax returns to lawmakers, setting the stage for a possible court battle between Congress and the administration. The outcome, which was widely expected, could prompt House Ways and Means Committee …
A top White House economic adviser said on Tuesday the United States and China were making progress in trade negotiations and he was “cautiously optimistic” about the prospects for striking a deal. Speaking at a luncheon at the National Press Club, National Economic Council Director Larry Kudlow said the two …
The Justice Department on Tuesday announced indictments against two Chinese nationals accused of working together to steal trade secrets from General Electric. Xiaoqing Zheng pleaded not guilty Tuesday in U.S. federal court in Albany, New York. Co-defendant Zhaoxi Zhang is believed to be in China. Both are charged with economic …
Every month, when his respiratory medicine runs out, Dionysis Assimakopoulos heads to the most unlikely pharmacy in Athens. Amid derelict stadiums dating from the 2004 Athens Olympic Games, the volunteer-staffed social pharmacy of Hellinikon has handed out free medicine to hundreds of poverty-stricken patients, keeping some of them out of …
Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time. ShopRite will join the two retailers on the program early next week, said the U.S. …
The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump’s 2016 presidential campaign. Tabloid owner American Media said Thursday that it plans to …
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress …
The U.N. labor agency says existing methods of protecting workers from accidents and disease are not good enough to deal with new occupational hazards arising from changes in the nature of work. The International Labor Organization (ILO) is calling for revisions to address physical and psychological problems stemming from the …
Pakistan Finance Minister Asad Umar has resigned days after returning home from crucial talks with the International Monetary Fund (IMF) on a financial bailout package to avert a national balance of payments crisis. While formally announcing his decision to leave Thursday at a hurriedly arranged news conference in Islamabad, Umar …
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and economic growth in the first quarter. The surprise second straight monthly narrowing in the trade gap reported by the Commerce Department on …
A long-hidden trove of unpublished works by Franz Kafka could soon be revealed following a decade-long battle over his literary estate that has drawn comparisons to some of his surreal tales. A district court in Zurich upheld Israeli verdicts in the case last week, ruling that several safe deposit boxes …
China’s economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign that Beijing’s efforts to reverse a slowdown might be gaining traction. The world’s second-largest economy expanded by 6.4% over a year earlier in the three months ending in March, the government …
Argentine presidential hopeful Sergio Massa would renegotiate the country’s unpopular financing deal with the International Monetary Fund if he wins office later this year, the former congressman told reporters on Tuesday. The $56 billion IMF standby financing agreement includes fiscal cuts that have enraged wide segments of the public, denting …
Surrounded by vultures perched on trees awaiting their turn, Venezuelan migrants scrape out a living scavenging for metal, plastic, cardboard and food in a Brazilian border town’s rubbish dump. Trapped in a wasteland limbo, they barely make enough to feed their families and cannot afford a bus ticket to get …
A dispute between Haiti and a U.S. energy trading firm is leading to long blackouts and fuel shortages in the Caribbean nation, feeding anger at President Jovenel Moise’s government following the collapse of a supply deal with Venezuela last year. The capital Port-au-Prince’s fragile power grid was dealt a blow …
President Donald Trump is offering some unsolicited advice to Boeing, manufacturer of the troubled 737 Max jet. Trump tweeted Monday that if he were in charge of Boeing, he would “FIX” the plane, “add some additional great features, & REBRAND the plane with a new name.” He adds: “No product …
Ivanka Trump arrived in Addis Ababa, the capital of Ethiopia, Sunday for a summit on African women’s economic inclusion and empowerment. President Donald Trump’s daughter and senior adviser visited a coffee shop and textile company in Addis Ababa. She is there to promote a $50 million initiative enacted by her …
Cryptocurrency exchanges are growing in the Philippines, despite a downturn last year in the value of the virtual currencies, due to growing popular demand and lenience among regulators. Authorities in the developing Southeast Asian country have permitted at least 29 exchanges of cryptocurrency following three that the central bank said …
In a twist, China has announced that it has persuaded Malaysia to resume a canceled rail project worth $10.7 billion. The sudden about-face by Kuala Lumpur, which had earlier rejected the Chinese-funded project, will be a big boost for China ahead of a Belt and Road Forum in Beijing later …