Category: Business

Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. Tokyo’s Nikkei 225 index dropped as much as 2% and shares fell in most other markets. Investors were disappointed with remarks by Federal Reserve Chair Jerome Powell on Thursday when he said inflation will likely pick up in the coming […]

China, the world’s biggest emitter of greenhouse gases, announced generally moderate new energy and climate targets on Friday that give little sign that it will step up its pace in combatting climate change. On a smoggy day in Beijing, Premier Li Keqiang said the country will reduce carbon emissions per unit of economic output by […]

Airbus SE (AIR.PA) is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday. The move affects wing plants in Broughton, U.K., and Bremen, Germany. Airbus, whose main industrial operations are shared between […]

Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread of the coronavirus. Without a paycheck indefinitely, Nelson is one of potentially tens of millions other Americans whose livelihoods are now in doubt because of the coronavirus pandemic. The number […]

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in U.S. history. The weekly jobless claims report […]

A Wall Street rally led global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimuli to come. The legislation is intended to flood […]