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NEW YORK: Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
SHANGHAI: The increasing output and expanding use of clean energy in China have continuously reduced the share of coal consumption in overall energy consumption, the National Bureau of Statistics (NBS) said in its annual communique released recently
PARIS: Boeing Co has raised concerns over the design of arch-rival Airbus' newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks
WASHINGTON: A fresh initiative in the US Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a sceptical reaction among economists including a top adviser to former President Barack Obama.
AS vaccines begin to roll out, there is increasing awareness that vaccines are not the silver bullets to kill the pandemic.
BITCOIN slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerising rally.
LONDON: Saudi Arabia and Russia are once again heading into an Organisation of the Petroleum Exporting Countries Plus (Opec+) meeting on opposite sides of a crucial debate about the oil market.
WASHINGTON: Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept higher inflation, and also the need to "stay vigilant" for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank's Jan. 26-27 policy meeting.