Economy

Most viewed

In already precarious industry, US musicians struggle for health care
In already precarious industry, US musicians struggle for health care

In 2019, American musician Jon Dee Graham suffered a heart attack that left him "dead" for several minutes -- a scare that inspired his album, "Only Dead For a Little While." Graham suffered an infection following spinal surgery that's developed into sepsis, and his son said he needs intravenous antibiotic treatments twice daily.

by  AFP

Economy Latest News

Trump suggests lower China tariff, says 80% 'seems right!'
Trump suggests lower China tariff, says 80% 'seems right!'
by  AFP

US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks over the weekend. Chinese official data on Friday showed that the country's global exports rose in April despite the trade war.

British Airways owner unveils big Boeing, Airbus order
British Airways owner unveils big Boeing, Airbus order
by  AFP

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty. The orders are in addition to those exercised in March for 12 Airbus and six Boeing planes, bringing the total number announced Friday to 71.

Japan's Panasonic targets 10,000 job cuts worldwide
Japan's Panasonic targets 10,000 job cuts worldwide
by  AFP

Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. Job cuts would be needed "in order for us to perform at a competitive level against other firms", he told the Nikkei.

German lender Commerzbank's profits jump as it fends off UniCredit
German lender Commerzbank's profits jump as it fends off UniCredit
by  AFP

German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit. Commerzbank's bosses are set to use an annual general meeting next Thursday to rally support for their strategy to remain independent.