Category: Business

Three new U.S. stock exchanges are set to launch by the end of September, vying for market share against incumbents like the New York Stock Exchange and Nasdaq Inc (NDAQ.O), which have benefited from elevated trading volumes during the coronavirus pandemic. Silicon Valley-based Long Term Stock Exchange (LTSE) goes live on Aug. 28, starting with […]

1/ POWELL TAKES (VIRTUAL) CENTRE STAGEA lot has been riding on the Fed in recent months: risk assets have surged on the back of its do-whatever-it-takes approach to propping up the economy with asset purchases and zero-bound rates during the pandemic crisis. Now a key challenge is how to spur inflation. Fed Chair Jerome Powell […]

British Airways is increasingly likely to face strike action this autumn, as the trade union representing cabin crew said that new contracts offered to the airline’s remaining staff did not offer enough stability and could cut pay substantially. Unite, the trade union, first threatened BA with strike action in July. After a union meeting on […]

One of the world’s leading investor groups pushing for more corporate action on climate change said it has added Mexican state-owned oil company Petroleos Mexicanos (Pemex)[PEMX.UL] to its list of targets. Climate Action 100+, whose 450 members manage more than $40 trillion in assets and focus on engaging with companies which produce high levels of […]

Facebook is a non-partisan platform which denounces hate and bigotry, the company’s India head said on Friday, amid a controversy over how the U.S. social media giant regulates political content in its biggest market by number of users. Facebook and its top lobbying executive in India, Ankhi Das, have faced criticism after a news report […]

Ryanair (RYA.I) plans to cut significantly fewer jobs than the 3,000 it originally estimated, after 97% of pilots and over 90% of cabin crew have signed up so far to pay cuts and work practice changes, its director of operations said on Friday. Europe’s biggest budget airline had warned it would have to cut one […]

Facebook Inc (FB.O) on Friday pushed for legislation that makes it easier for users to transfer photos and videos to a rival tech platform, in comments it sent to the Federal Trade Commission ahead of a hearing on the topic on Sept. 22. Data portability – considered a potential remedy for large technology companies whose […]