More Americans applied for jobless aid last week, though the number of people seeking benefits remains near historic lows pointing to a healthy job market. THE NUMBERS: Weekly unemployment applications rose by 10,000 to 244,000, the Labor Department said Thursday. …
China plans to raise the speed of its bullet trains back up to 350 kph (217 mph), state media reported on Thursday, six years after a deadly high-speed rail crash prompted authorities to slow trains across the country. Trains on …
Intel’s more than two decade-long reign as the king of the silicon-based semiconductor is poised to end Thursday when South Korea’s Samsung Electronics elbows the U.S. manufacturer aside to become the leading maker of computer chips. Samsung reported record-high quarterly …
Amazon is introducing express delivery to Singapore in its first direct effort to tap into surging online shopping in fast-growing Southeast Asia. The American e-commerce company announced Thursday it will begin operating a distribution facility bigger than a football field …
Leaders of the U.S. central bank said Wednesday that they were holding their benchmark lending rate at a low level — in a range between 1 and 1.25 percent — for the time being. Federal Reserve officials said in …
U.S. Treasury Secretary Steven Mnuchin on Wednesday urged federal lawmakers to raise the federal debt limit before they leave Washington for their August recess to avoid increased interest costs to taxpayers and market uncertainty about a potential default. Mnuchin told …
Foxconn, a Taiwanese electronics manufacturer and major supplier to Apple Inc., has announced plans to build a $10 billion plant in the U.S. state of Wisconsin, to make LCD display screens. The company, formally known as Hon Hai Precision Industry …
The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc’s energy security. Sanctions legislation overwhelmingly approved by the U.S. House of Representatives …
Amazon has some job openings. Lots of them. The company said Wednesday that it’s looking to fill more than 50,000 positions across the U.S. It’s planning to make thousands of offers on the spot on Aug. 2, when it …
Promising startups in the United States receive a shred of the billions of dollars investors pump into them when led by women, a major study found Tuesday. Between 2011 and 2013, companies with a female CEO received $1.5 billion of …
U.S. President Donald Trump named on Tuesday two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump’s economic adviser Gary Cohn, according to an interview with The Wall Street Journal. …
Apple Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying. “I spoke to [Cook], he’s promised me three big plants — big, …
Colombian officials received $27 million in bribes from Brazilian engineering firm Odebrecht, more than double previously thought, as the company sought to win a road-building contract, Colombia’s attorney general said on Tuesday. As fallout from a massive corruption scandal continues …
Peruvian authorities have launched a major crackdown on modern slavery after a warehouse fire in Lima last month killed four workers, including two who were trapped inside a padlocked container on the roof. Officials said they had shut down six …
Following a lack of agreement at the U.S. China Comprehensive Economic Dialogue in Washington last week, analysts say they expect the Trump administration to impose stiff penalties on Chinese steel and other imports. They are also predicting the U.S. might …
A Ghanaian teenager wanted to develop a video search engine that could challenge the dominance of YouTube. As Faith Lapidus reports, he’s well on his way. …
From recycled paint to rented jeans, businesses large and small are looking at ways to cut waste, use fewer resources and help create what has been coined a “circular economy” in which raw materials and products are repeatedly reused. Unilever, …
More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect U.S. jobs. …
Thailand’s justice ministry froze some of former Prime Minister Yingluck Shinawatra’s bank accounts, the ministry and her legal team said on Monday, in relation to a $1 billion fine imposed by the ruling junta over her administration’s rice-subsidy program. She …
The U.S. Carrier factory where President Donald Trump says he saved 800 jobs from moving to Mexico notified 300 people last week that they were being laid off. The layoff notices began Thursday, exactly six months since Trump took office. …
The United States and Britain are launching preliminary talks in Washington on a trade deal that will set up a new trade relationship between the two countries, after Britain’s exit from the European Union. Britain hopes removing barriers under its …
The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment. It’s the Fed’s other goal — price stability — that’s stayed persistently out of reach. Inflation …
Lucy Harris thinks Britain’s decision to leave the European Union is a dream come true. Nick Hopkinson thinks it’s a nightmare. The two Britons — a “leave” supporter and a “remainer” — represent the great divide in a country that stepped into …
Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition …