U.S. airlines to defend $54 billion COVID-19 government lifeline
Major U.S. airlines Wednesday will defend a $54 billion COVID-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand.
UAE to shift to Saturday-Sunday weekend to align with global markets
The United Arab Emirates said on Tuesday it would shift to a four and half-day working week with a Saturday-Sunday weekend from next year to better align its economy with global markets.
Omicron marches on as Biden prepares U.S. for grim winter
Australia, despite restrictions on international visitors, became the latest country on Friday to report community transmission of Omicron, a day after the coronavirus variant was found locally in five U.S. states.
Bank of Ireland fined 24.5 mln euros over IT failures
Ireland’s central bank has fined Bank of Ireland (BIRG.I) 24.5 million euros ($27.8 million) over technology failures that the lender took more than a decade to fix.
Analysis: White House delay on Fed regulation chief bodes badly for bank M&A
The White House’s delay in nominating the Federal Reserve’s new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank.
U.S., Germany plan new restrictions as Omicron rattles investors
The United States and Germany joined countries around the globe planning stricter COVID-19 restrictions on Thursday as the new Omicron variant rattled markets, fearful it could choke a tentative economic recovery from the pandemic.
Apple tells suppliers demand for iPhone 13 lineup has weakened – Bloomberg News
Apple Inc (AAPL.O) has told its parts suppliers that demand for the iPhone 13 lineup has slowed, Bloomberg News reported on Wednesday, citing people familiar with the matter, signaling that some consumers have decided against trying to get the hard-to-find item.
China’s Kaisa struggles for relief from bond holders as default risk looms
Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.
Asian shares tick up but Omicron worries leave markets on edge
Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.
Malaysia to charge Dyson supplier ATA over labour complaints -minister
Malaysia will charge Dyson supplier ATA IMS Bhd (ATAI.KL) following complaints received by the labour department, a minister said, after forced labour allegations emerged against the manufacturer.
