London Heathrow Airport’s COVID losses balloon to $3.4 bln
Heathrow, Britain’s biggest airport, said on Thursday a first quarter loss of 329 million pounds ($459 million) took total losses since the start of the pandemic to nearly 2.4 billion pounds as travel continues to be hammered. It said only 1.7 million passengers travelled through the London airport in the three months to March 31, […]
Biden pleads for unity, warns of Chinese threat, in speech to Congress
President Joe Biden proposed a sweeping new $1.8 trillion plan in a speech to a joint session of Congress on Wednesday, pleading with Republican lawmakers to work with him on divisive issues and to meet the stiff competition posed by China.
From Amazon to Tata, industry steps up to combat India’s coronavirus crisis
Sachin Ravikumar, Nivedita Bhattacharjee, Chris Thomas Global and Indian firms are flexing their industrial muscle to help the world’s second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths. Amazon.com (AMZN.O), Intel (INTC.O) and Google, as well as Indian firms Tata Sons, Reliance Industries (RELI.NS) and JSW […]
India’s coronavirus death toll surpasses 200,000 after record case surge
India’s COVID-19 death toll surged past 200,000 on Wednesday as shortages of oxygen, medical supplies and hospital staff compounded a record number of new cases of the virus.
White House says capital gains tax would hit 0.3% of taxpayers
President Joe Biden’s forthcoming capital gains tax hike proposal would affect only a 0.3% slice of U.S. taxpayers, a top economic aide said on Monday. Biden is set this week to propose nearly doubling taxes on capital gains to 39.6% for people earning more than $1 million, Reuters has reported, in what would be the […]
Nets’ Durant, Jazz’s Conley win Oscar for short film
Brooklyn Nets forward Kevin Durant and Utah Jazz guard Mike Conley Jr. were part of a group of executive producers awarded an Oscar for the film “Two Distant Strangers” on Sunday.
Explainer: What do Apple’s new iPhone privacy changes mean for consumers and businesses?
Apple Inc (AAPL.O) on Monday will begin rolling out an update of its iOS operating system with new privacy controls designed to limit digital advertisers from tracking iPhone users. For Apple’s more than 1 billion iPhone users, the change will mean a new pop-up notification in some apps seeking their permission to collect data that Apple believes […]
Analysis: As small-cap stocks lag, Wall Street worries about broad slowdown
An historic rally in share prices for smaller U.S. companies has slowed sharply in April after six months of strong gains, leading many investors to worry that the stock market as a whole may have already priced in a strong rebound from the pandemic. “The easy money has been made for small caps and for […]
Wall Street edges higher on Tesla boost ahead of big tech earnings
Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies. Tesla Inc (TSLA.O) rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the […]
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Canadian Pacific Railway Ltd (CP.TO) on Saturday welcomed the U.S. Surface Transportation Board’s (STB) decision to uphold a 2001 waiver it granted to Kansas City Southern (KSU.N) being applicable to the merger of the two companies. The two companies will proceed with an application under the standards in the STB’s pre-2001 major merger rules, according to a statement by […]
