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As climate catastrophes rise, reinsurers reduce risks
As climate catastrophes rise, reinsurers reduce risks
Natural disasters are now happening so frequently that reinsurers -- the firms that sell insurance to insurance companies -- are scaling back...
2023-09-13 11:26
UBS's Credit Suisse takeover, 'deal of the century'?
UBS's Credit Suisse takeover, 'deal of the century'?
Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered...
2023-09-13 11:26
Asian markets swing as crude spike stokes inflation concerns
Asian markets swing as crude spike stokes inflation concerns
Equities fluctuated Wednesday ahead of a crunch US inflation report, with investors increasingly nervous that a recent spike in oil will put fresh upward pressure on consumer prices and force the...
2023-09-13 10:59
Ford CEO: 'Still optimistic' but ready in case of auto strike
Ford CEO: 'Still optimistic' but ready in case of auto strike
Ford's CEO said Tuesday night that he was still optimistic of averting a looming strike, but that "there is a limit" to what...
2023-09-13 10:56
Economy and management blamed for demise of UK retailer Wilko
Economy and management blamed for demise of UK retailer Wilko
The imminent demise of household goods seller Wilko highlights the challenges UK retailers currently face amid decades-high inflation and anaemic economic growth, but experts argue it...
2023-09-13 10:54
Qantas loses court fight over Covid lockdown layoffs
Qantas loses court fight over Covid lockdown layoffs
Qantas illegally sacked 1,700 ground staff during Covid-19 lockdowns, Australia's High Court ruled Wednesday, dismissing an appeal by the airline and opening up...
2023-09-13 10:30
High costs push home ownership out of reach of younger Americans
High costs push home ownership out of reach of younger Americans
When Jennie Luhmann started searching for her family's "forever home," she found herself in a perfect storm -- few properties were available, buyers were making all-cash...
2023-09-13 09:53
Apple bows to EU and unveils iPhone with USB-C charger
Apple bows to EU and unveils iPhone with USB-C charger
Apple unveiled its new iPhone lineup on Tuesday, with its Lightning charger ports replaced on the newest models by a universal charger after a...
2023-09-13 09:46
Tech stocks struggle ahead of key US inflation data
Tech stocks struggle ahead of key US inflation data
US and European markets closed mostly in the red on a disappointing day for tech stocks, as investors brace for crucial US inflation data and grapple with...
2023-09-13 09:45
Qantas illegally fired 1,700 workers at start of pandemic, court rules
Qantas illegally fired 1,700 workers at start of pandemic, court rules
The airline has been embroiled in several scandals related to its business practices during the pandemic.
2023-09-13 09:25
Biden's ambitious efforts to strengthen the social safety net are fraying
Biden's ambitious efforts to strengthen the social safety net are fraying
For a few fleeting months in 2021, it looked like President Joe Biden was making great strides in his promise to even the playing field for more Americans.
2023-09-13 08:28
New York City's pension funds and state of Oregon sue Fox Corporation over 2020 election lies
New York City's pension funds and state of Oregon sue Fox Corporation over 2020 election lies
New York City's pension funds and the state of Oregon took legal action on Tuesday against Fox Corporation, alleging in a lawsuit that the Fox News parent company failed shareholders by allowing the right-wing channel to recklessly spread lies about the 2020 election that opened it up to a pair of historic defamation cases.
2023-09-13 06:50
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