Business

European Central Bank policymaker and Governor of the Austrian National Bank Robert Holzmann addresses the media in Vienna, Austria, March 23, 2023. REUTERS/Leonhard Foeger/File Photo  VIENNA — It is “conceivable” that the European Central Bank (ECB) will cut interest rates by 25 basis points (bps) at its next rate-setting meeting …

Photo Credit: AP WASHINGTON, D.C. — An ongoing contraction in US manufacturing activity continued for an eighth consecutive month in November, but at a slower rate than before, according to survey data published on Monday. The Institute for Supply Management’s (ISM) manufacturing index rose to 48.4 percent last month, up …

Photo Credit: Euronews MOST of the world’s airlines are not doing enough to switch to sustainable jet fuel, according to a study by Brussels-based advocacy group Transport and Environment, which also found too little investment by oil producers in the transition. The comments come as the airline sector calls for …

APPLE has been accused in a new lawsuit of illegally monitoring its workers’ personal devices and iCloud accounts while also barring them from discussing their pay and working conditions. The complaint filed in California state court on Sunday by Amar Bhakta, who works in digital advertising for Apple, claims the …

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo  THE US launched on Monday its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker …

MILAN/DETROIT — Stellantis CEO Carlos Tavares resigned abruptly on Sunday (Monday in Manila), two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40 percent of its value this year. The company said it would seek to find a replacement CEO …

BERLIN/HANOVER — Workers at nine Volkswagen car and component plants across Germany started strikes lasting several hours on Monday, bringing assembly lines to a halt as labor and management clash over the future of the carmaker’s German operations. Thousands gathered at the Volkswagen headquarters in Wolfsburg. Demonstrations also took place …

WASHINGTON — A tax break for millionaires and almost everyone else. But an end to the Covid-19-era government subsidies that some Americans have used to purchase health insurance. Limits to food stamps, including for women and children, and other safety net programs. Rollbacks to Biden-era green energy programs. Mass deportations. …

In its case targeting how Google buys and sells online advertising in Canada, the Competition Bureau says the company “has abused its dominant position.” But those who study the tech giant say reducing its market influence won’t be easy. Reducing tech giant’s market influence won’t be easy, say those who …

BLACK Friday spending in the United States retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped stores in favor of their phones and laptops, according to data from Mastercard and other data providers. Sales at brick-and-mortar stores grew just 0.7 percent …