(Reuters) – Here are five things to know about the Federal Reserve’s new strategy for achieving stable prices and maximum employment. The divisive policy shift was announced on Thursday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, March 19, 2019. REUTERS / Leah Millis …
Read More »United Airlines announces biggest cut on pilot jobs in its history
CHICAGO (Reuters) – United Airlines (UAL.O) is preparing for the biggest pilot event in its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further US government assistance. Airlines, which are reeling from the devastating impact of the …
Read More »Trump says he has saved 51 million jobs in pandemic. Economists, US officials say otherwise
WASHINGTON (Reuters) – Standing in front of half a dozen American flags at a press conference at his country club in Bedminster, New Jersey, President Donald Trump announced what has become a central part of his November re-election argument: the treatment of his administration of the economic downturn of the …
Read More »Republicans, Democrats owe blame for tough US legislation on coronavirus help
WASHINGTON (Reuters) – Top Democrats and Republicans accused each other of stopping talks on coronavirus legislation on Sunday, a day after the House approved $ 25 billion in new funds for the U.S. Postal Service, a bill that declared Republicans dead. PHILO PHOTO: US House Speaker Nancy Pelosi (D-CA) talks …
Read More »Porsche launches investigation into suspected engine manipulation – BamS
FILE PHOTO: A Porsche logo is seen outside a Porsche car dealership, amid the outbreak of coronavirus (COVID-19) in Brussels, Belgium 28 May 2020. REUTERS / Yves Herman FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Luxury unit for sports motors Porsche AG has begun an internal investigation into the suspected manipulation of …
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