Business

Carlos Ghosn’s accused smugglers unlikely to win quick bail

A U.S. judge said she is unlikely to quickly release a Massachusetts father and son being held on charges they helped smuggle former Nissan Motor Co (7201.T) chairman Carlos Ghosn out of Japan. At a Wednesday hearing in Boston, U.S. District Judge Indira Talwani said she was “anticipating” denying expedited bail to Michael Taylor and […]

Business

Facebook suspends disinformation network tied to staff of Brazil’s Bolsonaro

Facebook Inc (FB.O) on Wednesday suspended a network of social media accounts it said were used to spread divisive political messages online by employees of Brazilian President Jair Bolsonaro and two of his sons. The company said that despite efforts to disguise who was behind the activity, it had found links to the staff of […]

Business

Airbus first-half deliveries hit 16-year low despite June bounce

Airbus (AIR.PA) deliveries rose 50% in June compared with May and reached their highest level since the coronavirus crisis spread to Europe in March, but the accelerating recovery failed to prevent first-half deliveries from sliding to a 16-year low. Figures released by the European planemaker late on Wednesday underscored a collapse in aerospace industry fortunes […]

Business

TikTok’s ad launch faces challenges from U.S. ban threat, hoaxes

TikTok’s launch on Wednesday of a new platform to court small business advertisers is fraught with challenges, especially after the Trump administration’s threat this week to impose a ban on China-based social media apps. The new self-service ad platform, which lets companies purchase ads without needing to speak with a sales team, is key to […]

Business

Nasdaq ends at record high as Wall Street rises with tech shares

U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country. Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) provided the biggest boosts to the Dow and S&P […]

Business

Study suggests most Uber, Lyft drivers in Seattle not poorly paid

Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city’s median, a study of data provided by Uber and Lyft showed, defying some perceptions of drivers working full-time for little pay. The Cornell University study, published on Monday, comes as lawmakers in several U.S. cities and states debate […]

Business

Ford’s quarterly China sales rise for the first time in 3 years

Ford Motor Co (F.N) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in the world’s bigggest auto market in almost three years. Ford has been seeking to recover from a slump in sales unprecedented for a major global automaker in China, with sales sinking 26% […]