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U.S. sanctions four shipping firms for transporting Venezuelan oil

The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation's crude exports.



5 years ago

H&M closes U.S. stores amid protests, says it stands behind black community

H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.



5 years ago

Tax Day is coming soon. What you need for July 15

It feels like only yesterday the Treasury Department gave taxpayers until July to submit last year's returns and pay taxes owed. The new deadline is rapidly approaching. What you should know.

5 years ago

More $1,200 checks? Maybe $2,000 a month? The stimulus proposals that could put more money in your wallet

Surveys show Americans want more financial help from the federal government. But the question is exactly how the government will get more money into their hands. These are the proposals that are on the table. Experts weigh in on what strategies would help those who are suffering most.

5 years ago

Goldman Sachs commits to new central Paris headquarters

U.S. bank Goldman Sachs has signed a lease for a new Paris headquarters building, committing to a city centre office development at a time when many banks are weighing scaling back their presence in cities amid the COVID-19 pandemic.



5 years ago

U.S. auto sales in May encourage Detroit plan to rebuild inventories

Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.



5 years ago

Women In Fintech Will Play A Crucial Part In The Covid-19 Recovery Plan

Forbes | Madhvi Mavadiya | June 1, 2020 The coronavirus has prompted the U.K.’s biggest government bailout of all time. The bill for subsidies and tax breaks for businesses impacted by Covid-19 has already reached more than £100 billion and will continue to increase. This has prompted concern among some that rescue money is being

5 years ago

Rental fleet collapse drags down U.S. vehicle sales

The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.



5 years ago

Wall Street advances on signs of economic rebound

U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery.



5 years ago

California court hears appeal of $289 million verdict against Bayer in first Roundup cancer trial

A California appeals court on Tuesday heard arguments in the first case that went to trial over allegations that Bayer AG's glyphosate-based weed killer Roundup causes cancer, resulting in a $289 million judgment against the company.



5 years ago

U.S. launches trade probe into digital taxes, plowing ground for new tariffs

The U.S. Trade Representative's office said on Tuesday it was launching a "Section 301" investigation into digital services taxes adopted or under consideration by a number of U.S. trading partners - a move that could lead to new punitive tariffs.



5 years ago

U.S. board urges helicopter manufacturers to add crash-data recorders

The National Transportation Safety Board (NTSB) on Tuesday urged six major manufacturers to equip turbine-powered helicopters with crash-resistant systems to record data, audio and images, after former NBA star Kobe Bryant and eight others were killed in a helicopter crash in January.



5 years ago

Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference likely to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.



5 years ago

Center for Democracy and Technology files lawsuit against Trump's executive order on social media

The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump's executive order on social media, arguing it violates the First Amendment.



5 years ago

Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.



5 years ago