Business
Microsoft fires another 300 people after recent major layoff – Reports
Washington: US tech corporation Microsoft has cut its staff by more than 300 people after a major layoff in May, Bloomberg reported, citing a notice from the corporation to...
Business
U.S. to double steel, aluminum tariffs to 50 pct
New York: U.S. President Donald Trump announced Friday that he plans to double tariffs on steel and aluminum...
Business
Boeing strikes $1.1 bn deal with US DOJ to avoid prosecution over deadly 737 Max crashes
Arlington: Boeing has reached a non-prosecution agreement with the US Department of Justice (DOJ), allowing the aerospace company...
Business
Mexico continues negotiations with US on tariffs concerning steel, and automotive sectors
Mexico City: After a phone conversation with her U.S. counterpart, Mexican President Claudia Sheinbaum has decided to continue...
Business
US may reduce tariffs on China to 50 pc as part of trade agreement talks – Reports
Washington: The administration of US President Donald Trump is considering the possibility of reducing import tariffs on China...
STMicroelectronics to invest 730 mn euros in new plant in Sicily
Rome: Electronic semiconductor maker STMicroelectronics plans to invest 730 million euros (721 million US dollars) in a new chip production facility in Catania on...
SL to ease import restrictions
Colombo: The Sri Lankan government will ease the ban on import of some goods that was enforced due to the economic crisis, Finance State...
Wall Street firms fined $1.8bn
Washington: Some of Wall Street biggest companies have been fined a total of $1.8bn by US financial watchdogs after staff discussed deals and trades...
Chinese yuan hits record low against USD
Beijing: China's yuan has hit fresh record lows against the surging US dollar.The internationally-traded yuan fell to its lowest level since data first became...
SL tourism back on track
Colombo: Sri Lanka's battered tourism industry is back on the road to revival, with some 21,000 tourists coming to the island nation in the...
Qantas direct flight from Sydney to Bengaluru
Sydney: Australia's national carrier Qantas on Wednesday started the operation of its direct flight service between Sydney and India's southern city of Bengaluru.The new...