MILAN — Global sales of personal luxury goods are forecast to shrink in 2025 for the…
COVID-19 pandemic
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it…
China approves $840B plan to refinance local government debt, boost slowing economy
BEIJING — China on Friday approved a 6 trillion yuan ($839 billion) plan to help local…
Germany’s economy is in trouble. The government’s collapse and Trump’s return bring more risk
WARSAW, Poland — WARSAW, Poland (AP) — The collapse of Germany’s governing coalition and President-elect Donald…
Peloton appoints Apple Fitness+ co-founder, now Ford executive, as its next CEO
NEW YORK — Peloton has appointed its next CEO. Peter Stern, co-founder of Apple Fitness+ and…
Spirit Airlines plans to cut jobs and sell some planes amid looming financial struggles
NEW YORK — NEW YORK (AP) — Spirit Airlines is cutting jobs and selling off some…
Yellen says isolationism ‘made America and the world worse off’ in speech to global finance leaders
WASHINGTON — Treasury Secretary Janet Yellen told world financial leaders Tuesday that the U.S. economy has…
Hong Kong cuts liquor tax in effort to reignite its nightlife industry
HONG KONG — Hong Kong’s leader announced a cut in liquor taxes on Wednesday as the…
What’s behind the widening gender wage gap in the US?
NEW YORK — Just how much of a setback was the COVID-19 pandemic for U.S. working…
South Korea’s central bank cuts rates in a bid to boost the economy
SEOUL, South Korea — South Korea’s central bank on Friday cut its policy rate for the…