Category: Business

Amazon (AMZN.O) has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ahead of EU rules that will target such methods from next year. The European Commission in 2020 charged Amazon with using its size, power and data […]

The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling in the labor market amid rising interest rates and tighter financial conditions. Despite the second straight weekly rise in claims reported by the Labor Department on Thursday, labor market conditions remain tight, with very few […]

Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers’ threats have deepened investor concerns about the property sector, which accounts for a quarter of the […]

Russia’s central bank is resisting domestic calls to take over the running of foreign lenders’ local businesses, two sources with direct knowledge of the matter said, concerned in part that this could prompt depositors to pull out funds. The central bank is under mounting pressure to act from some Russian officials and businesses after Western-owned […]

Spanish billionaire and Zara founder Amancio Ortega is in talks to buy a 64-floor skyscraper in New York’s Financial District, his private firm Pontegadea said on Thursday. It confirmed an earlier report by the real state website The Real Deal, which said the company would pay $500 million for the property. “There are ongoing negotiations […]

U.S. online sales during Amazon.com Inc’s (AMZN.O) Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe’s Digital Economy Index. Amazon said on Thursday the two-day shopping event, on July 12 and 13, was its biggest ever globally, with […]

German manufacturer Daimler Truck Holding AG is set to start the assembly of its first Mercedes-Benz electric bus in Brazil between November and December as demand grows in Latin America’s largest economy, an executive said on Wednesday. The company sees demand for electric buses in Brazil reaching 3,000 vehicles by 2024, its Bus Sales & […]