Category: Business

Jim Kirsh initially thought his family-owned foundry in southeastern Wisconsin might stay busy during the pandemic. Kirsh Foundry Inc, a cluster of buildings nestled in Beaver Dam, a city of 16,000 about an hour’s drive from Milwaukee, entered the year with a bulging order book, thanks in part to a big customer bringing casting work […]

Global shares edged higher and the dollar perked up on Wednesday as further positive COVID-19 vaccine news more than offset concerns around the stubbornly high global infection rate. The MSCI World index was up 0.1% at 1206 GMT, just shy of the previous session’s record high. U.S. stock futures, meanwhile, pointed to a higher open […]

Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes. Maersk, the world’s biggest container shipping line, has recovered faster than expected after the pandemic halted trade around the world, benefiting from […]

Britain and the European Union are in the last moments to reach a trade deal that would regulate their relationship after Britain’s transition period ends on Jan 1, 2021, the EU’s Trade Commissioner Valdis Dombrovskis said on Wednesday. Dombrovskis would not speculate about any deadlines for ending the trade talks, saying the only deadline that […]

A judge in Detroit on Tuesday dismissed a portion of a criminal case against a Fiat Chrysler senior manager who was charged as part of the government’s probe into cheating on diesel emissions tests by the automaker. Emanuele Palma was charged in September 2019 with making and causing Fiat Chrysler to make misstatements to U.S. […]

Global stocks were mixed on Wednesday after the Dow closed above 30,000 points for the first time, hitting pause on a market rally that has been fueled by encouraging vaccine news and signs that a formal transition of power is underway in Washington. US stock futures were little changed ahead of the open. Dow (INDU) […]

India has banned dozens more Chinese apps, drawing a rebuke from Beijing and further straining already tense relations between the world’s most populous countries. “We firmly oppose the Indian side’s repeated use of ‘national security’ as an excuse to prohibit some mobile apps with Chinese background,” Ji Rong, spokesperson for China’s embassy in India, said […]