WASHINGTON: US producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral. Still, deflation remains unlikely as the economy battles […]
News
Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in killing the novel Coronavirus on surfaces, an executive at the pharmaceutical and chemical giant told Reuters. REUTERS: Lonza Group AG is in the “last step” of discussions […]
REUTERS: American Airlines Group Inc has threatened to cancel some of its orders for Boeing Co’s grounded 737 MAX jets unless the planemaker helps secure funding for them, the Wall Street Journal reported on Friday. American Airlines has struggled to secure financing for 17 jets it had expected Boeing to […]
PARIS: Manchester United could find themselves facing English rivals Wolverhampton Wanderers in the semi-finals of the Europa League in Germany in August, after Friday’s draw for the latter stages of the tournament put the teams on a collision course. While the UEFA Champions League is to be completed with a […]
REUTERS: Chelsea’s Champions League hopes are firmly in their own hands and winning their final four Premier League games will cap off a successful season, manager Frank Lampard said on Friday (Jul 10). Chelsea, third in the standings with 60 points, two ahead of fifth-placed Manchester United, travel to Sheffield […]
LONDON: Chelsea teenager Billy Gilmour could be sidelined for up to four months after undergoing knee surgery, Chelsea boss Frank Lampard said on Friday (Jul 10). The 19-year-old midfielder has enjoyed a fine breakthrough campaign at Stamford Bridge but will not feature again this term. The Scot started Chelsea’s 3-2 […]
REUTERS: Relegation-threatened Watford will approach Saturday’s (Jul 11) game like a “cup final” as they fight for Premier League survival with four rounds of fixtures to be played, Newcastle United manager Steve Bruce said on Friday. Watford, 17th, are three points above the relegation zone after Tuesday’s 2-1 win over […]
KOBE: A day that began with joy at a return to something resembling normality ended in disappointment for baseball teams the Yomiuri Giants and Yakult Swallows who saw the first game of the season with fans allowed in washed out and postponed on Friday (Jul 10). The Nippon Professional Baseball […]
LONDON: The men’s singles seedings will revert to the world rankings at next year’s Wimbledon, after almost two decades of being based on grass-court form, organisers announced on Friday (Jul 1). The All England Lawn Tennis & Croquet Club (AELTC) said they had taken the decision after consultations with various […]
REUTERS: Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a US$2.5-billion investment round led by T Rowe Price, Rivian said Friday (Jul 10). The deal comes on […]