China drives global oil demand recovery out of coronavirus collapse

China drives global oil demand recovery out of coronavirus collapse
BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns. FILE PHOTO: Oil and gas tanks are seen at an oil warehouse at a port in... Read More

U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX

U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX
WASHINGTON (Reuters) – U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing (BA.N) 737 MAX that was involved in two fatal crashes in five months that killed 346 people. FILE PHOTO: Steve Dickson, Administrator of the Federal Aviation Administration, speaks at the UK Aviation Club about the Boeing... Read More

U.S. board urges helicopter manufacturers to add crash-data recorders

U.S. board urges helicopter manufacturers to add crash-data recorders
FILE PHOTO: A general view outside the Airbus factory in Broughton, following the outbreak of the coronavirus disease (COVID-19), Britain, May 14, 2020. REUTERS/Phil Noble WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) on Tuesday urged six major manufacturers to equip turbine-powered helicopters with crash-resistant systems to record data, audio and images, after former NBA star Kobe Bryant and... Read More

U.S. manufacturing activity crawls off 11-year low

U.S. manufacturing activity crawls off 11-year low
WASHINGTON (Reuters) – U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment. FILE PHOTO: A worker disinfects machinery with a bleach mixture at the start of a shift at... Read More

U.S. manufacturing activity off 11-year low; construction spending falls

U.S. manufacturing activity off 11-year low; construction spending falls
WASHINGTON (Reuters) – U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment. The frame of a 2015 Ford Mustang vehicle moves down the production line at the Ford Motor... Read More

Amazon removes racist messages after they appear on some product listings

Amazon removes racist messages after they appear on some product listings
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020 after Amazon extended the closure of its French warehouses until April 25 included, following dispute with unions over health protection measures amid the coronavirus disease (COVID-19) outbreak. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc (AMZN.O) said it was removing certain images... Read More

Home trading triggers bank ‘black hole’ surveillance alerts

Home trading triggers bank ‘black hole’ surveillance alerts
LONDON (Reuters) – Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug “black holes” in surveillance systems, industry officials say. FILE PHOTO: A nearly empty Oculus transportation hub in lower Manhattan is seen during the outbreak of the coronavirus disease (COVID-19) in New... Read More

U.S. states, cities may snub Fed lending program over high rates

U.S. states, cities may snub Fed lending program over high rates
FILE PHOTO: The Federal Reserve building is set against a blue sky, amid the coronavirus disease (COVID-19) outbreak, in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo CHICAGO (Reuters) – High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout... Read More