Business and Economy

Business and Economy Latest News

Davos founder Schwab cleared of misconduct by WEF probe
Davos founder Schwab cleared of misconduct by WEF probe
by  AFP

An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab and his wife of wrongdoing, after a probe into whistleblower complaints. "Following a thorough review of all facts, the Board has concluded that ... there is no evidence of material wrongdoing by Klaus Schwab," the board announced.

US retail sales rise amid limited consumer tariff hit so far
US retail sales rise amid limited consumer tariff hit so far
by  AFP

US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers. Analysts described the report as solid, but some pointed to a greater risk of weakening in retail sales in the second half of 2025 following disappointing recent labor market data.

Deadline looms to avert Air Canada strike
Deadline looms to avert Air Canada strike
by  AFP

Air Canada faced a midnight deadline Friday to avert a flight attendants strike that would shut down service, creating summer travel chaos for the carrier's 130,000 daily passengers. Air Canada detailed its latest offer in a Thursday statement, specifying that under the terms a senior flight attendant would on average make CAN$87,000 ($65,000) by 2027.

Technology

Economy

Industry

Money

Capital Market

Energy

Page was generated in 2.0587739944458