The S&P 500 and the Nasdaq fell on Tuesday as investors fretted about an economic downturn from aggressive interest rate hikes around the world to tamp down inflation.
The European Commission proposed on Tuesday to make the bloc's "use-it-or-lose-it" airport slot rule more flexible in order to respond to unexpected developments in the future, such as pandemic or war.
Hyundai Motor said on Tuesday it has reached a tentative wage deal with its South Korean labour union, potentially avoiding a strike and production losses at its biggest manufacturing base.
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Exercise equipment maker Peloton Interactive said on Tuesday it will cease all in-house production of its bikes and treadmills and move manufacturing to partners in an effort to simplify its operations and reduce costs.
Analysts say Saudi Arabia doesn’t have a lot more oil to give and is struggling to meet its own production targets.
Major U.S. airlines are poised to post their strongest earnings since the start of the pandemic when they report quarterly results starting on Wednesday.
A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products.
The bidding war for Spirit Airlines Inc between Frontier Group Holdings Inc and JetBlue Airways Corp may leave the acquirer taking years to earn back their investment.
Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10 billion earlier this year, three people familiar with the matter told Reuters.
China locks down city of 300,000 over single Covid case
European shares rose on Tuesday led by beaten-down aerospace, luxury and travel stocks, although worries about an energy supply crunch and a potential global recession capped gains.
Singapore's Temasek Holdings anticipates slowing down its investments due to a deteriorating global economy, after posting a nearly 6% rise in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March 2022.
Hong Kong jails terminally ill activist for attempted Olympics protest
For Emilie Malherbe, choosing the colour of her brand new Renault Arkana SUV was easy because only three were available: black, pearl-white and gray.
Car sales at Renault fell 30% in the first half of 2022 after the closure of its Russian operations, it said on Tuesday, one of the first Western carmakers to reveal the pain of losing the prized market in the wake of the Ukraine war.
China banks to repay some customers after mass protests
Embattled Scandinavian airline SAS and unions representing pilots will resume negotiations on Wednesday to try and agree a new labour deal to end a one-week strike.
Embattled Scandinavian airline SAS and unions representing pilots will resume negotiations on Wednesday to try and agree a new labour deal to end a one-week strike, union representatives and a mediator said.
The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter.
Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC), is set to leave the bank to take over as chief executive of smaller peer China Galaxy Securities, six people with direct knowledge of the matter said.
Sri Lanka president seeks seaborne escape after airport standoff
Palestinians say US economic push no substitute for peace
Euro drops to dollar parity as eurozone recession fears mount
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World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.
'Gangnam Style' impact endures a decade after it broke the internet
The global price of oil could surge by 40% to around $140 per barrel if a proposed price cap on Russian oil is not adopted, along with sanction exemptions that would allow shipments below that price, a senior U.S. Treasury official said on Tuesday.
Apple's self-driving car effort stuck in low gear: report
The euro rebounded on Tuesday after sliding to a 20-year low and nearing parity against the U.S.
