[ad_1] (Reuters) – U.S. stocks fell on Tuesday as investors paused ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an
Airline industry headed for $84 billion loss this year – IATA
[ad_1] FILE PHOTO: A passengers rushes through the empty check-in area of German air carrier Lufthansa at the airport as the spread of coronavirus disease (COVID-19) continues in Frankfurt, Germany, June 2, 2020. REUTERS/Kai Pfaffenbach/File
Exclusive: Chanel, Revlon, L’Oreal pivoting away from talc in some products
[ad_1] LONDON/LOS ANGELES (Reuters) – Chanel, Revlon and L’Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount. FILE
EU backs COVID-19 changes to airline CO2 scheme, dismaying green groups
[ad_1] BRUSSELS (Reuters) – The European Union on Tuesday backed proposals to change a planned U.N. scheme to tackle aviation’s carbon footprint, a move campaigners said could allow airlines to pollute freely for years. FILE
Hong Kong spearheads $5 billion Cathay Pacific rescue package
[ad_1] SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways, which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The
Foreigners turn net buyers of Asian equities after sell-off
[ad_1] (Reuters) – Foreign investors are buying Asian shares after dumping them over the past three months, as lifting of coronavirus lockdowns has boosted optimism regional economies are set for recovery. FILE PHOTO: A man
South Korea’s Daewoong Pharmaceutical says anti-parasitic drug effective against coronavirus in animal tests
[ad_1] SEOUL (Reuters) – South Korea’s Daewoong Pharmaceutical said its anti-parasitic drug niclosamide had eliminated the novel coronavirus from animals’ lungs during testing. Drugmakers worldwide are rushing to develop treatments for the illness caused by
UK tourism group says government plans to open travel corridors from June 29
[ad_1] UK border force booths are seen at the terminal ferry in Calais, as the 14-day quarantine for international arrivals was introduced this monday, amid the coronavirus disease (COVID-19) outbreak, in Calais, France, June 8,
Global Markets: Asian shares extend gains as economic recovery hopes build
[ad_1] SYDNEY/SINGAPORE (Reuters) – Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a
Oil prices rise as easing of lockdowns spurs fuel demand hopes
[ad_1] MELBOURNE/SINGAPORE (Reuters) – Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre