Business & Financial News, U.S & International Breaking News
China imposes sanctions on 28 Trump-era officials including Pompeo
China said on Wednesday it wanted to cooperate with President Joe Biden's new U.S. administration, while announcing sanctions against "lying and cheating" outgoing Secretary of State Mike Pompeo and 27 other top officials under Donald Trump.
Mercedes unveils electric compact SUV in bid to outdo Tesla
Daimler AG's Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part of plans to take on rival Tesla Inc and offer more emission-free vehicles to consumers to meet targets in Europe and China.
Biden revokes KXL permit in blow to Canada's oil sector, Ottawa disappointed
U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa's hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported.
United Airlines pledges more cost cuts after pandemic-driven quarterly loss
United Airlines Holdings Inc said on Wednesday it aims to cut about $2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight quarterly loss.
Massive iceberg continues losing mass as it swirls around South Georgia island
A massive Antarctic iceberg that last month threatened a penguin-populated island off the southern tip of South America has since lost much of its mass and broken into pieces, scientists say.
Police discover first cannabis farm in London financial district
The first cannabis farm has been found in London's historic financial district, where office buildings have been emptied because of lockdowns to contain the spread of COVID-19, British police said on Wednesday.
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