Business

August conjures up images of beaches and sunshine but it may not bring much respite to travel and tourism stocks. Battered by lockdowns, tourism has lagged a broader market recovery, with airline, hotel and leisure shares 20%-50% lower year-to-date.

U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery.

Federal Aviation Administration (FAA) safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety, according to an independent survey seen by Reuters on Friday.

A U.S. district judge on Friday denied bail to two Massachusetts men accused of helping orchestrate former Nissan Motor Co Chairman Carlos Ghosn's escape from Japan.

Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward setting a strategy, as the company jostles for position in the highly political 5G race.

United Parcel Service Inc plans to impose big fees on large shippers sending significantly more packages through its system during the holiday season amid the coronavirus pandemic, according to a new fee schedule released on Friday.