Tag Archives: Boeing

Business this week

Business this week

A judge in Oklahoma ruled that Johnson & Johnson had broken the state’s “public nuisance” law with its aggressive marketing of opioids and ordered it to pay $572m. It was the first time a drugmaker had stood trial for its part in creating America’s opioid-addiction crisis; others have so far elected to settle rather than face a …

Business this week

Business this week

Spooked by concerns over trade, geopolitical tensions and the possibility of recession, stockmarkets had their worst day of the year so far. The s&P 500, Dow Jones Industrial Average and NASDAQ indices all fell by 3% in a day. In Europe the DAX was down by 2.2% and the FTSE 100 by 1.4%. Investors were particularly concerned by the yield on long-term American …

Business this week

Business this week

The Federal Reserve cut its benchmark interest rate for the first time since the financial crisis, by a quarter of a percentage point to a range of between 2% and 2.25%. After nearly four years of tightening, Jerome Powell, the central bank’s chairman, said the Fed was loosening monetary policy amid uncertainties about trade and the world …

Business this week

Business this week

America’s Justice Department announced a broad antitrust review of the market power of online platforms in search, social media and retailing. That increases the pressure on Amazon, Apple, Facebook and Google to improve their behaviour as the calls from some Democrats to break up those companies grow louder during the election season. Meanwhile, the Federal Trade …

Business this week

Business this week

America and China agreed to resume trade talks. At a summit of G20 leaders in Japan, President Donald Trump agreed not to slap new tariffs on $300bn-worth of Chinese goods. He also said he would allow American companies to sell products to Huawei, a Chinese telecoms firm which was blacklisted in May. In exchange, Xi Jinping, China’s president, agreed …