Police officers distribute toilet papers and paper towels to the customers at Woolworths supermarket, in Prospect, in the state of New South Wales, Australia, March 19, 2020 in this screen grab obtained from social media video. Rachel Santos/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.
By Rajesh Kumar Singh CHICAGO (Reuters) – When Mehdi Farsi decided to shift production of State Bicycle Co’s niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company. Farsi, who founded the firm in 2009 with his […]
LONDON (Reuters) – British airline easyJet has moved a step closer to commercial electric flying on short-haul routes after its partner said it would begin development of engines for its electric narrow-body aircraft. Fully electric planes will only be able to fly relatively short distances, but could be a key part of the aviation industry’s […]
(Reuters) – Federal Reserve officials should be more transparent and release more information after monetary policy meetings to help shape market expectations, Cleveland Fed President Loretta Mester said on Friday. Policymakers are placed in a difficult situation when there is a mismatch between what financial markets are expecting and what central bank officials have in […]