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Partly reflecting a sharp pullback in auto sales, the Commerce Department released a report on Tuesday showing retail sales in the U.S. tumbled by much more than expected in the month of May. The Commerce Department said retail sales plunged by 1.3 percent in May, while economists had expected a […]

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Apple paid its chief executive, Tim Cook, $US1.4 billion ($1.8 billion) in total since 2007. Oracle’s chairman, Larry Ellison, racked up stock and cash valued at nearly $US1.9 billion over the same period. And Mark Zuckerberg has pulled in $US5.7 billion from Facebook since the company went public in 2012. […]

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Tells Ministries to cut ‘controllable’ expenditure by 20% The Finance Ministry has told ministries to slash ‘controllable’ spending by 20% and drop other wasteful expenditure, introducing fresh austerity steps amid concerns with breaching the fiscal deficit target for the year following the second COVID-19 wave. Expenditure related to containment of […]

A highly anticipated report released by the Labor Department on Thursday showed consumer prices in the U.S. increased by more than expected in the month of May. The Labor Department said its consumer price index rose by 0.6 percent in May after climbing by 0.8 percent in April. Economists had […]