Global stock markets fell on Thursday as a continued rise in the number of coronavirus cases dashed hopes of a swift recovery from the pandemic-induced economic slump and drove demand …
Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company …
Lufthansa investor Thiele seeks talks with German government: Handelsblatt
Lufthansa’s biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline’s 9 billion euro …
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm said the delay …
Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal – sources
The European Commission is in advanced talks with pharmaceuticals giant Johnson & Johnson to reserve or make an up-front purchase of its COVID-19 vaccine under development, two officials familiar with …
Audi boss to head carmaker’s R+D division: sources
Markus Duesmann, the head of Audi , will also head the research and development division at German carmaker Volkswagen’s premium brand, two sources told Reuters on Thursday. Read full story …
Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial …
Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion …
Dollar and yen supported by fears of new pandemic wave; Norway’s crown shines
The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was …
Amazon to hire 3,000 people in South Africa for customer service roles
Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday. Read full story Author:
JPMorgan gets China’s nod for first fully foreign-owned futures business
China on Thursday approved JPMorgan’s application to operate the first fully foreign-owned futures business, as the world’s second-largest economy pushes ahead with opening its multi-trillion-dollar financial market. Read full story …
Oil prices tick up amid mixed signals from U.S. data
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future …
Oil prices fall as coronavirus case surge heightens demand fears
Oil prices slipped on Thursday on concerns that a spike in new coronavirus cases in China and the United States could dampen a recovery in fuel demand, even as lockdowns …
Dollar and yen hold advantage as risk aversion grows
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies. Read full story Author:
Oil prices fall as surge in coronavirus cases raises demand concerns
Oil prices fell around 1% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that a recovery in fuel demand could stall, …
Global stocks retreat on rising second wave fears
Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. …
Australian regulator raises concerns over Google, Fitbit deal
Australia’s consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google’s $2.1 billion bid for fitness tracker company Fitbit . Read full story Author:
S&P closes lower as new COVID-19 cases surge
The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic …
Unemployment payments backlog draws hundreds to Kentucky’s capital
Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky’s Capitol in Frankfort early Wednesday to …
U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela
The U.S. Transportation Department said on Wednesday it had fined Panama’s Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point and ordered …