Category Archive

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 …

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’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’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 …

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 …

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-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 …

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 …

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.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:

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 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 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 …

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 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, …

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. …

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:

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 …

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 …

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 …