Business
India's Services Activity Shrinks For Sixth Month In August, Job Losses Mount
Hoping to avert more serious economic damage, the government has said it planned to reopen underground train networks and allow sports and religious events in a limited manner despite coronavirus cases growing at the fastest rate in the world’s second-mos...
Study: Electronics Could Stop 40% Of Big Truck Rear Crashes
Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rearend other vehicles, a new study has found.
Iraq Denies It Was Seeking Exemption From OPEC+ Oil Cuts - Ministry
Iraq said on Wednesday it remained fully committed to the OPEC+ oil supply cut agreement, denying earlier media report that it was seeking an exemption from the reduction pact during the first quarter of 2021, Iraq's oil ministry spokesman said.
Macy's Rethinks Holidays In The Time Of COVID-19 With New Gifts, Online Focus
Macy's Inc will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on its online business and selling more beauty and home items to shoppers opting to stay home due to the COVID19 health cris...
Pernod Ricard Sees Opportunities As Consumers Turn To Drinking At Home
Pernod Ricard looked to strong spirits sales in Europe and U.S. supermarkets as one bright spot during the coronavirus pandemic after reporting a 77 percent drop in net profit and a 1 billion euro writedown on Wednesday.
Danish Watchdog Investigates Danske Bank Over Erroneous Debt Collection
Denmark's financial watchdog has launched an investigation into how Danske Bank could wrongly collect debt from up to 106,000 customers since 2004, it said late on Tuesday.
PayPal Entry Punishes Australia's Pricey Buy-now-pay-later Stocks
Shares in Australia's Afterpay Ltd and its smaller consumer lender rivals tumbled for a second day on Wednesday, as the entry of U.S. giant PayPal into the buynowpaylater sector sent investors scrambling to reprice its frothy stocks.
Australia's Second-quarter GDP Shrinks At Record Pace As Coronavirus Pushes Country Into Recession
Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for October delivery rose 15 cents to $42.76 a barrel Tuesday. Brent crude oil for November delivery rose 30 cents to $45.58 a barrel.
Left it to USTR to Take Final Call on Timing of Initial Trade Deal: Piyush Goyal
Goyal said he and US Trade Representative (USTR) Robert Lighthizer have sorted out most of the issues around this initial trade pact.
Amazon's Whole Foods Opens First Delivery-only Store In Brooklyn
Amazon.com Inc owned Whole Foods Market opened its first deliveryonly store in Brooklyn, New York on Tuesday, as the ecommerce giant looks to take greater advantage of a coronavirusinduced surge in online grocery shopping.
Tesla Announces Plans To Sell Up To $5B In New Stock Shares
A day after its 5for1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares.
Black Former Franchisees Sue McDonald's For Discrimination
More than 50 Black former McDonalds franchise owners are suing the burger chain, saying the company steered them to less-profitable restaurants and didnt give them the same support and opportunities given white franchisees.
AstraZeneca Expands COVID-19 Vaccine Supply Tie-up With Oxford Biomedica
AstraZeneca has expanded its agreement with Oxford Biomedica to make and supply the drugmaker's COVID19 vaccine candidate, in a deal that will pay the gene and cell therapy firm 15 million pounds ($20 million) upfront and an additional 35 million pounds p...
Sensex, Nifty Rise As Auto Stocks Gain After Solid Maruti Sales
Indian shares rose in choppy trading on Tuesday, helped by gains in automaker stocks after encouraging monthly sales from the country's top carmaker, with investors looking past data that showed India suffered its worst economic contraction on record.
U.S. Dollar's Woes Are Only Beginning, Some Bears Say
There are dollar bears, and then there's Ulf Lindahl.