Business

Shares in cannabis companies surged on Wednesday, extending a monthslong rally due to bets on decriminalization under the Biden administration, as the Reddit community behind a recent trading frenzy talked up the stocks.

South Africa's Aspen Pharmacare Holdings warded off a possible hefty EU antitrust fine after regulators accepted the pharceutical company's offer to cut cancer drug prices in Europe by about twothirds in a landmark case aimed at deterring excessive prices...

In January, I took up a no-spend challenge. Thats right I refrained from making nonessential purchases for one whole month.

Tax filing season will start a bit later this year and look a bit different too. Thats because the pandemic that defined 2020 has seeped into tax time too. If you worked from home, received a relief payment, took on some gig work or filed unemployment ben...

The World Trade Organization said on Tuesday that its top decisionmaking body, the General Council, will meet on February 15 to decide on the next directorgeneral.

Oil hit 13month highs on Tuesday, supported by supply cuts, a weaker dollar and optimism over a recovery in fuel demand, but retraced some of its recent gains in early U.S. trading.

In the international market, the rate of gold increased by 0.61 percent to USD 1,841.50 per ounce on Tuesday. However, in the last 30 days, the performance of gold has decreased by 0.46 percent which is equivalent to USD 8.50.

Delta Air Lines said Monday it will continue to block some seats on all flights through spring break and Easter to provide a bit more space between passengers.

Environmental organisations and business lobby groups urged Poland's government on Monday to include their proposals on climate, the environment and digitalisation in the country's postpandemic recovery plan.

Major palm oil buyers are seeking to block FGV Holdings and Sime Darby Plantations from their global supply chain after the United States banned imports from the two Malaysian producers, four sources told Reuters.

U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations are needed to deal with recent market volatility.

The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump's attempts to rebalance America's trade with the rest of the world.

Europe's slow vaccine rollout means its economic recovery could lag behind upturns in the United States and Asia unless it can get the programme back on track in the weeks ahead.

Global shares approached record highs on Friday and the dollar headed for its best weekly gain in three months, as progress in vaccine distribution and U.S. stimulus hopes prompted bets on further normalisation in the global economy.

Health insurance startup Clover Health was the first company to be targeted by a shortselling report in weeks on Thursday, as a trading frenzy driven by smalltime investors eased further and regulators met to look into the affair.

McKinsey & Co, the consulting firm, has agreed to pay $573 million to resolve investigations by most U.S. states over its alleged role in "turbocharging" sales of opioids, fueling a nationwide epidemic.