Business

Ethiopian jets bombed the Tigray region on Friday and Prime Minister Abiy Ahmed pledged more air strikes in the escalating conflict amid reports that Tigrayan forces had seized control of federal military sites and weapons.

Ethiopian jets bombed the Tigray region on Friday and Prime Minister Abiy Ahmed pledged more air strikes in the escalating conflict, as reports emerged that Tigrayan forces had seized control of key federal military sites and weapons.

The World Trade Organization (WTO) has cancelled a meeting on Nov. 9 to decide on the appointment of Nigeria's Ngozi OkonjoIweala as the Genevabased body's next director general, according to a WTO document seen by Reuters on Friday.

The world's development finance institutions (DFIs) are exposed to potential naturerelated losses across more than a quarter of their investments and should carry out regular stress tests to better understand the risks, a report said on Friday.

A former Russian deputy transport minister has acquired a controlling stake in weapons maker Kalashnikov, the company said on Friday.

More than 200 companies, including ITC, Cipla, Ashok Leyland, and Bank of India are expected to announce quarterly earnings today.

The Bank of England increased its already huge bondbuying stimulus by a largerthanexpected 150 billion pounds ($195 billion) as it braced for more economic damage from new coronavirus lockdowns and damage from Brexit, too.

This is also the first major hiring the bank has announced under its new chief executive and managing director Sashidhar Jagdishan.

Germany's Commerzbank on Thursday said it swung to a thirdquarter loss, as the lender undergoes a restructuring and deals with fallout from the coronavirus crisis.

Asian shares climbed on Thursday and bonds extended their blistering rally as investors wagered the likely prospect of U.S. policy gridlock would greatly favour some industries while putting a restraining hand on government borrowing.

Mexico has received the first doses of a COVID19 vaccine candidate from Chinese pharmaceutical company CanSino Biologics Inc. for a late stagetrial on between 10,000 and 15,000 volunteers, foreign minister Marcelo Ebrard said on Tuesday.

The finance minister last month had announced a slew of measures to spur demand and ramp-up capital expenditure. This was the third stimulus package since the outbreak of the COVID-19 pandemic.

Should Democratic challenger Joe Biden prevail, as polls suggest, some on Wall Street are looking ahead to his cabinet picks to gauge whether he will govern as a businessfriendly moderate or promote progressive legislation that could weigh on sectors such...

The world's top asset manager BlackRock downgraded European equities to neutral on Monday on a surge in Covid cases and renewed restrictions though raised exposure to emerging stocks on a rising probability of a democratic sweep in the U.S. vote.

Estee Lauder Cos Inc reported betterthanexpected quarterly results on Monday, as people confined to their homes bought more of its skincare products online and sales improved in its Asian markets.