Business

Euro zone business activity contracted sharply this month as renewed lockdowns forced many firms in the bloc's dominant service industry to close temporarily, although news of possible vaccines boosted hopes for 2021, surveys showed on Monday.

Dividend payouts by the world's biggest firms in 2020 will fall by 17.5%20%, equivalent to some $263 billion, as a result of the coronavirus crisis, a report on Monday forecast, but could rebound strongly next year.

Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after U.S. regulators last week ended a 20month grounding triggered by two fatal crashes.

Greek lender Alpha Bank has selected U.S. investment fund Davidson Kempner as its preferred bidder to buy a $12 billion portfolio of nonperforming loans in what will be Greece's largestever sale of bad debt, sources told Reuters.

G20 nations are determined to continue doing everything possible to contain the COVID19 pandemic, warning in a draft communique that the global economic recovery remains "uneven, highly uncertain, and subject to elevated downside risks".

Airlines will need $7080 billion euros in aid to survive the coronavirus crisis, or another half again of the amount already received from governments, their global industry body warned.

U.S. stock market futures dropped late on Thursday after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal Reserve' pandemic emergency lending programs.

Mazda beat traditional winners Lexus and Toyota to win top honors as the most dependable auto brand in Consumer Reports' annual reliability survey.

Phoenix (AP) Apple will pay USD 113 million to settle the latest case alleging the the trend-setting company duped consumers by deliberately slowing down older iPhones to help extend the life of their batteries. The payment announced Wednesday in Arizon...

French Finance Minister Bruno Le Maire on Wednesday called on supermarkets and online retailers to postpone the "Black Friday" sales shopping day due to take place on Nov. 27 as shops selling nonessential goods remained closed during lockdown.

The Dow and the S&P 500 inched higher on Wednesday as Boeing rose after it won U.S. approval to resume flights of its 737 MAX jet, while growing optimism that a working vaccine was within reach also lifted the mood.

A gauge of global shares gained and was just shy of a record while the dollar moved off earlier lows on Wednesday as further positive COVID19 vaccine news helped temper concerns about rising infection rates and related economic damage.

The National Rifle Association agreed to a fiveyear ban on doing insurance business in New York state and will pay a $2.5 million civil fine to settle charges it offered insurance to members without a license and concealed how it routinely kept some premi...

Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.

Deutsche Boerse said on Wednesday it was aiming to clinch more big deals after a $1.8 billion acquisition of an 80% stake in Institutional Shareholder Services (ISS).

Greenpeace on Wednesday asked a court to block the 3.4 billion euros ($4 billion) of state aid granted to the Dutch arm of Air FranceKLM, arguing the government had failed to force the ailing airline to make its business more sustainable.