Business

Britain began a fresh round of Brexit trade talks by warning the European Union that it was ramping up preparations to leave the bloc without an agreement as the two sides bicker over rules that govern nearly $1 trillion in trade.

The price of 22-carat 10 gram gold in Chennai stands at Rs 48,850, while in Mumbai and Delhi it costs Rs 49,590 and Rs 49,650. Ten gram of 22-carat gold in Kolkata and Bengaluru come at a price of Rs 50,220 and Rs 48,150.

Japan's economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.

Britain will tell the European Union on Tuesday that progress must be made in trade talks this week or the government will step up preparations to leave the bloc without a deal as the time ticks down to an endofyear deadline.

British consumers increased their spending again in August as they went on "staycation" holidays, bought equipment for working from home and went back to shops to buy clothes, surveys showed on Tuesday.

World shares rose slightly led by Europe on Monday after last week's rout in U.S. tech stocks, though investors worried that any rally could be shortlived and valuations remained high against the backdrop of a global economy in recession.

The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop due to canceled travel, limited dining options and mor...

A look at some of the key business events and economic indicators upcoming this week:

The programme is intended for specific groups, including medical staffers and those who work at food markets and in the transportation and service sectors.

Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID19 pandemic compounded worries about weak oil demand.

Welcoming the Maharashtra government's move to fully reopen hotels, the Hotel and Restaurant Association of Western India's (HRAWI) on Friday urged the government to allow restaurants to reopen with dinein services as well. The association had written...

Oil slipped below $44 a barrel on Friday and was on course for its biggest weekly decline since June as weak demand figures added to concern over a slow recovery from the COVID19 pandemic.

The estimates for the Indian economy indicate a substantial contraction in 2020-21, with several sectors experiencing severe demand destruction, he said, adding "this is likely to shrink livelihood opportunities considerably causing a severe stress on con...

World shares edged lower on Friday, and were on course for their worst week in more than two months, though gains in safer assets like bonds and the dollar were muted as investors awaited U.S. jobs data to see if it triggers a bigger selloff.

German biotechnology firm Curevac expects to be able to produce the COVID19 vaccine it is developing at scale by the end of the year, investor Dietmar Hopp told the Handelsblatt business daily on Friday.

With an enviable reputation, IAG's CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer its British Airways and Iberia out of the depths of the worst downturn in aviation history.