Business
Novavax to deliver 60 million doses of COVID-19 vaccine candidate to UK for trial
U.S. drug developer Novavax Inc said on Friday the UK would buy 60 million doses of its coronavirus vaccine candidate, NVXCoV2373, for a phase 3 clinical trial in the country.
Oil refiners shut plants as demand losses seen continuing
Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses.
WeWork gets new $1.1 billion commitment from SoftBank, cuts burn rate
The We Company, owner of WeWork, told employees on Thursday that it cut its cash burn rate almost in half to $671 million from the end of last year and obtained a $1.1 billion (840 million pounds) commitment in new financing from majority owner SoftBank .
S&P 500 ends down slightly after flirting with record levels again
The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems Inc .
U.S. weekly jobless claims drop below 1 million; labor market still weak
The number of Americans seeking jobless benefits dropped below one million last week for the first time since the start of the COVID19 pandemic in the United States, though at least 28 million people are still receiving unemployment checks, indicating the...
Payroll tax holiday will cover the self-employed: Kudlow
U.S. President Donald Trump's efforts to give workers a break on payroll taxes will apply to selfemployed individuals, White House economic adviser Larry Kudlow said on Thursday, but gave no other details.
Lufthansa halts talks with union on staff cost cuts
German airline Lufthansa said on Thursday it had walked away from talks with union Verdi over a package to cut staff costs and would only return to the negotiating table if Verdi offers significant labour cost savings.
Lenovo sails past expectations with 31% first-quarter profit jump
Lenovo Group, the world's biggest PC maker, smashed expectations with a 31% leap in firstquarter net profit, as the coronavirus pandemic spurs businesses to shift to remote work and schools to switch to online learning.
Japanese airline ANA in talks to raise up to $4.7 billion capital from banks - Nikkei
Japanese airline company ANA Holdings Inc is in talks with multiple banks to raise capital of up to 500 billion yen ($4.7 billion) in the wake of the coronavirusdriven slump in air travel demand, the Nikkei business daily reported on Thursday.
Dentsu second-quarter profit falls 54% on ad spending pullback
Japan's largest advertising agency, Dentsu Group Inc, on Thursday reported a 54% slump in second quarter operating profit as the coronavirus outbreak hit advertiser spending.
Facebook beefs up anti-misinfo efforts ahead of US election
Beginning Thursday, U.S. Facebook users who post about voting may start seeing an addendum to their messages labels directing readers to authoritative information about the upcoming presidential election.
Oil edges lower after OPEC report, U.S. stocks draw supports
Crude oil prices slipped on Thursday after OPEC said it expected demand for fuels to fall more than expected, although U.S. government data showing a fall in inventories suggested demand is returning despite the coronavirus pandemic.
Sensex, Nifty rise as PSU banks, metals rally
Indian shares inched higher on Thursday, helped by staterun banks and metals stocks, although gains were checked by worries over rising coronavirus cases.
Oil Edges Lower after Jump on US Stocks Draw, Fuelling Hopes of Demand Return
US crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed.
Simon, Authentic Brands buying Brooks Brothers for $325M
Brooks Brothers will be purchased for $325 million by a retail venture owned by licensing company Authentic Brands Group and mall owner Simon Property Group.
Business owners can sue insurer over coronavirus losses, Missouri judge rules
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a "direct physical loss" to their premises.
