Business

Shares of Eli Lilly jumped Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinsons disease treatment.

Volkswagen has defused a power struggle over measures needed to accelerate its expansion in electric vehicles, lifting its shares by 5% on Tuesday as investors welcomed Chief Executive Herbert Diess getting allies appointed to key roles.

It may be noted that the board of the bank and the shareholders had approved these re-appointments, subject to the approval of the RBI, at their respective meetings held on May 13, 2020, and August 18, 2020, the filing said.

Global jet fuel markets are coming back to life, resuscitated by a rebound in air cargo demand, gradually recovering passenger traffic and hopes that COVID19 vaccines will spur more international flights in 2021.

From Air Canada to China's CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in ecommerce as the value of used planes tumbles amid the pandemic.

A pipeline carrying crude oil to Iran's second largest refinery ruptured and burst into flames on Sunday, but the spillage and the blaze were brought under control, Iranian news agencies reported.

U.S. gaming platform Roblox Corp has put off its planned initial public offering (IPO) until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by Reuters.

Norway may close access to its fishing waters to European and British vessels from Jan. 1, its fisheries minister said on Friday, because a trilateral fisheries deal Oslo wants with the European Union and Britain has not been concluded.

Anglo American will divest from its South African and Colombian thermal coal operations by mid2023, the miner said on Friday as it sought to demonstrate to investors its commitment to a shift towards clean energy sources.

Europe's drugs regulator on Friday recommended changing some terms of the conditional approval given to antiviral drug remdesivir as a COVID19 treatment, to make clear the conditions under which it can be used.

Britain is more likely to leave the European Union's orbit on Dec. 31 without a trade deal than with an agreement, the head of the European Commission was quoted as telling the bloc's 27 national leaders on Friday.

Black employees at Lloyds are paid nearly a fifth less on average than their colleagues, according to an ethnicity pay gap report published by the bank on Friday.

China's vehicle sales are likely to hit 25.3 million units this year, an industry body said on Friday, as the world's biggest vehicle market continued to lead the global auto industry recovery from lows hit during the COVID19 pandemic.

Shares of Airbnb Inc more than doubled in their stock market debut on Thursday, valuing the home rental firm at just over $100 billion in the biggest U.S. initial public offering (IPO) of 2020 and capping a bumper year in which investors flocked to tech s...

Investment banks cut the chances of Britain and the European Union agreeing a postBrexit trade deal on Thursday while bookmakers slashed the odds to 50% after leaders failed to break an impasse in talks.

Wall Street's main indexes were set to open lower on Thursday as a jump in weekly jobless claims suggested a stalling recovery in the labor market, while negotiations over fresh economic stimulus dragged on.