Business

Coronavirus cases have now surpassed 30 million, casting a gloomy pall over prospects of a V-shaped economic recovery.

The government is selling its entire 52.98 per cent stake in India's second largest fuel retailer and third biggest oil refiner.

U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while the S&P 500 and Nasdaq posted a third straight week of declines.

British Prime Minister Boris Johnson is pressing ahead with legislation on trade despite a warning from Brussels that it could wreck their future relationship and an acknowledgement by his government that it violates international law.

Ericsson has agreed to buy U.S.based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday.

Leaders of Europe's coronavirusstricken travel and tourism industries have appealed to the EU's chief executive to press governments to end quarantine requirements and instead embrace coordinated restrictions and testing.

The Saudi Energy Minister warned traders on Thursday against betting heavily in the oil market saying he will try to make the market "jumpy" and promised those who gamble on the oil price would be hurt "like hell".

Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits.

OPEC+ could hold an extraordinary meeting in October if oil markets weaken further, Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday, according to an OPEC+ source.

Britain will ask parliament for permission to use powers which breach its Withdrawal Agreement with Brussels if it decides the European Union has not acted in good faith in talks on a trade deal, the government said.

On Wednesday, the rupee had strengthened by 12 paise to 73.52 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.32 per cent to 93.51.

Southwest Airlines Co said late Wednesday it temporarily grounded 130 Boeing 737800 aircraft after it discovered discrepancies in aircraft weight data.

Investment between the United States and China tumbled to a nineyear low in the first half of 2020, hit by bilateral tensions that could see more Chinese companies come under pressure to divest U.S. operations, a research report said.

Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.

Slowerthanexpected sales at retailers in August suggest a speed bump is emerging in the U.S. economic recovery from coronavirus lockdowns, less than two months before the Nov. 3 presidential election.

Sri Lanka is seeking at least 340 million rupees ($1.89 million) from the owners of the stricken supertanker New Diamond for assistance rendered to the vessel since it caught fire on Sept. 3, the coordinating officer to its attorney general said.