Business
US Jobless Claims Increase To 742,00 As Pandemic Worsens
The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
Nasdaq To Buy Financial Fraud Detection Firm Verafin For $2.75 Billion
Exchange operator Nasdaq Inc said on Thursday it would buy antifinancial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market.
Explainer: What Is Happening With The Keystone XL Oil Pipeline?
TC Energy Corp says it is continuing to advance its Keystone XL (KXL) oil pipeline, the $9 billion project that would move oil from the province of Alberta to Nebraska.
Apple To Pay Another $113M To Settle IPhone Battery Claims
Apple will pay $113 million to settle the latest case alleging the the trendsetting company duped consumers by deliberately slowing down older iPhones to help extend the life of their batteries.
Gold Dips As Vaccine Progress Offset Worries Over Rising Cases
Gold prices eased on Wednesday as optimism about Pfizer's successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support.
London Steps Up Charm Offensive For $4 Billion Deliveroo Listing - Sources
The London Stock Exchange and British government and banking officials have launched a charm offensive to persuade British online food delivery business Deliveroo to list in London early next year, three sources familiar with the matter told Reuters.
American Airlines Says First Boeing 737 MAX Flights In December
American Airlines Group said on Wednesday it would make good on its plan to return Boeing Co's 737 MAX jets to passenger flights by the end of 2020 after the planemaker won U.S. Federal Aviation Administration (FAA) approval to fly them again.
China Alleges Manipulation By Haitong Securities In Widening Default Inquiry
Chinese investigations into last week's shock bond default by a stateowned coal miner widened on Wednesday with a regulator threatening to sanction Haitong Securities, one of the country's biggest brokerages, for alleged manipulation.
The Case For Shopping On Black Friday In 2020
Like most things in 2020, Black Friday wont be the same this year.
Global Markets: Stocks Retreat From Record As Vaccine Hopes Give Way To Virus Concern
A gauge of global stocks retreated from a record on Tuesday as rising coronavirus cases raised concerns over fresh lockdown measures and dented recent optimism over promising vaccine trial results.
Analysis: Negative Rate Risk, QE Overload May Push Central Banks Towards Yield Caps
Central banks are delving further into their tool kits to help economies recover from the coronavirus cue yield curve control, a form of pinning down borrowing costs that more countries might need to embrace in the months and years ahead.
Britain And U.S. Sign Aviation Deal For Post-Brexit Flights
Britain and the U.S. have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union.
How the Likes of Amazon have Circumvented India’s FDI Laws
Deep discounting, predatory pricing, preferential treatment to select sellers and similar practices have shaken small retailers in India and made a mockery of regulations.
UK Watchdog To Review Liberty Global, Telefonica Deal - Source
UK competition watchdog CMA is set to take over the review of Liberty Global and Telefonica's plan to merge their British businesses, with EU antitrust regulators ceding the case to them, according to a person familiar with the matter.
Virgin Galactic Reschedules Test Flight Due To New Mexico Lockdown
Virgin Galactic has rescheduled a test flight planned from its New Mexico spaceport later this week after the U.S. state imposed fresh COVID19 restrictions, billionaire Richard Branson's space tourism firm said on Monday.
Qatar National Bank Closes Syndication Of $3.5 Billion Loan
Qatar National Bank has closed the syndication for its dualtranche $3.5 billion senior unsecured term loan, the Gulf's biggest lender said on Monday.