Business

President Donald Trump's unorthodox choice for the Federal Reserve Board of Governors, Judy Shelton, could be voted on by the Senate next week, Majority Leader Mitch McConnell's office said Thursday.

Premier Inn owner Whitbread said on Thursday it expects to cut significantly fewer jobs at its hotels and restaurants than the 6,000 job cuts it announced in September.

Medical sterilization firm Sotera Health Co, backed by private equity firms Warburg Pincus and GTCR, said on Thursday it was looking to raise up to $1.07 billion in its initial public offering.

A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will proceed to trial, London's high court ruled on Thursday.

Russia tapped the global debt market on Thursday for the first time this year by opening the books on two sovereign eurodenominated Eurobonds in a bid to secure additional funding, two financial market sources said.

Japanese tyremaker Bridgestone has decided to "close the door" on its Bethune plant in northern France, Junior Economy Minister Agnes said on Thursday.

Nissan Motor Co Ltd revised its fullyear forecast to an operating loss of 340 billion yen ($3.23 billion) from a previous prediction for a record 470 billion yen loss.

Emirates lost $3.4 billion in the first six months of the year, tipping the Dubai stateowned airline's holding company into its first halfyear loss in more than thirty years.

Britain's economy, which has struggled to maintain its recovery from its coronavirus lockdown crash, grew by a slower than expected 1.1% in September from August, even before the latest restrictions on businesses, official data showed.

Tech led the S&P 500 and the Nasdaq higher and crude prices extended their rally on Wednesday, as hopes of potential COVID19 were tempered by spiking coronavirus infections and the looming threat of new lockdowns.

Italy's biggest payments group Nexi has extended its exclusive merger talks with Nordic rival Nets to Nov. 16, it said on Wednesday as it reported strongerthanexpected thirdquarter earnings.

Global oil benchmark Brent rose on Wednesday, briefly touching a more than twomonth high above $45 a barrel, as hopes of an effective COVID19 vaccine boosted demand expectations and an industry report showed U.S. crude inventories fell more than expected.

Wall Street's main indexes advanced on Wednesday as signs of a working COVID19 vaccine raised hopes of a fasterthanexpected economic rebound, with technology stocks bouncing back from steep losses this week.

European Union lawmakers have backed a small trade deal with the United States to remove EU tariffs on U.S. lobsters following Democrat Joe Biden's victory in the U.S. presidential election.

Three Israeli airlines will begin direct flights from Tel Aviv to Dubai in December, with El Al operating twice daily services, Israir offering six weekly flights and Arkia operating a daily service, Dubai Airports said on Wednesday.

Gold edged up on Wednesday, buoyed by a softer dollar as investors weighed the logistical challenges surrounding the mass rollout of a potential COVID19 vaccine, with a surge in new infections boosting bets of further economic support.