Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters shows.
SAN FRANCISCO: No more parties and events in homes listed on Airbnb, the short-term home rental company said on Thursday (Aug 20) as it tries to enforce strict social-distancing norms to fight the COVID-19 pandemic. The new rules include a cap on occupancy at 16, with hosts or guests...
The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last week, a setback for a struggling U.S. job market crippled by the coronavirus pandemic.
Some European Union regulators objected to Ireland's preliminary ruling in a landmark privacy investigation of Twitter, the lead regulator said on Thursday, triggering a process where a majority decision will be sought.
China's Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow following China's emergence from the coronavirus lockdown.
Estee Lauder Cos Inc forecast first-quarter profit below Wall Street estimates on Thursday after posting a bigger-than-expected quarterly loss as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium make-up brands.
HANGZHOU: China's Alibaba Group Holding beat quarterly revenue and profit estimates on Thursday (Aug 20), as its core commerce and cloud computing businesses benefited from the coronavirus-led shift to online shopping and working from home. The company's US-listed shares inched up, adding to their ...
Food giant Nestle is launching a new plant-based tuna alternative in Switzerland this month ahead of a global rollout, hoping that consumers eating at home during the COVID-19 pandemic will stay eager to try new products.
FRANKFURT AM MAIN: The coronavirus pandemic has reignited debate in Germany about cutting the working week to four days to help preserve jobs during and after the economic shock. But the idea remains highly controversial. The president of Germany's powerful metalworkers union IG Metall, Joerg ...
SINGAPORE: Singapore Exchange (SGX) has expanded its partnership with global index provider FTSE Russell, under which both parties will jointly develop and market Asian and emerging markets focused, multi-asset index derivatives products. "In the next few months, you will see a series of product ...
