British American Tobacco said on Thursday it will buy a nearly 20per cent stake in Canada-based cannabis producer Organigram for about 126 million pounds (US$175.8 million) as it seeks to expand beyond its main tobacco business.
The number of Americans filing new claims for jobless benefits dropped to a four-month low last week as an improving public health environment allows more segments of the economy to reopen, putting the labor market recovery back on track.
Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, is seeking to raise US$4 billion for a fund to invest in various asset classes, according to people familiar with the matter.
The head of Texas's power regulator told lawmakers on Thursday that any effort to retroactively reduce the power prices levied during a recent storm would lead to lawsuits that the state could lose.
Chinese e-commerce company JD.com Inc reported a 31per cent jump in fourth-quarter revenue on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic.
Facebook Inc will allow content creators on its platform to earn revenue from short-form videos via advertisements, the social network said on Thursday.
The European Central Bank is likely to signal faster money printing on Thursday to keep a lid on borrowing costs but stop short of adding firepower to its already aggressive pandemic-fighting package.
Futures tied to the Nasdaq 100 index jumped on Thursday as U.S. bond yields retreated to one-week lows on ebbing concerns over a strong pick up in inflation, while investors awaited data that is likely to show a dip in weekly jobless claims.
Shares of Roblox Corp jumped on Thursday, building on the gaming platform's almost 55per cent rise on its stock market debut a day earlier as well-known exchange-traded fund operator Cathie Wood bought into the company.
India is likely to block its mobile carriers from using telecom equipment made by China's Huawei, two government officials said, under procurement rules due to come into force in June.
