Markets

Facebook Inc said on Friday that Apple Inc has declined its request to waive off the 30per cent commission fee it takes from apps listed on iOS devices, making a rare critique of a fellow big tech peer.

Investors are girding their portfolios for market moves ahead of the U.S. presidential vote, as election season kicks into higher gear with the Democratic National Convention in the coming week.

Shares of German biotechnology firm CureVac BV nearly tripled in their Nasdaq debut on Friday, marking the first stock market debut of a company developing a potential vaccine to combat the novel coronavirus.

Even with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to pre-coronavirus levels as they shifted shopping online, brought their food home, and stocked up on new appliances.

A review of the U.S.-China trade deal initially slated for Saturday will be delayed due to scheduling issues and no new date has been agreed, according to sources familiar with the plans.

A federal judge in Detroit on Friday rejected a bid by General Motors Co to reinstate a racketeering lawsuit against its smaller rival Fiat Chrysler Automobiles NV (FCA).

Volkswagen's Porsche plans building a new plant to make car bodies in Slovakia, where it may create up to 1,200 jobs, Slovak newspaper Dennik N reported on Friday.

A review of the U.S.-China trade deal initially slated for Saturday will be delayed due to scheduling issues, and no new date has been agreed yet, according to sources familiar with the plans.

LONDON: Premier League chief executive Richard Masters has responded to a plea for clarity over the failed takeover of Newcastle United. PCP Capital Partners' largely Saudi-funded £340 million bid to buy the Premier League club collapsed recently. Newcastle fans are unhappy with the failure to ...

BERLIN: Germany is declaring nearly all of Spain, including the tourist island of Mallorca, a coronavirus risk region following a spike in cases there, government sources told Reuters on Friday (Aug 14). The move deals a blow to hopes for a swift revival of mass tourism after months of...