Markets

SINGAPORE: About 25 nightlife establishments will be allowed to reopen as part of a pilot programme, said the Singapore Nightlife Business Association (SNBA) on Monday (Nov 9) as it urged those that continue to struggle with the prolonged closure to look at pivoting or exiting operations. Apart ...

The European Union and its member states want to reset trade relations with the next U.S. administration following Democrat Joe Biden's victory in the election in the United States, German Economy Minister Peter Altmaier said on Monday.

FRANKFURT: Positive data on BioNTech and US partner Pfizer's COVID-19 vaccine is an unlikely success for the married couple behind the German biotech firm, who have devoted their lives to harnessing the immune system against cancer. Pfizer said on Monday (Nov 9) said its experimental vaccine was ...

Pfizer Inc on Monday said its experimental vaccine was more than 90per cent effective in preventing COVID-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world's economy and upended daily life....

DUBAI: Abu Dhabi's Etihad Airways has warned pilots of immediate compulsory layoffs this week as demand for air travel fails to recover as quickly as expected from the coronavirus crisis. The warning in a letter to pilots, seen by Reuters, comes a day after the state airline said it...

Biogen Inc's shares slumped about 30per cent on Monday as the drugmaker's chances of getting a regulatory approval for its experiment Alzheimer's treatment suffered a blow after a panel of experts to the U.S. Food and Drug Administration voted against the medicine.

Shares in European banks and in the travel and leisure industries surged about 10per cent on Monday after Pfizer announced that its experimental COVID-19 vaccine was more than 90per cent effective, which prompted a major rally across the continent's bourses.

After spending the summer convincing consumers to take socially distanced breaks from grim reality, advertisers are now returning to the pandemic as the central focus in holiday shopping campaigns launching this month.

The question of who is U.S. president has no bearing on the trade talks between the European Union and Britain, which are likely to run in London all this week, a spokesman for the bloc's executive Commission said on Monday.

BALTIMORE: Joe Biden will inherit a mangled US economy - one that never fully healed from the COVID-19 pandemic and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are...