Markets

Billionaire Jim Ratcliffe's Ineos will manufacture its first car in France after a deal to take over a site run by Germany's Daimler, ditching plans to build a factory in Britain as COVID-19 disrupts the automotive industry.

Pfizer cleared the next hurdle in the race to get its COVID-19 vaccine approved for emergency use on Tuesday (Dec 8) after the US Food and Drug Administration (FDA) released documents that raised no new issues about its safety or efficacy.

Shares in electric truck maker Nikola Corp were up 1.6per cent on Tuesday a day after its founder disclosed that he had sold fewer shares in the company than investors had feared.

Volkswagen's supervisory board is due to discuss a reshuffle of the company's management board on Thursday, two people familiar with the matter said on Tuesday, as the world's largest carmaker seeks to defuse a leadership crisis.

HELSINKI: Finnish telecoms equipment maker Nokia's president of global services and member of the group's leadership team Sanjay Goel will leave the company, a Nokia spokeswoman told Reuters on Tuesday. Several members of Nokia's top management team have departed since Pekka Lundmark took over ...

Cisco has revamped its Webex video meeting software as it targets a bigger share of the booming online collaboration market, adding new features such as background noise cancellation and a transcription service.

Boeing Co lost another 63 orders for its newly un-grounded 737 MAX jet in November, and the company delivered seven aircraft to customers, down from 24 in the same month a year ago, company data showed on Tuesday.

Citigroup Inc named Elissar Farah Antonios as the new head of its Middle East and North Africa operation, making her the first woman to lead the fastest growing region in the bank's emerging markets portfolio, a memo seen by Reuters on Tuesday showed.

Pfizer Chief Executive Albert Bourla said on Tuesday he expects a "very intense" meeting with a U.S. vaccine advisory panel this week but is counting on the panel of outside experts to sign off on his company's COVID-19 vaccine candidate.

Apple threatened on Tuesday to remove apps from its widely-used App Store if they don't comply with an upcoming private feature allowing users to block advertisers from tracking them across different applications.