Markets

German airline Lufthansa is losing 1 million euros (US$1.2 million) every two hours, which represents "a significant improvement" over the low point of the COVID-19 crisis, Chief Executive Carsten Spohr said on Thursday.

BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters.

The best measure of success for the new U.S. government of President Joe Biden will be the speed at which the vaccination rollout against the novel coronavirus is conducted, BlackRock CEO Larry Fink said on Thursday.

U.S. President Joe Biden's promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives.

The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses.

Union Pacific Corp on Thursday posted a 1.6per cent fall in quarterly profit, as the U.S. railroad was hurt by lower freight revenue.

Russia has asked social networks, including the video-sharing app TikTok, to stop the spread of posts encouraging minors to take part in unsanctioned rallies on Saturday in support of jailed Kremlin critic Alexei Navalny.

U.S. stock index futures edged higher on Thursday as investors counted on more pandemic relief and speedy vaccine rollouts under the new Biden administration to aid the economic recovery while awaiting a reading on the weekly jobless claims.

Volkswagen faces a fine of more than 100 million euros (US$121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the world's largest carmaker said on Thursday.

BANGKOK: Thailand's economy could grow 3 per cent to 4 per cent this year, less than earlier forecast, following its biggest coronavirus outbreak yet, while the key interest rate should remain low to support domestic activity, the finance minister told Reuters on Thursday (Jan 21). Southeast ...