The European Union should renegotiate a 1 billion euro (US$1.17 billion) contract it sealed last week with Gilead for a six-month supply of the COVID-19 drug remdesivir after it showed poor results in a large trial, experts said on Friday.
BP is set to make around 7,500 compulsory redundancies after roughly 2,500 staff - or just over one in ten of those eligible - applied for voluntary severance, according to an internal memo seen by Reuters and company sources.
Twitter Inc CEO Jack Dorsey said on Friday his company had been wrong to block links to an article making claims about Democratic presidential candidate Joe Biden's son.
Japan's biggest airline, ANA, has turned to billions of dollars in loans and a government tourism campaign to weather the slump in air travel and could take advantage of accounting rules to avoid aircraft writedowns.
OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago.
U.S. stocks opened higher on Friday as Pfizer said it could apply for emergency use of its COVID-19 vaccine candidate as early as November and data showed stronger-than-expected retail sales growth last month.
U.S. retail sales rose more than expected in September, rounding out a strong quarter of economic activity, but the recovery from the recession is at a crossroads as government money runs out and new COVID-19 infections surge across the country.
U.S. factory production unexpectedly fell in September, suggesting that manufacturing's recovery from the COVID-19 pandemic was slowing heading into the fourth quarter.
A sudden tightening of social restrictions to tackle the resurgent coronavirus pandemic across Europe threatens to spoil any stock market boost third quarter earnings might bring.
The Philippines has lifted a moratorium on oil and gas exploration in the disputed South China Sea, which the government said Friday could fast-track talks with Beijing on a joint energy project.
