Business

The coronavirus pandemic will darken the U.S. longterm fiscal outlook for decades to come, the Congressional Budget Office said on Monday, releasing new forecasts that show federal government debt in 2050 will be nearly twice U.S. economic output.

A resurgent dollar held on to overnight gains on Tuesday after virus fears and worries about U.S. stimulus drove a wave of selling in just about everything else.

The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd [HWT.UL] said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.

A rebounding stock market and massive federal aid payments pushed the net worth of U.S. households back to precoronavirus levels in the second quarter, the Federal Reserve reported on Monday, with savings accounts and equity portfolios both rising sharply...

Major cruise lines say they will test all passengers and crew for COVID-19 prior to boarding as part of their plan for resuming sailing in the Americas.

Oil prices fell on Monday, weakened by the possible return of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the U.S. Gulf of Mexic...

Pakistan's central bank held its benchmark policy rate at 7% on Monday, saying the economy looked set to pick up due to the lifting of lockdown restrictions aimed at curbing the coronavirus pandemic though risks remained.

Cancelled flights over the coronavirusrelated restrictions have brought down the jet fuel prices, prompting the Russians to blend it with diesel for cars, which may lead to shortages of the fuel for planes and lower tax return, industry sources say.

EU antitrust regulators will decide by Oct. 26 whether to clear French luxury goods giant LVMH's $16 billion acquisition of U.S. jeweler Tiffany, according to a European Commission filing.

The European Medicines Agency (EMA) has recommended approval for Lynparza in patients with a form of prostate cancer and as a firstline maintenance treatment for a form of advanced ovarian cancer, the British drugmaker AstraZeneca said on Monday.

Authorities in China's northeastern Jilin province have found the novel coronavirus on the packaging of imported squid, health authorities in the city of Fuyu said on Sunday, urging anyone who may have bought it to get themselves tested.

TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States.

President Donald Trump said Saturday he's given his blessing to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chineseowned app he's targeted for national security and data privacy concerns.

The non-release of grants and Covid-19 induced shortfall in the state's own revenues has handicapped Telangana, Municipal Administration and Urban Development Minister KT Rama Rao said in the letter.

American buyout major Blackstone on Friday sold 23 per cent stake in Essel Propack, one of the largest manufacturers of laminated tubes used mostly by FMCG and pharma companies, for a little over Rs 1,860 crore through open market transactions. The sh...

Oil prices fell on Friday after a Libyan commander said a blockade on the country's oil exports would be lifted for a month, while a declining U.S. equities market also weighed on futures.