Business
Brexit Poker Begins: UK Ramps Up No-deal Preparations
Britain went into Tuesday's fresh round of Brexit trade talks with a warning to the European Union that it was ramping up preparations to leave without an agreement as both sides bickered over rules governing nearly $1 trillion in commerce.
Meggitt Suspends Dividend After First-half Profit Slumps 37%
Meggitt on Tuesday cancelled its interim dividend to preserve cash as the British aerospace supplier posted a 37% fall in firsthalf profit after the coronavirus crisis sent the civil aviation industry to a grinding halt.
FAA Investigating Manufacturing Flaws In Boeing 787 Jetliners
The U.S. Federal Aviation Administration said Sunday it is investigating manufacturing flaws involving some Boeing 787 Dreamliners but said it was too early to say if it will require new inspections.
Nirav Modi Extradition Case: UK Court Given Fresh Video Tour of Mumbai's Arthur Road Jail
The UK's Crown Prosecution Service (CPS), representing the Indian authorities in the estimated USD 2-billion Punjab National Bank (PNB) scam case, played the video alongside providing some information on the coronavirus testing and facial covering measure...
No Pandemic Pause For IKEA's U.S. Shopping Mall Plan
IKEA's shopping centres business hopes to open the doors of its first mall in the United States, in the centre of San Francisco, within a year, pushing ahead with its expansion plans while many retailers are reeling from the coronavirus crisis.
Philippines Adds Australia's CSL As Potential Vaccine Source
The Philippines plans to hold talks with Australian biotech giant CSL Ltd and partner University of Queensland, a senior health official said on Monday, as it looks to diversify possible sources for COVID19 vaccines.
Australian Banks Start Asking For Loan Repayments After Six-month Virus Grace Period
Australia's banks said on Monday they have started asking customers to pay back loans after giving them a six month hiatus due to the coronavirus, prompting concerns some borrowers will be forced to sell their homes once government support ends.
UK's Johnson Tells EU To Agree Trade Deal By Oct. 15 Or 'move On'
Britain has set a deadline of Oct. 15 to strike a freetrade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday.
Global Markets: Asian Shares Start Cautiously Amid Elevated Valuations, Oil Skids
Asian shares started Monday on the backfoot as investors grapple with skyhigh valuations against the backdrop of a global economy in the grip of a deep coronavirusinduced recession while oil prices dropped sharply.
German Politicians Question Russia Gas Project After Navalny Suspected Poisoning
Chancellor Angela Merkel on Sunday faced growing pressure to reconsider Germany's Nord Stream 2 pipeline project with Russia following the suspected poisoning of Kremlin critic Alexei Navalny.
Suzuki Group Cos To Make 'best Efforts' To Reach Pre-COVID-19 Level Of Production, Sales
Suzuki Motor Corporation Chairman Osamu Suzuki on Saturday said the Indian market is expected to recover from the coronavirus pandemic and its group companies in India will make best efforts to recover production and sales to reach preCOVID19 levels. I...
Kudlow Expects Trump Administration To Unveil Aid For Airlines In Weeks
White House economic adviser Larry Kudlow on Friday said he thinks the Trump administration will in a matter of weeks unveil additional aid for U.S. airlines, which have been dealt a blow by a coronavirus pandemic that has grounded most flights.
U.S. Job Growth Loses Speed As Fiscal Stimulus Ebbs
U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy's recovery from the deep COVID19 recession.
More Bank Mergers Loom As Bankia, Caixabank Eye Big Savings
Caixabank and stateowned Bankia are set to agree a merger to create Spain's biggest domestic lender in the coming days, two sources told Reuters, in a deal expected to lead to hefty job losses and kick off a new wave of industry consolidation.
Market Selloff: Investor Wealth Declines By Rs 2.36 Lakh Cr
Investor wealth declined by Rs 2.36 lakh crore on Friday as domestic equity markets closed deep in the red amid a global selloff. The 30share BSE Sensex tanked 633.76 points or 1.63 per cent to close at 38,357.18. During the day, it tumbled 741.17 po...
No-trade Deal Brexit Fears Rise As Talks Stumble On State Aid
The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London's insistence that it have full autonomy over its state aid plans, negotiators and diplomats said.