Business

Britain plunged Brexit trade talks into crisis on Wednesday by explicitly acknowledging it could break international law by ignoring some parts of its European Union divorce treaty, prompting a rapid rebuke from the EU's chief executive.

A group of mostly male executives from Australia's top companies said in a report on Thursday that boards should be tougher in tackling sexual harassment at a time when the country is facing a number of corporate scandals.

Walmart launched a pilot program Wednesday using drones to deliver groceries and household essentials in a North Carolina city.

Credit rating agency Fitch has revised its Brexit view and now expects the UKEU trade relationship to move to World Trade Organisation (WTO) terms at the start of next year due to the lack of progress in talks.

China's foreign ministry, when asked about reports that the United States may ban some imports from China’s Xinjiang region over alleged human rights violations, said this is a pretext to oppress Chinese customers and incite instability.

Gold prices slipped on Wednesday as the U.S. dollar rose to multiweek highs ahead of monetary policy strategies from major central banks in North America and Europe.

U.S. President Donald Trump on Tuesday signed an order to extend a ban until 2032 on offshore oil drilling in the eastern Gulf of Mexico off Florida as he seeks to win support in the state ahead of the Nov. 3 election.

Asian shares fell on Wednesday and oil prices hit lows not seen since June after a rout of technology shares sank Wall Street for a third consecutive day and a major drugmaker delayed testing of a coronavirus vaccine.

Oil futures tumbled on Tuesday, with Brent dropping below $40 a barrel for the first time since June and U.S. crude off more than 8%, after Saudi Arabia cut its October selling prices amid a flareup of coronavirus cases around the world.

Nine leading U.S. and European vaccine developers pledged on Tuesday to uphold the scientific standards their experimental immunisations will be held against in the global race to contain the coronavirus pandemic.

Swedish payments firm Klarna is in talks with investors for a new round of funding which would value it at more than $10 billion, three sources said, as it attempts to expand its business in the United States.

Nasdaq futures tumbled on Tuesday as traders returning from a long weekend sold off shares of Tesla and other tech heavyweights, while simmering U.S.China tensions and concerns over a rocky economic rebound also weighed on sentiment.

Singapore state investor Temasek Holdings flagged an uncertain outlook for global economic recovery and a challenging environment for long term investors even as it reported record high private holdings in its total portfolio.

Indian Oil Corp is seeking two liquefied natural gas (LNG) cargoes for delivery over September to October through separate tenders, two industry sources said.

British engineering company Meggitt cancelled its interim dividend on Tuesday as it posted a 37% drop in firsthalf profit after the coronavirus crisis hit its business supplying parts to aerospace manufacturers.

Gold prices steadied in a tight range on Tuesday, as doubts over a global economic recovery countered pressure from a stronger dollar ahead of policy strategies from central banks in Europe and North America.