Business

The United States government will pay Johnson & Johnson over $1 billion for 100 million doses of its potential coronavirus vaccine, its latest such arrangement as the race to tame the pandemic intensifies, the drugmaker said on Wednesday.

While U.S. economic growth slowed in July, the rebound could pickup in the third quarter and the economy could reach prepandemic levels by the end of next year, Federal Reserve Vice Chairman Richard Clarida said Wednesday.

Bookmaker William Hill reported lower firsthalf profit on Wednesday and said it was shutting 119 more shops as it shifts towards online betting and expansion in the U.S. market.

Gold jumped to a record high on Wednesday, pushing further past the $2,000 mark in the face of a weak dollar, falling U.S. Treasury yields and expectations of more stimulus measures for the pandemicravaged global economy.

Oil prices firmed on Wednesday after data showed a big drop in U.S. crude inventories, although concerns mounting coronavirus infections will lead to reduced fuel demand capped gains.

British new car registrations rose by roughly 11% year on year in July, according to preliminary industry data for the first full month that showrooms were allowed to reopen across the United Kingdom as lockdown measures eased.

Malaysia's palm oil inventories at endJuly likely plunged 11.94% from June to threeyear lows, as production slumped due to a worsening labour shortage amid the coronavirus outbreak.

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Gold surged to a record high on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirushit economy and a broad swath of Wall Street edged up as investors awaited more aid from Washington.

Carbon emissions from shipping rose in the sixyear period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.

The S&P 500 and Dow were subdued on Tuesday as SinoU.S. tensions escalated following President Donald Trump's moves to force a sale of TikTok's U.S. operations, with investors also disappointed by quarterly results from Ralph Lauren and AIG.

On a summer's evening, the streets of central London echoed to what has become a rare sound during the coronavirus pandemic: the chatter and laughter of diners seated at terrace tables.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirusled store closures and a slowdown in demand for luxury goods across the world.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirusled store closures and a slowdown in demand for luxury goods across the world.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirusled store closures and a slowdown in demand for luxury goods across the world.

Typically a boon for emerging markets, this year's plunge in the U.S. dollar may fail to boost the developing world's prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking.