Business
ArcelorMittal Beats Profit Expectations After Lockdown Low
ArcelorMittal, the world's largest steelmaker, reported thirdquarter core profit above expectations on Thursday as the easing of COVID19 lockdowns led to improved demand in all regions.
Australia Signs Two More COVID-19 Vaccine Deals
Australia signed two deals on Thursday to buy 40 million doses of COVID19 vaccines from Novavax and 10 million from Pfizer and BioNTech as the country's virus hot spot reported zero cases for the sixth straight day.
UK PM Johnson: We Will Do Whatever It Takes To Back British Business
British Prime Minister Boris Johnson promised on Wednesday to do whatever it takes to support British businesses and help them bounce back from the coronavirus pandemic.
Edmunds: Where Are Our Self-driving Cars?
Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying, It may do the wrong thing at the worst time, so you must always keep your hands on the wheel and pay extra attention to the roa...
Asian Shares Wary, Bonds Rally As U.S. Vote Proves Painfully Tight
Asian share markets turned skittish on Wednesday, paring early gains as results from the U.S. Presidential election showed an agonisingly close race with no clear winner yet in sight.
Arista, Cirrus Rise; SolarEdge, Pacific Biosciences Fall
Stocks that moved heavily or traded substantially Tuesday:
ECB May Cut Support For Indebted Countries In Nudge Towards EU Loans
The European Central Bank could offer less generous support for indebted governments when it puts together a further stimulus package next month, to push them to apply for European Union loans tied to productive investments, sources told Reuters.
BNP Paribas Profits Boosted By Trading Boom
A surge in currency and commodity trading in the third quarter helped to put BNP Paribas on track to beat its earnings guidance for 2020 despite a squeeze on margins from low interest rates.
Lack Of Passenger Flights Squeezes Air Freight Capacity In Peak Season
A sharp fall in passenger flights due to the coronavirus pandemic combined with rising ecommerce demand is setting the stage for tight capacity and a renewed rise in air freight rates heading into the peak Christmas season.
Restaurant Chains Hit By Virus File For Bankruptcy
The coronavirus pandemic was the final blow for many restaurant chains, which were already struggling with growth in third-party delivery and consumers migration away from shopping malls. On Sunday, Friendlys an 85-year-old East Coast chain known for its...
Emerging Markets Suck In $17.9 Billion During October - IIF
Emerging markets sucked in $17.9 billion of portfolio flows in October, up from $7.5 billion the month before, buoyed by an improving outlook for the global economy and strength of the tech sector, data from Institute of International Finance showed.
Walgreens Finishes McKesson Deal; Names Jarrett To Board
Drugstore chain Walgreens Boots Alliance has finished a deal to combine its pharmaceutical wholesale businesses in Germany with McKesson Corp.
Ryanair Boss Looks Beyond Summer Loss To Post-pandemic Growth
Ryanair recorded its first loss for the key summer period in 30 years as a result of the coronavirus crisis, which threatens to cut passenger numbers to half prepandemic levels next year.
Trump Changed How The U.S. Trades - Not Necessarily As Intended
U.S. President Donald Trump's "America First" trade policy torched a 70year consensus on trade liberalization, drew a harder line against China's statedriven economic model and erected new tariffs on imported steel and aluminum, alienating allies.
Ocado To Buy Two Robotics Companies For $287 Million
Ocado, the British online supermarket and technology group, said on Monday it would buy two robotics companies for a total of $287 million.
Google Ad Costs, Not Its Alleged Monopoly, Irks Businesses
When asked about Google, Bryan Clayton voices a familiar lament among small business owners.
