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Updated: 4 years 26 weeks ago
Asian stocks, oil fall as second wave fears grow
Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment.
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Asian stocks, oil sell off on second wave fears
Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors scurrying for safe-havens.
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Oil prices drop as rising U.S. coronavirus cases stoke fears of weak fuel demand
Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.
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Unilever to invest 1 billion euros in climate change fund over 10 years
Unilever Plc said on Monday it will invest 1 billion euros in a fund to invest in climate change projects and reduce to net zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the Paris Agreement deadline.
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Crunch time for China's robot startups as pandemic brings pain and opportunities
With glowing blue eyes and trusting feline features, a new robot cat by Chinese startup Elephant Robotics seems happily oblivious to the worries of CEO Joey Song as he shows it off at the company's lab in Shenzhen.
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Systemic racism slows economic growth: Dallas Fed chief Kaplan
Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday.
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Systemic racism slows down economic growth, Dallas Fed chief says
Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday.
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Wall Street Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
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CVS joins Walmart in keeping multicultural beauty products out of locked cabinets
Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.
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American Express JV gets final approval to launch operations in China
China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.
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China central bank bank approves American Express for bank card clearance business
China's central bank said on Saturday it has given American Express approval to set up a bank card clearance business in the country.
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Amazon's business practices examined by two U.S. states: reports
State investigators in both California and Washington are examining Amazon's business practices, two newspapers reported, citing people familiar with the matter.
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U.S. eases criminal record provision in coronavirus business loan program
Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.
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U.S. regulator sides with FCA in Jeep trade case against Mahindra
A U.S. regulator ruled that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV's (FCA) Jeep brand, barring the sale of the vehicles in question.
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Bankrupt Hertz to seize on speculation frenzy with $1 billion stock sale
Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom.
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Canada spy agency warned of 'shock waves' from arrest of Huawei founder's daughter
Canada's intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global "shock waves" and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new court documents show.
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Lawmakers label British Airways 'national disgrace' over jobs
British Airways was labelled a "national disgrace" by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles job cuts and new quarantine rules.
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Airbnb partners with Brazil virus hotspot Sao Paulo on post-pandemic tourism
Home rental firm Airbnb struck a partnership with Brazil's Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive said on Friday.
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Wall Street ends higher but indexes mark worst week since March selloff
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March.
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Bankrupt Hertz wins approval to offer up to $1 billion in shares
A bankruptcy judge on Friday approved Hertz Global Holdings Inc's proposal to sell up to $1 billion in shares, as the car rental firm looks to cash in on a huge speculative rise in its share price since filing for bankruptcy late last month.
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