Reuters Business News

Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, Dutch news agency ANP reported.

Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic.

The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.

South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.

LVMH 's board met this week to discuss the fallout from the coronavirus crisis on its $16.2 billion purchase of U.S. jeweller Tiffany , the luxury goods group said on Thursday, opening the door to a possible attempt to review the deal terms.

LVMH said on Thursday it did not plan to buy shares in Tiffany on the market, which would be one way for the French luxury goods group to buy the U.S. jeweller for less than the $16.2 billion agreed in last year's acquisition deal.

General Motors will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) as it ramps up electric production in the world's biggest auto market, a senior executive said.

A South Korean court said on Thursday it will review the prosecution's request for an arrest warrant for Samsung Electronics vice chairman Jay Y. Lee.

U.S. senators will announce a bill this week expanding sanctions on Russia's Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.

Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.

JOHANNESBURG - World-leading renewables companies are lining up to invest in South Africa's energy sector and help remedy a chronic generation shortfall that pushed the continent's most advanced economy into recession even before the COVID-19 pandemic struck.

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.

The energy industry's bet that a petrochemicals boom would support decades of oil and gas sales growth is on shaky ground as an already saturated plastic market is hit by a coronavirus demand shock.

Ford Motor's China ventures have reported year-on-year sales growth for May in a sign of how the world's biggest auto market is continuing its recovery from coronavirus-induced lows.

LVMH CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on Wednesday.

German sportswear firm Adidas said on Thursday that sales had returned to growth in greater China faster than it had expected after the coronavirus lockdown, while the reopening of business in Europe and the Americas was going more gradually.

Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen's electric push while staggered taxes for polluting combustion-engined cars will penalise sports utility vehicles.

Carnival Corp's Princess Cruises on Thursday extended the suspension of some of its voyages in Australia, Canada and Taiwan as ports around the world remain shut due to the coronavirus crisis.

German agrochemicals group Bayer AG has been blocked from selling its dicamba herbicide in the United States after an appeals court rejected a federal regulator's permit for the product.

Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record output cuts, heightened by worries over a huge build in U.S. distillate inventories.