Business

The number of Americans filing new applications for unemployment benefits decreased last week, suggesting that the labor market was stabilizing as authorities started to loosen pandemicrelated restrictions on businesses.

Britain's media regulator on Thursday revoked China Global Television Network's (CGTN) licence to broadcast after it concluded that the Chinese Communist Party had ultimate editorial responsibility for the channel.

The White House and the labor leaders connected with the Retail, Wholesale & Department Store Union have discussed the group's effort to unionize an Amazon.com Inc facility in Alabama, an RWDSU official said on Wednesday.

Roche Chief Executive Severin Schwan expects COVID19 test demand to continue to surge, buoying the Swiss drug and diagnostics maker's forecast to lift 2021 sales and profit despite pressure on its main drugs business.

Rio Tinto chairman Simon Thompson is set to face further pressure over the board's handling of the destruction of sacred rock shelters in Australia after an Indigenous group accused him of breaking a personal promise, analysts said.

Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a person familiar with the matter.

The International Monetary Fund said on Wednesday it is launching a new method of assessing debt sustainability for countries with access to financial markets to more accurately predict risks of financial crises and improve transparency.

Silver rose more than 2% on Wednesday on bets for a pickup in industrial demand, regaining some ground following a sharp retreat from a near eightyear peak scaled with the help of a social mediainspired buying frenzy.

General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants.

The services sector, where most Americans work, operated in January at the highest level in almost two years.

Just a few years ago, car subscriptions looked like the next sure thing. Picking up on consumers comfort with paying monthly for the likes of streaming services or phones, many automakers introduced programs that allowed people to get a new car and a vari...

Vodafone boss Nick Read gave an upbeat assessment of the mobile operator's postpandemic prospects on Wednesday, predicting accelerating growth after it reported an increase in thirdquarter revenue.

Silver prices attempted to rally on Wednesday after a more than 8% slump in the previous session that halted a social media inspired buying spree that began last week.

Japan's Sony Corp raised its fullyear profit outlook by onethird, helped by pandemicfuelled demand for games, movies and other content, but said it was struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors.

Sony Corp.s its fiscal third quarter profit jumped 62%, positioning the Japanese entertainment and electronics giant for a record annual profit as its bottom line got a healthy boost from its megahit animation film Demon Slayer.

Hedge funds, small investors and their stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a socialmedia driven trading frenzy that has roiled stocks and silver prices.