Business

Boeing Co said on Friday it will begin delivering commercial airplanes capable of flying on 100% biofuel by the end of the decade, calling reducing environmental damage from fossil fuels the "challenge of our lifetime."

The Senate Finance Committee unanimously approved Janet Yellen's nomination as the first Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.

Wall Street's main indexes slipped on Friday after hitting record levels in the prior session, as shares of bluechip technology stalwarts Intel and IBM tumbled following their quarterly results.

In the national capital, the price of 22-carat gold is Rs 48,410 per 10 grams. Whereas for buying 10 grams of 24-carat gold, you will have to pay Rs 52,810.

Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blankcheck acquisition firm at a valuation of around $5 billion, according to people familiar with the matter.

The European Central Bank warned on Thursday that a new surge in COVID19 infections poses risks to the euro zone's recovery and reaffirmed its pledge to keep borrowing costs low to help the economy through the pandemic.

British manufacturers' concerns about shortages of lowwage workers and supplies have risen the most in almost 50 years, a survey showed on Thursday, as they wrestle with COVID19 disruptions and new customs rules after leaving the European Union.

Drugmaker Eli Lilly said Thursday its COVID-19 antibody drug can prevent illness in residents and staff of nursing homes and other long-term care locations.

Volkswagen faces a fine of more than 100 million euros ($121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the world's largest carmaker said on Thursday.

Two former CEOs of private bank Julius Baer were reprimanded on Thursday by Switzerland's financial regulator after an inquiry into money laundering in Venezuela and corruption at soccer's world governing body FIFA.

Hong Kong is considering ordering flight crew entering the Asian financial hub to quarantine for two weeks, the South China Morning Post reported on Thursday, citing sources.

United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year.

U.S. stocks opened near record highs on Wednesday, as Joe Biden prepared to take charge as U.S. President, while Netflix jumped after saying it will no longer need to borrow billions of dollars to finance its TV shows and movies.

Health insurer UnitedHealth Group Inc beat quarterly profit estimates for the fourth quarter on Wednesday, helped partly by lower medical costs due to fewer elective surgeries as hospitals made room for COVID19 patients.

Global shares climbed and the dollar eased on Tuesday before Janet Yellen's Treasury Secretary confirmation speech, in which she is expected to bolster the case for heavy fiscal stimulus in the world's largest economy.

Gold inched away from a 11/2month low touched earlier on Monday as expectations of additional fiscal stimulus in the United States buoyed bullion's appeal as an inflation hedge.