Business

Instacart has picked Goldman Sachs Group Inc to lead its initial public offering (IPO), which could come early next year and value the U.S. grocery delivery app at around $30 billion (£23 billion), people familiar with the matter said on Thursday.

The Trump administration plans to unveil an executive order to prohibit U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter, ramping up pressure on Bei...

The Trump administration is finalizing an executive order to prohibit U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter, in a bid to ramp up pressure...

Saudi Arabia's Crown Prince Mohammed bin Salman said on Thursday the Gulf Arab state would continue to take "strong and painful" action against corruption after recovering billions of riyals in settlements over the past three years.

Embattled conglomerate Thyssenkrupp is reviewing ways to keep its electrolysis unit Uhde as demand for largescale production of hydrogen is expected to increase, three people familiar with the matter told Reuters.

The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's "Operation Car Wash", the country's biggest bribery investigation that began in 2014.

The number of Americans filing new claims for unemployment benefits fell to a sevenmonth low last week, but the pace of decline has slowed and further improvement could be limited by a raging COVID19 pandemic and lack of additional fiscal stimulus.

THIS IS A BREAKING NEWS UPDATE: APs earlier story appears below.

CureVac is still in discussions with pharma majors to find a potential partner for its experimental COVID19 vaccine, the German biotech firm's chief executive said on Thursday.

Fiat Chrysler and Engie EPS, a division of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility, the two companies said on Thursday.

The Bank of England has discussed using yield curve control in its search for new ways of boosting its firepower, but there is little need for it at the moment, Governor Andrew Bailey said on Thursday.

Japan's Nissan Motor cut its annual operating loss forecast by 28% on Thursday, albeit to a still record $3.2 billion, helped by a rebound in demand from the coronavirus crisis, particularly in China.

Nissan Motor Co Ltd revised its fullyear forecast to an operating loss of 340 billion yen ($3.23 billion) from a previous prediction for a record 470 billion yen loss.

The central bank has 'nowcast' that Gross Domestic Product (GDP) for the July-September quarter is set for a contraction of 8.6 percent.

Dhanteras is marked by offering prayers to Goddess Lakshmi and buying gold, jewellery, appliances and utensils.

Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition period ends.