Business

Tech led the S&P 500 and the Nasdaq higher and crude prices extended their rally on Wednesday, as hopes of potential COVID19 were tempered by spiking coronavirus infections and the looming threat of new lockdowns.

American Airlines said it is restarting passenger flights to China on Wednesday, lifting the total number of U.S. weekly flights to 10 as the U.S. government continues to push for more air service between the world's two largest economies.

Unilever PLC chose Brazil, which boasts the second largest population of dogs and cats in the world, to launch a line of pet care products as it tries to offset lower sales of more traditional consumer goods.

Frontier stocks have trailed bigger emerging markets in recovering from the coronavirusinduced crash as liquidity has dried up and investors beat a hasty retreat.

Benchmark Brent oil rose to a more than twomonth high above $45 a barrel on Wednesday on hopes of an effective COVID19 vaccine and an industry report showing U.S. crude inventories fell more than expected.

The US giant has been pressing the Securities and Exchange Board of India (SEBI) to review Reliance's August deal to buy retail, logistics and other assets from Future Group for $3.4 billion including debt.

Oil prices climbed over 1% on Wednesday, after an industry report showed U.S. crude inventories have fallen more than expected, while hopes of an effective COVID19 vaccine continued to bolster sentiment.

For the lucrative business travel industry, Brian Contreras represents its worst fears.

The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.

The European Union's move to charge Amazon over alleged antitrust behavior is the bloc's latest crackdown on U.S. tech giants. Here's a look at enforcement actions taken by the EU's competition commissioner, Margrethe Vestager, in recent years.

Brazil's government might spend a further 4% of gross domestic product on emergency support measures next year if there is a second wave of COVID19, Economy Minister Paulo Guedes said on Tuesday.

Once again, troops are rushing into a rugged corner of Ethiopia that has been at the heart of momentous events for decades, from war with Eritrea to the toppling of a Marxist dictatorship.

European Union regulators have filed antitrust charges against Amazon, accusing the ecommerce giant of using data to gain an unfair advantage over merchants using its platform.

Norwegian Air's cash crisis could force the debtladen budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on Tuesday

The availability of a vaccine against the coronavirus would be a game changer for Germany's economy, boosting growth significantly, the head of the Kiel Institute for the World Economy (IfW) said on Tuesday.

Global demand for oil is running about 5 million to 6 million barrels per day (bpd) below precoronavirus crisis levels and OPEC with its allies is likely to prolong its existing cuts, the head of trading house Gunvor said on Monday.