Business News

Canadian firms such as Shopify Inc and Blackberry Ltd have helped develop a mobile contact testing app for the novel coronavirus, Prime Minister Justin Trudeau said on Thursday.

Johnson & Johnson is in talks with multiple governments and global organisations as it seeks to develop a COVID-19 vaccine, it said on Thursday after Reuters reported that the U.S. company is in talks over a potential EU supply deal.

U.S. Treasury yields fell on Thursday after cases of the novel coronavirus rose in several U.S. states, raising concerns that the economy may not bounce back as quickly as hoped. Several U.S. states reported a surge in new coronavirus infections on Wednesday and the daily count of infections also hit a new benchmark in California and Texas. Around 400 workers also tested positive for the virus at an

Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.

The Brazilian subsidiary of France's Engie SA is considering buying from local state-run oil company Petrobras its remaining 10% stake in the natural gas pipeline company TAG, given the positive performance of the business, Engie Brasil's Chief Executive said on Thursday.

DoorDash said https://blog.doordash.com/doordash-raises-additional-capital-from-new-investors-8e3dc6303322 on Thursday it was looking to raise about $400 million from investors, valuing the food delivery company at about $16 billion ahead of its initial public offering (IPO).

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Podcasts featuring Batman, Wonder Woman and Superman will soon stream on Spotify as the Swedish music streaming company has signed a deal with AT&T Inc's Warner Bros and DC Entertainment.

Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.

U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.

Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.

* Futures down: Dow 0.91%, S&P 0.72%, Nasdaq 0.18% (Adds quote, details; updates prices)

Medtronic said on Thursday it had partnered with Foxconn to boost production of its ventilators to 10,000 over the next year amid surging demand as the respiratory disease caused by the new coronavirus overwhelms hospitals.

U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.

Pfizer Inc and Sangamo Therapeutics Inc said on Thursday their gene therapy helped maintain levels of a vital protein for up to 14 months in patients with a rare genetic disorder in which blood does not clot easily.

The British government will abandon the centralised model of its coronavirus test-and-trace app and switch to one based on technology provided by Apple and Google, the BBC reported on Thursday.

Manchester City's 3-0 win over Arsenal as the Premier League returned to action on Wednesday attracted a peak of 3.4 million viewers, a 94 percent increase on the season's average audience, according to broadcasters Sky Sports.