Business News

Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.

Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge.

Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.

A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

Spain and its European allies will not accept any threats over a proposed tax on internet giants' revenues, government spokeswoman Maria Jesus Montero said on Thursday, a day after Washington decided to pull out of talks on the matter.

* Cut three times since COVID-19 lockdown begun in March (Adds analysts, detail, bullet points)

Russia's state nuclear company Rosatom said on Thursday it has teamed up with France's Framatome and GE Steam Power from the United States to bid in a tender to build Bulgaria's Belene nuclear power plant project.

The European Union is ready to go it alone with taxing digital services of firms like Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday.

* Siemens Gamesa falls on CEO change, warning of loss (Adds comments, details, updates prices)

Equities and currencies in the developing world were muted on Thursday as support from sustained stimulus measures to revive economic growth was countered by a resurgence in COVID-19 cases.

* Infrastructure players likely interested, analysts say (Adds analyst, operator Woodside comments)

PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.

Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

China's securities regulatory said on Thursday it had approved JPMorgan Futures as the first fully foreign-owned futures company in the country, and that it would bring in more qualified foreign shareholders as it further opens up the market.

China's Oppo cancelled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to shun Chinese products.

A look at the day ahead from Senior FX Correspondent Saikat Chatterjee. The views expressed are her own.

Russia's state nuclear company Rosatom said on Thursday it had signed a memoranda of understanding with France's Framatome and GE Steam Power to work together to participate in a tender to build the Belene Nuclear Power Plant (NPP) in Bulgaria.

European shares retreated at the open on Thursday as a spike in COVID-19 cases in China and some U.S. states triggered fears of a second wave of infections, knocking back hopes of a swift recovery from the pandemic-led economic slump.

Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.

Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.