Business News

EasyJet aircraft took to the skies for the first time since March 30 on Monday, as the British carrier resumed a small number of mainly domestic flights after weeks of lockdown.

Japanese Defense Minister Taro Kono said on Monday that he had halted plans to deploy the Aegis Ashore air defense radar that can track and target ballistic missiles in space in two parts of Japan.

Long queues of shoppers snaked outside some stores in England from early in the morning on Monday, with discount fashion retailer Primark proving a big draw as non-essential shops reopened their doors after 83 days of lockdown.

Emerging market stocks were headed for their worst day in more than three weeks on Monday, due to concerns over a second wave of coronavirus infections and subdued industrial data from China.

Fears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt.

Finland's Nokia Oyj said on Monday it had partnered with Broadcom to develop chips for 5G equipment in its third such deal following ones with Intel and Marvell.

U.S. auto safety regulators will unveil on Monday a voluntary effort to collect and make available nationwide data on existing autonomous vehicle testing.

U.S. electric vehicle maker Tesla Inc's China car registrations in May jumped 150% month on month, data from auto consultancy LMC Automotive showed.

* Board member also criticises Cerberus demands for change (Adds detail)

Japanese shares slipped to near three-week low on Monday as concerns about a spike in new cases of COVID-19 worldwide poured cold water on hopes of a quick recovery from a coronavirus-driven global recession.

European shares tumbled on Monday as concerns of a second wave of coronavirus infections grew with Beijing reporting a record number of new cases, while underwhelming economic data from China also weighed on sentiment.

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr

The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019, the biggest increase in three years and outpacing sales of battery-powered cars, according to the International Energy Agency (IEA).

Commerzbank will announce "considerably" more branch closures and job cuts when lays out its strategy review, a member of the bank's supervisory board said on Monday as he criticized a public campaign for change by a top investor, Cerberus.

Unilever Plc said on Monday it will invest 1 billion euros in a fund to invest in climate change projects and reduce to net zero greenhouse gas emissions from all its products by 2039, 11 years ahead of the Paris Agreement deadline.

Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data from China also weighed on investor sentiment.

BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels, the oil major said on Monday.

Stock market gains have further to run and investors are still under-pricing the scale of the world's coronavirus recovery, investment bank Morgan Stanley said in an outlook note.

Hong Kong's Disneyland theme park said on Monday it will reopen on June 18 to a reduced number of visitors and with enhanced health measures after the coronavirus outbreak forced it to close in late January.

Canadian oil sands companies have shelved nearly C$2 billion in green initiatives in a cost-cutting drive to weather the coronavirus pandemic, a reversal in some of their commitments to reduce emissions and clean up their dirty-oil image.