Business News

Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions.

Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic.

With no truly safe bets during a wild year for financial markets, there's now a hunt to cover all eventualities and Japan's yen could offer a peculiar twin role.

Denmark proposes to create a fund for the state, possibly together with private investors, to inject 10 billion Danish crowns ($1.52 billion) into large companies struggling during the coronavirus crisis, newspaper Borsen said.

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

The coronavirus pandemic has raised the chance Japan's economy will slip back into deflation as social curbs to halt the spread of the disease hits businesses and consumers, a majority of analysts polled by Reuters said.

The Hong Kong government hit back on Friday at a report by Britain criticising Beijing's move to impose national security legislation on the global financial hub, saying the report was "inaccurate and biased".

* China to launch 35th and final Beidou-3 satellite this month

Japanese drug-discovery company PeptiDream Inc said on Friday it would collaborate with Merck & Co in developing COVID-19 therapies.

Asian shares fell sharply on Friday after Wall Street and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns.

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Oil prices slid early on Friday, extending heavy overnight losses on a surge in U.S. coronavirus cases this week that has raised the prospect of a second wave of the outbreak slamming demand in the world's biggest consumer of crude and fuel.

Twitter on Thursday said it removed more than 170,000 accounts tied to a Beijing-backed influence operation that deceptively spread messages favorable to the Chinese government, including about the coronavirus.

U.S. wheat futures fell to a near three-week low on Friday, as forecasts for ample global supplies pushed the grain on track for a weekly loss of 3.5%.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.

Alphabet Inc's Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.

(This June 10 story corrects second paragraph to say facility makes antibody drugs, not viral vaccines)

Zoom Video Communications Inc said on Thursday the Chinese government demanded the termination of four public meetings held on its video conferencing platform on June 4 to commemorate the 31st anniversary of China's Tiananmen Square crackdown.