Business News

EU antitrust enforcers, boosted by recent court victories, on Monday reinforced their case against Israeli drugmaker Teva over its deal with rival Cephalon to delay selling a generic version of its sleep disorder drug modafinil.

Canada's main stock index futures treaded water on Monday, after stocks hit a three-month high in the previous session on tentative signs of a rebound in the domestic employment rate.

Ryanair believes Britain's courts will either strike down a 14-day quarantine for international travellers this week or the government will drop the measure before the end of June, boss Michael O'Leary told Reuters on Monday.

CrossFit founder Greg Glassman has apologized for a tweet that equated the police killing of a black man in the United States to the COVID-19 pandemic, after it drew widespread criticism and resulted in footwear brand Reebok breaking its ties with the fitness regimen.

Samsung Group's leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.

Samsung Group's leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.

California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.

California-based power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month.

U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world's biggest economy has weathered the worst fallout of the coronavirus outbreak.

Japan's economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the coronavirus crisis slams the brakes on global growth and raises pressure on Tokyo to cushion the blow to business and consumers.

Britain's quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which has joined rivals in threatening legal proceedings.

Britain's quarantine plan was rushed into existence, is out of proportion and should be challenged in the courts, according to the head of easyJet which has joined rivals in threatening legal proceedings.

World stocks inched higher on Monday, adding to a 42% surge from their March lows, as a surprise jump in last week's U.S. employment data fuelled hopes of a quicker global economic recovery from the coronavirus pandemic.

Power provider PG&E Corp said on Monday it plans to raise $5.75 billion from public offerings to partially fund its emergence from Chapter 11 bankruptcy.

The Federal Reserve's most ambitious and complicated crisis relief program is set to launch in coming days but it is far from certain that the small and mid-sized businesses the $600 billion "Main Street Lending Facility" is meant to help will come clamoring for loans.

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh (Recasts, updates prices, adds graphic)

With a full three months of responding to a global pandemic under their belt, U.S. Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.

Two more liquor makers have sought listings in China, riding a wave of investor enthusiasm over spirit makers which has helped push their shares to record highs.

EasyJet could have to make further job cuts if the government's quarantine policy continues for a long period, the airline's chief executive warned.

EasyJet could have to make further job cuts if the government's quarantine policy continues for a long period, the airline's chief executive warned.