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Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 21 weeks ago
Scrub that: Pandemic forces ship owners to shelve anti-pollution gear
Ship owners are postponing or cancelling the installation of "scrubbers" that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances.
Categories: Business News
Luxury food industry turns sour amid global coronavirus lockdowns
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.
Categories: Business News
Oil falls, rally ends as U.S. sees resurgence of coronavirus infections
Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world's top consumer of crude and fuel.
Categories: Business News
Pandemic heightens chance Japan slides back into deflation: Reuters poll
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.
Categories: Business News
Oil prices extend slump as U.S. coronavirus cases climb
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.
Categories: Business News
Google's new rules clamp down on discriminatory housing, job ads
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.
Categories: Business News
Japan's Fujifilm to spend $928 million to double capacity of Danish drug facility
(This June 10 story corrects second paragraph to say facility makes antibody drugs, not viral vaccines)
Categories: Business News
Zoom says China demanded shutting activists' accounts over Tiananmen event
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.
Categories: Business News
Taco Bell parent Yum sues Grubhub for alleged violation of delivery deal
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe's Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
Categories: Business News
Palantir close to registering for stock market debut: sources
Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said.
Categories: Business News
A month into reopening, no clear turn for U.S. economy or pandemic
A month into efforts to broadly reopen the U.S. economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed more than 112,000 Americans.
Categories: Business News
Asian stocks set to fall sharply as Wall Street tumbles
Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.
Categories: Business News
Factbox: What changes are companies making in response to George Floyd protests?
The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:
Categories: Business News
Apple, YouTube unveil $100 million funds to support black causes amid U.S. protests
Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.
Categories: Business News
Stock tumble gives brutal reminder of pandemic fear
A stock market that shook off the coronavirus pandemic, economic devastation and sky-high equity valuations was reminded of all three on Thursday, as Wall Street took its biggest dive in three months.
Categories: Business News
Wall Street's 'fear gauge' jumps on fears of coronavirus resurgence
The Cboe Volatility Index, known as Wall Street's "fear gauge," jumped to its highest level in more than a month on Thursday as concerns over a resurgence of the novel coronavirus pandemic felled U.S. stocks.
Categories: Business News
LATAM Airlines bondholders in talks to supply up to $1.5 billion loan, sources say
A group of bondholders of LATAM Airlines Group SA is in talks to supply up to $1.5 billion in a debtor-in-possession loan within the Chapter 11 proceeding in the United States, two people with knowledge of the matter said on Thursday.
Categories: Business News
Google sues Sonos, escalating wireless speaker battle amid trade panel probe
Google filed a lawsuit accusing home speaker maker Sonos Inc of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe.
Categories: Business News
Microsoft bans face-recognition sales to police as Big Tech reacts to protests
Microsoft Corp said on Thursday it would await federal regulation before selling facial recognition technology to police, making it the latest big firm to back away from the business following protests against law enforcement brutality and bias.
Categories: Business News
Latin America must restart air travel by July to avoid bankruptcies: trade group
Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said on Thursday.
Categories: Business News
