Business
UAW, US Attorney Reach Deal To Reform Union After Scandal
The United Auto Workers and the U.S. attorney's office in Detroit say they have reached a settlement to reform the union in the wake of a wideranging bribery and embezzlement scandal.
Liz Weston: Got Life Insurance? You May Not Have Enough
You probably need life insurance if your death would cause financial hardship to someone else. If the only coverage you have is through your job, though, you may not have enough.
Burger King India Opens Strong as Shares Debut at Rs 115.35 — a 92% Premium
The listing premium was better-than-expected given the stellar subscription and consistent strong revenue growth as well as store additions over the past more than five years of operations.
5 Options That May Provide You Decent Income Post Retirement
In old age, healthcare expenses also go up. So, after retirement, it is necessary to look for more sources of income to cope up with the increasing expenses and live a tension-free life.
UAE’s Non-oil Economy To Grow 3.6% In 2021 - News Agency
United Arab Emirates' (UAE) nonoil gross domestic product (GDP) is expected to grow by 3.6% in 2021, state news agency WAM reported on Saturday citing central bank estimates, suggesting the economy will rebound from an expected contraction in 2020.
Oracle Says It Will Move HQ From Silicon Valley To Texas
Tech giant Oracle Corp. said Friday it will move its headquarters from Silicon Valley to Austin, Texas, and let many employees choose their office locations and decide whether to work from home.
AMC Entertainment To Get $100 Million Investment From Mudrick Capital
AMC Entertainment Holdings said on Friday it will get $100 million as an investment from Mudrick Capital Management, a shot in the arm for the cashstrapped movie theater operator struggling with delayed Hollywood releases and theater closures.
Oil Set For Weekly Gain Amid Coronavirus Vaccine Progress
Oil prices eased on Friday, but were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.
Morgan Stanley To Shift $120 Billion To Germany In Post-Brexit Move - Source
Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday.
Brent Rises Above $50 A Barrel For First Time Since March On Vaccine Optimism
Oil prices climbed more than 4% on Thursday, with Brent surging above $50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out COVID19 vaccines.
Singapore Bank DBS To Launch Digital Exchange As Demand For Virtual Currencies Soar
DBS Group Holdings, Southeast Asia's biggest bank, is to set up an exchange for digital assets, including cryptocurrencies, that will provide tokenisation, trading and custody services to institutional and accredited investors.
US Govt, 48 States Sue Facebook For Abusing Market Power To 'Crush' Smaller Competitors
The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Com...
EU-UK Leaders' Dinner Seen Authorising More Trade Talks - Diplomat
European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson are expected to agree over Brussels dinner on Wednesday that more trade talks are needed and a new EUUK partnership pact is still possible, a diplomat said.
U.S. Airlines Await Fresh Aid As Near Term Outlook Worsens
U.S. airlines were awaiting progress on COVID19 relief proposals in Washington that could include another $17 billion in payroll support for an industry bracing for a renewed slump in air travel as cases spike across the country.
Trump EPA Raises Bar For Justifying New Clean Air Regulations
The U.S. Environmental Protection Agency will announce on Wednesday its final rule changing how it measures the costs and benefits of proposed new curbs on pollution, a move likely to limit the incoming administration's power to impose stringent regulatio...
Sensex Crosses 46,000-Mark in Historic High, Nifty at New Peak as D-Street Cheers Vaccine Progress
Asian Paints was the top gainer in the Sensex pack, rising around 3 per cent, followed by Kotak Bank, Axis Bank, HDFC Bank, Infosys, Reliance Industries and ITC.