Business

World stocks climbed to new record highs on Monday as a promising vaccine development from Pfizer and expectations global trade ties will improve under U.S. Presidentelect Joe Biden boosted risk appetite.

Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

Markets started to trade on the prospect of a Biden presidency and a Republican-controlled U.S. Senate last week, but the Democratic candidate’s projected victory on Saturday gave more fuel to the move.

France's economic activity is 12% lower than normal this month after the country entered a coronavirus lockdown for the second time this year, the central bank said on Monday.

The Norwegian government will not provide additional financial support for Norwegian Air , which has been hit hard by the coronavirus pandemic, the Industry Ministry and the Ministry of Transportation said in a statement on Monday.

As COVID19 threw a wrench into the cogs of car retailing, a senior Nissan board member challenged the chief operating officer to explain what the automaker was doing to adapt to a new era where customers may be reluctant to roam showrooms.

The tribunal also observed that the lender entered into a compromise to recover Rs 31.2 lakh against the loan amount. The Presiding Officer of the DRT1, Ahmedabad, Vinay Goel came down hard on the bank for sacrificing Rs 2.25 crore of taxpayers' money wh...

Europe's Airbus booked 72 jet deliveries in October, approaching last year's monthly pace for the first time since the start of the coronavirus crisis and easing concerns over a cashdepleting overhang of unwanted jets.

European lawmakers said on Friday time was running out to put in place any new trade agreement between London and the European Union before the end of an 11month transition period following Britain's departure from the bloc.

Italy recorded its highest daily number of infections on Thursday and cases surged by at least 120,276 in the United States, the second consecutive daily record as the outbreak spreads across the country.

A former Russian deputy transport minister has acquired a controlling stake in weapons maker Kalashnikov, the company said on Friday.

Honda Motor Co on Friday more than doubled its fullyear operating profit forecast as it reported secondquarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic.

Toyota Motor Corp more than doubled its fullyear operating forecast on Friday amid a rebound in sales in China that were hit by the coronavirus pandemic earlier this year, even as it reported secondquarter operating profit slid 24%.

The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID19 pandemic intensifies and fiscal stimulus ends.

The European Union agreed Thursday on a set of rules for allowing nonmember countries like the United States or Britain to take part in dozens of potentially lucrative defense projects.

The Bank of England increased its already huge bondbuying stimulus by a biggerthanexpected 150 billion pounds ($195 billion) as it sought to cushion Britain's struggling economy against the hit from a second coronavirus lockdown.