Business

The COVID19 pandemic will mean holidaygoers will shy away from larger hotels for the foreseeable future in favor of boutiques and home rentals, the CEO of Indiabased hospitality startup Oyo Hotels and Homes told Reuters.

British factory output recovered some ground lost to the COVID19 pandemic as output rose in August at the fastest pace in more than six years, albeit from a low level, a survey showed on Tuesday.

Getting a coronavirus vaccine from manufacturing sites to some parts of the world with rural populations and unreliable electricity supply will be an immense challenge, given the need to store some vials at temperatures as low as minus 80 degrees Celsius...

AstraZeneca has expanded its previous agreement with Oxford Biomedica to massproduce the British drugmaker's COVID19 vaccine candidate, as it looks to scaleup supply ahead of a possible fasttrack approval from the United States.

The instalments have to be paid by February 7 of every succeeding year and any default will accrue interest. Non-payment will also invite contempt of court proceedings.

Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period.

When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824.

The European Central Bank has no reason for now to add to its stimulus measures as disruptions related to the recent surge in coronavirus infections were already factored into its policy, ECB board member Isabel Schnabel told Reuters.

Brazil's official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government could face a funding crisis next year.

Japanese Prime Minister Shinzo Abe's decision to step down on Friday because of worsening health will formally put an end to his "Abenomics" strategy, which tried to revive the world's thirdlargest economy after decades of stagnation.

At the interbank forex market, the domestic unit opened at 73.26 against the US dollar, then gained further ground and touched 73.25 against the greenback, registering a rise of 14 paise over its previous close.

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to preCOVID levels in a well supplied market.

The BSE Sensex was trading 520.67 points or 1.32 per cent higher at 39,987.98; while the NSE Nifty was up 141.05 points or 1.21 per cent at 11,788.65.

Qatar announced changes to its labour laws on Sunday, raising the minimum wage by 25 percent to 1,000 riyals ($275) a month and scrapping a requirement for workers to get permission from their employers to change jobs.

Stocks that moved heavily or traded substantially Friday:

This can be done by the Reserve Bank monetising the state governments' debts, enlargement of Ways and Means Advances (WMA), or taking recourse to the National Small Savings Fund, they said.