Business

German biotechnology firm CureVac does not rule out a speedy approval process for its prospective vaccine against COVID19, its chief executive was quoted as saying on Sunday.

The U.S. Justice Department has opened a criminal probe into whether NASA's former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunarlander contract competition, two people familiar with the matter said on Friday.

The United States said on Friday it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as they defied U.S. sanctions.

The S&P 500 was near flat, hovering below record highs, on Friday as data showed the U.S. economy was still hurting from the COVID19 pandemic, adding to uncertainty over the recovery.

Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories.

German regulatory officials bought and sold Wirecard shares in ever higher volumes as the payments company edged towards collapse, the German government has revealed, prompting fresh criticism of the agency that polices finance.

U.S. worker productivity increased at its fastest pace in 11 years in second quarter as hours plunged amid the COVID19 pandemic, leading to an acceleration in labor costs.

U.S. retail sales in July increased less than expected and could slow further in the months because of spiraling new COVID19 infections and a reduction in unemployment benefit checks.

Global shares dipped on Friday after lacklustre Chinese economic data and worries about a delay in U.S. fiscal stimulus discouraged some investors from taking on risk.

Oil slipped further below $45 a barrel on Friday, giving up this week's gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply.

Indian shares rose on Friday, helped by gains in metal and bank stocks, as hopes of more stimulus to shore up an economy reeling from the fallout of the COVID19 pandemic boosted sentiment.

The BHP Group mining company must commit to not damaging Aboriginal cultural sites as its expands its operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday.

Abu Dhabi developer Aldar Properties reported a 2% rise in secondquarter profit on Thursday, although the company did not provide outlook for the rest of the year due to the COVID19 pandemic.

Shares of Vroom Inc tumbled 14% on Wednesday, as the COVID19 pandemic fueled a biggerthanexpected quarterly loss in the online used car seller's first set of results since its blockbuster market debut in June.

U.S. crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed on Wednesday.

A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S.