Business

Bharti Airtel Ltd and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm's cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday.

Desperation led lakhs of people living in cities to return to their villages in the initial days of the total lockdown in March and April this year, in a reverse migration, as their livelihoods had disappeared and living in the city entailed huge costs.

German auto parts supplier Continental AG said it expected worldwide vehicle production to decline up to 20% in the current quarter yearonyear and could not give a detailed 2020 guidance due to the impact of the coronavirus pandemic.

Germany's Commerzbank , in the midst of a leadership crisis, is set to post a loss for 2020, as it takes a writedown on loans to collapsed firm Wirecard and navigates the fallout from the COVID19 pandemic.

Oil prices fell for the first time in four days on Wednesday, slipping from as much as fivemonth highs as mounting coronavirus cases worldwide and in the United States undercut market confidence about a potential pickup in fuel demand.

Senior U.S. and Chinese officials will review the implementation of their Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during an Aug. 15 videoconference, two people familiar with the plans said.

A bipartisan group of state attorneys general urged the U.S. government on Tuesday to allow other companies to make Gilead Sciences' COVID19 treatment, remdesivir, to increase its availability and lower the price of the antiviral drug.

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The International Monetary Fund said on Tuesday that global current account imbalances narrowed in 2019 as trade slowed, and the coronavirus could narrow them further in 2020, but some commodity exporters and tourismdependent countries will swing to curre...

Sri Lanka's economy contracted by 1.6% in the first quarter of 2020, government data showed, as lockdowns related to the COVID19 pandemic battered a country still recovering from last year's Easter Sunday bomb attacks.

Amid talk of regulating investments from the northern neighbour, the study found that three Chinese investors have backed 11 of the Indian unicorns.

Diageo Plc, the world's largest spirits maker, took a 1.3 billion pound writedown as it reported a bigger than expected decline in underlying net sales on Tuesday as demand for its whisky, vodka and gin fell in nearly all markets.

British lowcost airline easyJet plans to fly at 40% of its capacity over the rest of the summer thanks to stronger than expected bookings despite continuing pandemic uncertainty.

British low cost airline easyJet said it planned to fly about 40% of its capacity over the rest of the summer, more than originally scheduled as bookings were stronger than expected despite ongoing restrictions due to the pandemic.

Indian shares rose over 1% on Tuesday, driven by a nearly 6% jump in HDFC Bank Ltd after the central bank approved the appointment of a new chief executive officer for the country's most valuable bank.

Outflows at GAM Holding were "materially lower" in the second quarter than in the first, the asset manager said on Tuesday, adding that its campaign to cut costs by at least 65 million Swiss francs ($70.8 million) this year was on track.