Business

China accused Britain on Wednesday of improperly attacking Chinese tech companies after the British government proposed a law to block market access to telecom equipment giant Huawei and other vendors that are deemed highrisk.

Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the runup to its debut in the S&P 500, extending a meteoric rally that has seen it surge over 500% this year.

Tokyo will urge bars and restaurants to operate shortened hours, the latest restriction to be implemented in Japan following sharp rises in COVID19 infections, media reported on Wednesday.

Monro Inc, an operator of U.S. car service and tire centers, is under pressure from an activist investor to improve returns and change operations, people familiar with the matter said on Tuesday.

Stocks that moved heavily or traded substantially Tuesday:

RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again.

Saudi Aramco said on Tuesday its domestic fuel supplies were not affected by an attack from Yemen's Houthi group on a petroleum products distribution plant in the north of Jeddah city, with operations resuming three hours after the incident.

Are dining tents a safe way to eat out during the pandemic?

Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the matter said.

British Airways put crockery, slippers and trolleys from its now retired jumbo jets up for sale on Monday, seeking to shift retired stock and keep its brand on customers' minds at a time when very few people are travelling.

GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a digital healthcare firm valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday.

AvePoint Inc, a data management firm backed by investment firm Sixth Street, will be taken public via a merger with blankcheck company Apex Technology Acquisition Corp, in a deal valued at $2 billion, the companies said.

Oil prices extended gains on Monday as traders eyed a recovery in crude demand thanks to successful coronavirus vaccine trials, although prices were contained by renewed lockdowns in several countries.

President Donald Trump positioned himself as a friend of New England's lobstermen, but members of the industry said they are looking forward to something that has been lacking in the crustacean business: stability.

Italy's government has approved a new package worth around 10 billion euros ($11.9 billion) to support businesses hit by the second wave of the coronavirus pandemic.

China's longawaited nationwide emissions trading scheme (ETS) will cover a total of 2,267 power plants in its first phase, according to government consultation papers.