Business

The coronavirus pandemic will likely put a $12 trillion hole in global economic output by the end of next year, a burden far too high for insurers to cover, Swiss Re said on Wednesday.

Chinas sales of vehicles including trucks and buses rose 12.5% over a year earlier in October as the industry recovered from the coronavirus, but total purchases in the years first 10 months still were below previrus levels, an industry group reported Wed...

Etihad Airways told cabin crew on Wednesday there would be layoffs this week, an internal email seen by Reuters showed, and a company source said the airline will keep its Airbus A380 superjumbos parked "indefinitely" due to a slower than expected recover...

Louis Dreyfus Company has agreed to sell a large stake to Abu Dhabibased holding company ADQ, ending chairwoman Margarita LouisDreyfus' long search for a new investor in the 169year old commodity merchant.

China's Tencent Music Entertainment Group reported on Tuesday a betterthanexpected quarterly revenue as it added more paying users to its music streaming service, at a time when people are largely homebound due to the COVID19 pandemic.

Lyft Inc said on Tuesday it was working on a new service to take a slice of the burgeoning fooddelivery market as it works to make up for a 48% drop in quarterly revenue and a slow recovery of ridehail demand.

Lyft is still feeling the pandemic's severe impact on the ridehailing industry but its thirdquarter results show signs of a recovery from the previous three months when passengers stayed locked down.

The surge in shares of Netflix , Zoom and other of this year's stayathome corporate winners has been brought to a sudden halt by promising vaccine data suggesting a possible way out of the COVID19 pandemic.

A Taiwanese maker of processor chips for Apple Inc. and other customers plans to invest $3.5 billion to set up a U.S. subsidiary amid American concern about relying too heavily on sources in Asia for hightech components.

Ford plans to add 350 jobs at two factories to meet expected demand for electric vehicles that haven't gone on sale yet.

Adidas expects sales to fall in the last three months of the year as coronavirus lockdowns return in Europe and despite forecasting a return to growth in China and strong demand for running gear and products designed by singer Beyonce.

Heavily indebted Norwegian Air might have to halt operations in the first quarter of 2021 as it struggles with a coronavirus travel slump unless it secures fresh funding, the budget carrier said as it reported thirdquarter results.

Value stocks notched their best oneday performance against their growthfocused peers ever, by one measure, after Monday's news of an effective vaccine against the coronavirus sent investors into shares of companies expected to benefit the most from an eco...

Chip maker NVIDIA Corp on Monday announced that Hyundai Motor Group will use the NVIDIA DRIVE invehicle information and entertainment system for all its Hyundai, Kia, and Genesis models from 2022.

Wall Street's three major indexes hit record highs on Monday as the first positive data from a latestage COVID19 vaccine trial prompted hopes that an economic recovery from the pandemicdriven crisis was finally in sight.

The company that owns niche brands like The North Face and Vans is adding to that portfolio with Supreme, a slick brand that caters to skateboard and hip hop crowds.