Oil prices were broadly stable on Thursday as Brent erased losses in early European trading ahead of a meeting of OPEC members and their allies against the backdrop of demand concerns over new coronavirus cases in China and elsewhere.
The Japanese yen strengthened slightly on Thursday as growing concerns about a rise in new coronavirus cases underpinned safe-haven demand for the currency, while the U.S. dollar was little changed versus the euro.
Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.
China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.
Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom's Czech operations in the city of Brno, was frustrated with staff video calls. His team didn't like turning on their cameras and the discussion was stilted.
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.
Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.
Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.
The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.
Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.
The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.
Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.