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Rolls-Royce rescue plan flies as shareholders back 2 bn pound rights issue

Airlines pay Rolls based on how many hours its engines fly and a plunge in flying during the crisis has put Rolls's finances under intense scrutiny.

UK starts real-time review of Moderna's Covid-19 vaccine candidate

Moderna said earlier this month it was going to apply for real-time reviews of its experimental Covid-19 vaccine to Europe, following rolling reviews of shots of its rivals Pfizer Inc and AstraZeneca

Chevron to lay off about 25% of Noble Energy employees after merger

The job cuts come after the company promised to lower its operating expenses by $1 billion this year in the face of sharply lower energy demand

Spain to hike taxes on large companies, high earners in 2021 budget

Governments around the world have so far said very little about how they plan to pay for the cost of unprecedented levels of state support to virus-hit economies

Caterpillar earnings decline as economy woes deter equipment purchases

The company did not provide an updated earnings guidance due to COVID-19 uncertainties

Tiffany, LVMH in indirect talks to settle dispute over $16 bn deal: Report

The two parties could be looking to slightly lower the price of the deal or potentially move to a tender offer, the report said

Novartis lifts 2020 forecast as drugmakers see hospitals coping with Covid

Novartis's third-quarter core net income climbed 8% to $3.47 billion, above analysts' mean forecast of $3.32 billion

Merck says early data from Covid-19 vaccines expected this year

Initial data showing whether V591 triggers an immune response in trial participants is expected by the end of the year

S&P 500, Nasdaq rise as corporate earnings take center stage

The Dow Jones Industrial Average fell 34.20 points, or 0.12%, at the open to 27,651.18.

Drugmaker Pfizer not yet ready to release Covid-19 vaccine data

Pfizer said in a presentation that the independent monitor which will determine whether or not the trial has been successful has not conducted any interim efficacy analyses yet

Tata Motors sees better second half even as it prepares for hard Brexit

By Chandini Monnappa and Aditi Shah

Lufthansa braces for very slow recovery in passenger demand

Reliable forecasts remain impossible for the time being, but advance bookings for private trips in June next year are close to pre-crisis levels and already above them on certain days in September.

Novavax delays US trial of Covid-19 vaccine candidate to November

The US-based drug developer said data from a separate phase 3 trial being conducted in Britain was expected by the first quarter of 2021

Oil prices rise towards $41 on US Gulf shutdowns, weak outlook

Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta.

Hong Kong to further relax restrictions on restaurants, reopen beaches

All dining facilities will be able to stay open until 2am, later than the current midnight closing time.

Ankhi Das, Facebook public policy director for India, steps down

The resignation comes weeks after Facebook and Das faced questions internally from employees over how political content is regulated in India

How Samsung's ownership may change as heirs take over from late chairman

From the astronomical inheritance tax bill to potential legal obstacles, here are some of the issues the family faces as it seeks to stay on top of the business empire founded back in 1938

HSBC to accelerate restructuring plan as Q3 profit tumbles 35% due to Covid

Reported pretax profit for Europe's biggest bank by assets came in at $3.1 billion for the quarter ended Sept. 30, down from $4.8 billion in the same period a year earlier

Tiffany-LVMH deal clears regulatory hurdles with European Union nod

Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, while LVMH has countersued, alleging that the US company has been mismanaged during the pandemic

Rolls-Royce to temporarily close factories, cut benefits, says report

The group also faces strike action at one of its oldest plants, at Barnoldswick in Lancashire in the UK, in protest at proposals to shift some production to Singapore