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Vaccine impact on moribund oil demand is several months away - IEA

The roll-out of vaccines this month will not quickly reverse the destruction wrought on global oil demand, International Energy Agency warned

Britain needs EU to move for mutually beneficial trade deal, minister says

'Whether there is a deal is not simply down to the actions of the Prime Minister. It needs the EU to move'

Australia's Sheffield Resources gets nod for $98 mn funding by Chinese firm

Australia's Sheffield Resources said it had received regulatory approval for an $98 million investment by a Chinese firm in the miner's flagship mineral sands project at home

FB, Twitter, TikTok face fines in UK if they fail to limit illegal content

Facebook, Twitter and TikTok face fines of up to 10% of turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain

Will pursue all avenues to defend businesses: Australia on China coal curbs

Australia's Trade Minister Simon Birmingham said he would pursue all avenues to defend the rights of the country's businesses after Chinese media reported China had banned imports of Australian coal

Oil prices dip as tighter Covid lockdowns in Europe cast shadow on demand

Oil prices dipped in early trade, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East

China's Nov industrial output grows for 8th straight month on better demand

China's industrial output grew in line with expectations in November, expanding for the eighth straight month as the economic recovery gathered pace and global demand picked up

J&J has applied to South Africa for registering coronavirus vaccine

The US firm's vaccine candidate is one of at least four Covid vaccines being trialled in South Africa, along with candidates being developed by Novavax, AstraZeneca and Pfizer

New York health worker becomes first American to get Covid-19 vaccine

Sandra Lindsay, who has treated some of the sickest Covid-19 patients for months, was given the vaccine at Long Island Jewish Medical Center in the New York City

Google services YouTube, Gmail, Drive recover after global outage

"We're back up and running!," the video platform said in a tweet

Oil prices rise on Covid-19 vaccine hopes, tanker blast at Saudi Arabia

Brent crude futures for February rose 54 cents, or 1.1 per cent, to $50.51 a barrel by 09.50 GMT, while US West Texas Intermediate crude futures for January were up 46 cents, or 1 per cent

Wall Street opens higher as travel stocks surge on vaccine roll-out

The Dow Jones Industrial Average rose 77.54 points, or 0.26 per cent, at the open to 30,123.91

OPEC cuts 2021 oil demand outlook again as pandemic impact lingers

Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report

London to move into toughest tier of Covid-19 restrictions: Report

The Daily Mirror reported that Health Secretary Matt Hancock told lawmakers on a briefing call that London would be moving into the top tier, citing those on the call

Tech giants risk EU fines up to 10% of turnover if norms violated: Report

The proposed rules, to be announced by EU digital chief Thierry Breton and EU antitrust czar Margrethe Vestager on Tuesday, are likely to affect Amazon.com, Apple , Facebook and Alphabet unit Google

Oil major Exxon Mobil plans to lower greenhouse gas emissions by 2025

The world's top oil and gas firms are under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal

Codagenix, Serum to start UK trials of nasal Covid vaccine in January

The companies said 48 volunteers will be enrolled at three dose levels and expect to begin dosing the trial participants in the first week of January

Abu Dhabi's Mubadala reviews equities fund in investment shake-up: Report

Mubadala Investment Co manages more than $230 billion in assets

Tata Sons likely to submit bid for Air India before Monday deadline: Report

A successful bidder would win control of Air India's 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas

Unilever to seek shareholder approval for its climate change plans

The company also plans to report on its progress against the plan annually starting 2022