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Tech giants to face tougher new rules, says Europe's digital chief

European Vice-President and Competition Commissioner Margrethe Vestager is due to announce the new rules known as the Digital Services Act and the Digital Markets Act on Dec. 2

Facebook quarterly revenue beats estimates, rises to $21.47 billion

Net income came in at $7.85 billion, or $2.71 per share, compared with $6.09 billion, or $2.12 per share, a year earlier

Ant Group's Shanghai retail book listing 872 times oversubscribed

Ant is poised to raise about $17.2 billion on Shanghai's STAR Market and roughly the same in Hong Kong, shattering the record set by Saudi Arabian Oil Co

Exxon to cut 14,000 jobs as coronavirus pandemic dents oil demand

By Jennifer Hiller

Wall Street rebounds ahead of tech earnings, upbeat US data helps

The rebound came after a more than 3 per cent slide a day earlier in Wall Street's major indexes, underscoring heightened market volatility ahead of the presidential election next week

Three dead as woman beheaded in attack in French church; security hiked

A defiant President Emmanuel Macron, declaring that France had been subject to an Islamist terrorist attack, said he would deploy thousands more soldiers to protect important French sites

LVMH and Tiffany end luxury battle, cut price on $16 billion takeover

The transaction, which has received regulatory clearance, is expected to close in early 2021, subject to Tiffany shareholder approval

ECB eyes more bond buys, cheap loans in December as Covid-19 pandemic hits

Lagarde said ECB staff were already working on "all instruments"

Exxon to cut 14,000 jobs, including 1,900 in US, as Covid-19 hurts demand

The cuts would include everything from layoffs to retirements or performance-based exits

American Express commits $1 bn to promote racial, gender equality

The company also said it intends to double its spending on diverse and minority-owned suppliers in the United States, as well as provide grants to non-profit organizations by the end of 2024

IMF tells Britain to keep spending to fend off coronavirus crisis

IMF staff said increases in the rate and scope of major taxes would be almost inevitable.

Donald Trump, Joe Biden zero in on critical battleground of Florida

With its 29 electoral votes, the state is a major prize in next Tuesday's election. Trump's victory in Florida in 2016 was key to his surprise election win.

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

Vodafone Idea Q2 revenue declines 0.5% as subscriber losses hurt

Consolidated loss came in at Rs 7,218 crore ($976.16 million) for the period ending Sept. 30, compared with a loss of Rs 50,922 crore a year earlier

India Sept infrastructure output contracts 0.8% compared to year-ago period

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity, accounts for nearly 40% of industrial output

Activists urge 'Big Pharma' to be transparent on Covid-19 vaccine costs

Medecins Sans Frontieres (Doctors Without Borders) demanded that companies provide details around price, supply and distribution of any vaccine proven safe and effective

Japan automakers post 2.1% dip in Sep global sales on subdued demand

Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier as the coronavirus pandemic continued to hurt demand even as factories and dealerships reopen

India's gold demand could recover during Q4 on festival shopping: WGC

Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious

Japan Sep retail sales fall 8.7% y-o-y as shopping appetite remains subdued

Japanese retail sales fell 8.7% in September from a year earlier, down for a seventh straight month, government data showed, as the coronavirus pandemic kept a lid on consumers' shopping appetite

Boeing deepens job cuts as Covid-19, 737 Max grounding extend losses

The US planemaker also said it was sticking with reduced production rates announced in July, and signaled it was ready to cut 787 production again if needed with 50 undelivered jets sitting outside