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Profit or not? Analysts divided ahead of Tesla's second-quarter results

Analysts' estimates for Tesla's second quarter range from an adjusted loss as steep as $2.53 a share to a $1.41 per share profit

US wants to build coalition to counter China's 'disgraceful' menace: Pompeo

US President Donald Trump identifies China as the United States' main rival, and has accused President Xi Jinping of taking advantage over trade and not telling the truth over the novel Covid outbreak

Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis

The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.

Oil prices jump 3% on coronavirus vaccine hopes, EU stimulus deal

West Texas Intermediate jumped $1.36, or 3.3%, to $42.17 a barrel

Wall Street opens higher on upbeat corporate earnings, stimulus hopes

The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.

Game changer? How $858 bn Covid-19 recovery fund will shake up EU bond mkts

The EU currently has around 54 billion euros in outstanding debt, having borrowed nothing last year and just 5 billion euros in 2018

Apple aims to remove carbon emissions from supply chain, products by 2030

Apple said it aims to achieve 75% of the goal by reducing emissions, with the remaining 25% coming from carbon removal or offset projects such as planting trees and restoring habitats

India, US closing in on a trade deal after two years of negotiations: Goyal

Both New Delhi and Washington should also look at a preferential trade pact with 50 to 100 products and move to a free trade pact in the long term, Goyal said

Gold firms near nine-year high on increased stimulus bets, silver soars

Spot gold was up 0.2% at $1,818.23 per ounce by 0510 GMT after hitting its highest since September 2011 on Monday. US gold futures rose 0.2% to $1,821.10

What EU leaders agreed on the post-coronavirus recovery package

European Commission will borrow massively on the market and then grant much of the cash, rather than lend it, to countries most in need of economic stimulus

Glenmark defends pricing of Covid-19 drug FabiFlu, says it is economical

Glenmark also denies making any claims that "favipiravir alone" is effective in treatment of mild-to-moderate Covid-19 patients

Uber defends business model at UK's Supreme Court over workplace rights

Uber says its practices have been used for decades by private hire vehicles known as minicabs, which cannot be hailed in the street like traditional taxis

Oil steady as vaccine news counters rise in coronavirus cases, fuel demand

Brent futures were up 15 cents, or 0.4 per cent, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83

Adevinta wins auction to buy eBay's classified ads unit for $9 billion

The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to prolonged lockdowns and social distancing measures

Oil major Chevron to buy Noble Energy in $5 billion all-stock deal

The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble's Friday close. The deal would value Noble at roughly $13 billion, including debt

India seeks new preferential treatment from US on drugs, other goods

India accounts for 40 per cent of US generic drug imports, including the anti-malarial hydroxychloroquine, touted by US President Donald Trump in the fight against Covid-19.

GSK buys 10% stake of German biotech firm CureVac in $164-million deal

GSK and CureVac, backed by Bill Gates, will work on developing up to five so-called mRNA-based vaccines and monoclonal antibodies (mAbs) for infectious diseases, they said.

S&P 500 gains on promising Covid-19 vaccine data, more stimulus hopes

US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients

Pfizer-BioNTech potential Covid-19 vaccine shows promise in additional data

The companies said the data also demonstrated an induction of high level of T-cell response against the novel coronavirus

How Reliance Jio's Google deal in India threatens Chinese mobile market

Powered by a clever mix of Bollywood, cricket-driven marketing and product features such as powerful cameras, the Chinese firms at present sell roughly eight of every 10 smartphones in the country