Page 1319 - Reuters

Four-fifths of CEOs expect Covid pandemic to entrench remote working: PwC

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home

Vast global gap between funds needed to fight Covid-19, says WHO chief

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019

Kodak shares plunge 40% after US govt blocks $765-million loan deal

The US International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

McDonald's sues ex-CEO Easterbrook over alleged relationships with staffers

McDonald's added that Easterbrook approved an 'extraordinary' stock grant, worth hundreds of thousands of dollars, for one of those employees in the midst of their sexual relationship

Video app TikTok cannot continue in present form, says US Treasury chief

US Treasury Secretary Steven Mnuchin said the Treasury has the tools it needs to remedy the situation

Microsoft faces complex technical challenges in TikTok's takeover

Microsoft is negotiating a transition period that will give it time to ringfence TikTok technologically from ByteDance after they agree to a deal, Reuters reported on Aug 2

Unilever to scrap headquarter move if Dutch 'exit tax' law enacted

Anglo-Dutch consumer goods company Unilever said in a filing on Monday that a plan to unify its headquarters in London and scrap its Dutch base might not go ahead

Covid-19 impact: IndiGo to raise up to $534 million through share sale

The company had also announced separate plans to raise at least $268 million through the sale and leaseback of planes and other assets

German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO

German biotech CureVac B.V., which is in early stages of testing its coronavirus vaccine, said on Monday it expects to raise up to $213 million in its U.S. initial public offering (IPO).

Govt to promote manufacturing of certain products to push exports: Gadkari

The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets

Roper Technologies in $5.5 billion bid for Vertafore Inc: Report

The deal would be Roper's largest acquisition to date

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Saudi Aramco says it still plans to pay $75 billion in dividends for 2020

Payouts to minority shareholders as pledged are protected for five years

Twitter keen to buy TikTok ops in US, experts doubt it has money: Report

It isn't certain Twitter would be able to outbid Microsoft and complete such a transformative deal in the 45 days that President Trump has given ByteDance to agree to a sale

Barclays being probed by UK watchdog on accusations of spying on staff

The ICO said on Sunday a formal probe was ongoing but it could not say when the investigation would conclude

India's data-curb plan 'anathema', US tech companies plan pushback

India and USA are already at odds on such issues, as well as over digital taxes and tariffs

Lebanon's future at stake: French president tells donor conference

Lebanon's debt-laden economy was already mired in crisis and reeling from the coronavirus pandemic before the port explosion, which killed 158 people

Saudi Aramco CEO sees oil demand picking up as Covid-19 lockdowns ease

Saudi Aramco's Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.

Grounded Mauritius ship operator apologises for oil leak in Indian Ocean

The operator of a Japanese bulk carrier which ran aground off Mauritius in the Indian Ocean apologised on Sunday for a major oil spill