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SoftBank nears deal to sell Arm Holdings to Nvidia for over $40 bn: WSJ

SoftBank Group Corp is close to selling British chip designer Arm Holdings to Nvidia Corpfor more than $40 billion, a deal which would create a giant in the chip industry

Oil producers evacuate US Gulf of Mexico platforms as tropical storm brews

Chevron Corp and Murphy Oil Corp on Saturday started removing workers from offshore oil and gas platforms

Nvidia nears deal to buy chip designer Arm for more than $40 bn: Report

Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers

Gilead nears deal to buy Immunomedics for more than $20 bn: WSJ report

Gilead Sciences Inc is said to be nearing a deal to buy biopharmaceutical company Immunomedics Incfor more than $20 billion in a deal that would further expand Gilead's portfolio of cancer treatments

China would rather see TikTok US close than a forced sale by ByteDance

Trump has given ByteDance a deadline of mid September to finalise a deal

AstraZeneca resumes Oxford Covid vaccine trial after UK green signal

The late-stage trials of the experimental vaccine, one of the most advanced in development, were suspended this week after an illness in a study subject in Britain

China bans pork imports from Germany after African swine fever detected

The ban comes two days before Chinese President Xi Jinping attends a meeting via video link with German Chancellor Angela Merkel and European Union leaders

US budget deficit soars over $3 trn for first time ever due to Covid relief

The budget deficit for August was $200 billion, matching the deficit in August 2019 but lower than the $245 billion forecast by analysts in a Reuters poll

Explainer: Next steps in the TikTok diplomatic dance as deadline approaches

Microsoft Corp and Oracle Corp are among the suitors for TikTok's US assets. Operations in Canada, New Zealand and Australia are also part of the deal

US Presidential election: Will Trump benefit from recovering US economy?

Job openings, a measure of labor demand, in July soared to 6.6 million, nearly back to their pre-crisis level, a Labor Department report showed this week

Apple revises App Store guidelines, loosening some in-app payment rules

Apple has long barred catalogs of apps within apps but said Friday that it would allow streaming game companies to create such catalog apps

What happens next with UK bill breaching Brexit divorce treaty?

The EU has threatened legal action against Britain, and many lawmakers have voiced concern about the prospect of breaching an international treaty.

EU boosts 'no-deal' planning as UK refuses to blink in Brexit stalemate

Britain said explicitly this week it plans to break international law by breaching parts of the Withdrawal Agreement treaty it signed in January, when it left the bloc

Oil prices decline on high inventories, weak US stock markets

The three main US stock indexes were headed for a second-straight weekly decline as recent economic indicators suggest a long and difficult recovery from the pandemic

Life without LVMH? How Tiffany might fare without the French luxury giant

The deal would have been the biggest-ever in the global luxury industry, allowing Tiffany to quickly expand its global presence and invest more money in spruced-up stores

Spain's new draft law aims to tax services like Whatsapp based on revenue

Levies would be imposed on instant messaging providers in the same way as it is on telecoms operators, according the draft law published on Friday

Govt plans secondary listing for firms joining foreign markets: Report

India said in March it would allow local firms to directly list abroad to better access foreign capital for growth, but the rules have yet to be decided

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

Global LNG demand to rise for few decades, Covid a temporary blip: industry

Demand for liquefied natural gas is set to increase steadily for several decades helped by economic growth in Asia, industry executives said, with Covid-19 pandemic seen as only a short-term setback

Evidence of further surveillance at Credit Suisse mounts up: Report

The bank had hoped that the departure of Thiam over the scandal and his replacement with Thomas Gottstein, a Credit Suisse veteran, would draw a line under the affair