Page 1246 - Reuters/workspace/business Standard Web/video

Brazilian prosecutors sue Maersk over corruption, seek to freeze $200 mn

Prosecutors said there was evidence of bribe payments to Petrobras employees in exchange for privileged information that allowed Maersk to secure shipping contracts

No deal on Brexit trade 'very very likely', says British PM Johnson

Britain quit the EU in January but remains an informal member until December 31

Oil pulls back amid New York coronavirus curbs, gains for a 6th week

Brent futures settled down US28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high

Hyundai chairman, Group to buy Boston Dynamics from SoftBank for $1.1 bn

The South Korean automaker group said on Friday the purchase would help it expand automation in its vehicle factories and design autonomous cars, drones and robots

Airbnb hosts see windfall in just few hours from wild listing-day gains

Airbnb reserved $238 million worth of stock for its hosts, according to company filings

In China men's skincare boom, start-ups & investors seek rich glow

Drawing on the huge reach of online retailers like Alibaba and JD.com, at least 10 new Chinese male skincare brands have been set up this year, said media reports

Bank of England prepares armoury for Brexit disorder, Covid-19 crisis

Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any market disruptions

US FDA nod for Pfizer's Covid-19 vaccine 'in days' after panel's support

A panel of outside advisers to the FDA on Thursday voted overwhelmingly to endorse emergency use of the vaccine, paving the way for the agency to authorize the shot

Strong possibility UK, EU would fail to make new trade deal: Boris Johnson

British PM Johnson said there was "a strong possibility" Britain and the EU would fail to strike a new trade deal, but vowed to do whatever he could to avoid a tumultuous split in three weeks

Sanofi-GSK delay Covid-19 vaccine to late 2021 in setback to global fight

The two companies said they planned to start another study next February, hoping to come up with a more effective vaccine

AstraZeneca to test combining Covid-19 vaccine with Russian shot

Trials to start by the end of the year

Oil prices set for weekly gain amid coronavirus vaccine rollouts

Brent was up 30 cents or 0.6 per cent at $50.55 a barrel by 1:22 pm IST, after gaining nearly 3 per cent on Thursday

Carlsberg, SABMiller, UB colluded to fix beer prices in India: CCI report

Top executives of Carlsberg, SABMiller and India's United Breweries exchanged commercially sensitive information and colluded to fix beer prices in India for 11 years, according to an antitrust report

No deal on Brexit trade more likely than agreement - EU Commission chief

Britain quit the EU in January but remains an informal member until Dec 31

UK Supreme Court enables $18.5 billion class action against Mastercard

The judgment dismisses an appeal by Mastercard

Cuba to drop dual currency in its first devaluation since revolution

Cuba said it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rate system in a bid to improve business conditions

Airbnb valuation surges past $100 billion in biggest US IPO of 2020

Shares of Airbnb more than doubled in their stock market debut, valuing the home rental firm at just over $100 billion in the biggest US initial public offering of 2020

Billionaire financier Joseph Safra, Brazil's richest man, dies at 82

Safra, who arrived in Brazil as a teenager more than five decades ago, ranks as the world's wealthiest banker, with an estimated fortune of $19.9 billion

US FDA advisory panel meets on Pfizer's Covid-19 vaccine emergency use

The committee of outside experts is expected to vote on whether the vaccine, developed along with German partner BioNTech, has shown effectiveness in preventing Covid-19

Gilead to acquire German biotech firm MYR for about 1.15 billion euros

The deal will also include a potential future milestone payment of up to 300 million euros