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Amazon lays off dozens of staff at Prime Air drone project, says report

The US retailer has been working on a plan to deliver goods to millions of its customers by using a fleet of unmanned drones

Wall Street futures dip as Mnuchin pulls plug on pandemic lending programs

US stock market futures dropped after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal Reserve' pandemic emergency lending programs

Airlines need another $80 billion in aid to survive: Global industry body

A return to mass travel remains many months away, airlines say

Amazon bows to French pressure to push back 'Black Friday' sales

Competition from Amazon first prompted European retailers to adopt the U.S. tradition of making Black Friday - the day after U.S. Thanksgiving - the kickoff to the holiday shopping season

Trump, Xi to meet at virtual Asia Pacific forum as trade spat endures

The pair will be at a meeting of the leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC) hosted virtually by Malaysia just two weeks after Trump lost his re-election bid

US coronavirus wildfire hitting jobs as broad recovery trudges on

Still, the surge in cases appears to have capped the U.S. economic rebound, according to high-frequency data tracked by economists for real-time evidence about the recovery.

US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan

Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge

Oil slips a second day as coronavirus cases spiral amid stimulus talks

US oil prices slipped, but prices were supported by signs of movement on a stimulus deal in Washington

Large Boeing 737 MAX customers signal caution on orders amid Covid-19

When the 737 MAX was grounded globally in March 2019 following two fatal crashes, airlines canceled flights because they lacked enough airplanes to meet strong travel demand

Most US firms in China optimistic about Biden administration: Biz group

Over 60% of American businesses in China are more optimistic about doing business in China after the results of the United States presidential election

US Covid-19 hospitalisations jump 50% in 2 weeks, ushering in new shutdowns

Nearly 79,000 people were being in treated for the disease in hospitals across the country on Thursday, a Reuters tally showed, the most at any time during the pandemic

Verizon, Apple partner to swap out corporate-owned phones for 5G iPhones

The companies said the "Fleet Swap" program can be used to replace a business' corporate-owned devices from Verizon or other carriers at 'zero upfront cost, with zero to low cost per month.'

Facebook estimates hate speech seen in 1 out of 1000 views on its platform

Facebook also said it took action on 22.1 million pieces of hate speech content in the third quarter, about 95% of which was proactively identified

G20 leaders urge to provide funds for Covid-19 vaccines, drugs, tests

The letter also called on G20 leaders to commit jointly to "a proportion of future stimulus" spending on the tools, which are particularly aimed at securing supplies for lower income countries

Direct Brexit talks suspended after EU team member tests Covid-19 positive

The Commission has held off on updating Brexit contingency plans amid the final push for a deal.

Sebi demands Rs 62,600 cr from Sahara in Supreme Court petition

Sahara and its chief Subrata Roy have been in the spotlight recently after they got a district court to stall the release of Netflix's series "Bad Boy Billionaires" featuring Roy, among others

British govt announces largest military investment since Cold War

Prime Minister Boris Johnson said the extra spending reflected the need to upgrade military capabilities, with plans for a new space command and artificial intelligence agency

250,000 lives lost in US as Covid death toll surpasses grim new milestone

Governor Tim Walz of Minnesota ordered all restaurants, bars, fitness centers and entertainment venues closed, and all youth sports canceled, for four weeks

Pak's new internet rules gives wider powers of censorship, draw criticism

The new rules were approved initially by Prime Minister Imran Khan's cabinet in February

Wall St drops at open on surging Covid cases, rise in weekly jobless claims

Wall Street's main indexes opened lower on Thursday as surging Covid-19 cases and an unexpected rise in weekly jobless claims raised fears of stalling growth in the world's largest economy