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WeWork gets new $1.1 billion commitment from SoftBank, cuts cash burn rate

Revenue in the quarter reached $882 million, a 9% increase from a year earlier

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

TikTok deal must benefit US and ensure 'total security,' says Trump

Trump made the remarks after issuing an executive order banning transactions with TikTok's Chinese parent Bytedance

22% of Nepal workforce lost jobs during pandemic, senior banker says

Nepal imposed a nationwide lockdown in March after reporting two confirmed cases of the novel coronavirus

IEA cuts 2020 oil demand forecast by 140,000 bpd over aviation sector woes

The Paris-based IEA slashed its 2020 outlook by 140,000 bpd to 91.9 million bpd, its first downgrade in several months

Taiwan to increase defence spending as China details combat drills

China has stepped up its military activity near Taiwan, which it regards as a breakaway province

French unemployment rate hits 37-year low in Q2 2020 as lockdown bites

The jobless rate fell to 7.1%, from 7.8% in the first quarter, dropping to its lowest since the second quarter of 1983, when it stood at 7.0%

Gems, jewellery exports slump 38% to $1.36 bn in July as Covid-19 bites

India's cut and polished diamond exports in July fell 39% from a year ago to $918.4 million, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement

World needs to spend at least $100 bn on new tools to fight Covid-19: WHO

More than 20.69 million people have been reported to be infected by the novel coronavirus globally and almost 750,000 have died, according to a Reuters tally

US weekly jobless claims fall below 1 mn for the first time in Covid-19 era

President Donald Trump on Saturday signed an executive order, including extending the supplement, though he reduced the weekly payout to $400

High retail inflation in July on food price hike dims chances of rate cut

India's economy is expected to contract more than 4.5% in the current fiscal year, but some analysts do not expect the central bank to cut rates further this year

ByteDance news app censored 'anti-China' content in Indonesia: Report

Articles from partner media outlets that were perceived as critical of the Chinese government would either not be republished on the BaBe app or would be taken down from the app

AstraZeneca says could begin Covid-19 vaccine production early in 2021

AstraZeneca Mexico's head said that Phase III trials were expected to conclude by November or December

SoftBank-backed real estate firm KE Holdings raises $2.12 bn in US listing

SoftBank-backed Chinese owner of real estate platforms KE Holdings Inc on Thursday raised $2.12 billion in a U.S. initial public offering that was priced above the target range

Lenovo sails past expectations with 31% first-quarter profit jump

Consumers stuck at home are also spending more on PCs and other smart devices for entertainment purposes, the Chinese giant said

Zydus Cadila launches India's 'cheapest' remdesivir at Rs 2,800 per vial

Zydus is the fifth company to launch a copy of the antiviral in India after privately held Hetero Labs Ltd, Cipla, Mylan NV and Jubilant Life Sciences Ltd

ByteDance in talks with Reliance for investment in TikTok: Report

The government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its "sovereignty and integrity" after border tensions with China

China extends anti-dumping tariff on Indian fibre optic product for 5 years

China previously slapped an anti-dumping tariff on the same Indian product for five years until mid-August of 2019 and then had a review of the case

US economic recovery to be muted until Covid is contained: Fed officials

Consumer spending will probably remain weak relative to the past as people avoid activities that require high levels of social interaction for health reasons, Boston Fed President Eric Rosengren said

US leaves tariff on Airbus unchanged at 15%, on other European goods at 25%

The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.