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US to pay over $1 bn for 100 mn doses of J&J's potential Covid-19 vaccine

J&J has already received $1 billion in funding from the US

Oil prices at five-month high on big drop in US crude stocks, weak dollar

Brent crude was up $1.50, or 3.4 per cent, at $45.93 a barrel

Zara owner Inditex says will ensure payments, safety of supply chain

Inditex reiterated a commitment to ensuring health and safety standards were met and collective bargaining rights and workers' rights to unionise maintained throughout its supply chains

Boeing slashes production of widebody jets as Covid-19 hammers sales

The production cuts reflect concern among aviation companies across the board about the pace of the coronavirus recovery

Fed pledges to keep rates near zero, says recovery will depend on Covid-19

The Federal Reserve also said it is open to use its 'full range of tools' to recover from the fallout from the coronavirus outbreak

Oil gains on sharp US crude inventory drop; Covid-19 keeps surge in check

Brent crude futures gained 35 cents to $43.57 a barrel by 10:57 a.m. EDT (1457 GMT). US West Texas Intermediate crude futures were up 18 cents to $41.22.

Wall Street rises on upbeat earnings as Fed looms; Nasdaq up over 1%

Of the 163 S&P 500 firms that have reported results, 79.1 per cent have surpassed a low bar of quarterly profit expectations, according to Refinitiv IBES data

Sanofi lifts earnings view as Regeneron stake sale boosts second quarter

Sanofi is working on two of the more than 150 potential Covid-19 vaccines being developed across the world

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

Heathrow tells UK: Do passenger testing or lose 'quarantine roulette'

Quarantine rules are in place for arrivals to Britain from the United States

GSK profit misses as vaccine sales disappoint, stockpiling eases

The company said it still expects adjusted earnings per share for the year to decline in the range of 1% to 4%

Bharti Airtel posts Q1 loss of Rs 15,900 cr; revenue up 15% on data usage

Consolidated revenue rose to Rs 23,939 crore in the three months ended June 30, compared with Rs 20,738 crore a year ago

Price of coronavirus vaccine to ensure broad access, says Moderna

Moderna executives also said the enrollment for the late-stage trial was on track and the company had seen tremendous interest from clinical sites

Rolls-Royce plans $1.9 billion share issue to bolster finances, says Report

Rolls-Royce, which makes engines for the Boeing 787 and Airbus 350, said it would burn through 3 billion pounds in the first half of the year

General Motors posts smaller-than-expected Covid-19 hit in second quarter

GM did not provide a earnings forecast for the year, but said it ended the second quarter with $30.6 billion in cash

4 of Big Tech CEOs to testify before US Congress in antitrust showdown

Subcommittee Chairman David Cicilline has been looking in to allegations by critics that the companies have hurt competitors and consumers with their business practices

ByteDance investors value TikTok at about $50 billion in takeover bid

ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders

Rio Tinto touts 'V-shaped' China recovery as it beats profit expectations

Iron ore accounted for 96% of Rio's underlying earnings

Spotify's paid subscribers hit 138 mn as music streaming demand rebounds

Analysts on average were expecting the company to have 136.4 million paid subscribers

How Covid-19's crippling effects are crushing govt funds, credit ratings

Almost 975 of those downgrades have been directly affected by Covid or the partly related collapse in oil prices. If cuts to rating outlooks are also added, that number rises to 1,939