Page 1323 - Reuters/workspace/business Standard Web/video

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

WHO expects results from Covid-19 drug trials within two weeks

Mike Ryan, head of the WHO's emergencies programme, said it would be unwise to predict when a vaccine could be ready against Covid-19

UK allows quarantine-free travel to nearly 50 countries; India, US excluded

Those arriving from higher risk countries will still have to self-quarantine for 14 days under a rule which has angered airlines and travel companies.

US reports 55,000 Covid-19 cases in a day, hits new global record

A surge in coronavirus cases over the past week has put President Donald Trump's handling of the crisis under the microscope

China appoints hardliner Zheng Yanxiong as Hong Kong security chief

Zheng Yanxiong, 56, most recently served as the secretary general of the Communist Party committee of Guangdong province

Emmanuel Macron names Jean Castex as new French PM in major reshuffle

Castex, 55, hails from the centre-right of French politics and served for two years as the second-highest ranking official in the Élysee Palace during Nicolas Sarkozy's presidency

Down they go: 37 emerging markets cut rates for 17th month in a row

June marked the 17th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013

Bharti, UK govt win auction for satellite broadband operator OneWeb: Report

OneWeb filed for Chapter 11 bankruptcy at the end of March after its biggest investor SoftBank Group Corp pulled funding, with an auction held on Thursday

Gold steadies in tight range as virus fears offset solid US jobs data

The United States reported more than 55,000 new infections on Thursday, a new daily global record in the pandemic that has infected more than 10.89 million people worldwide

China's services sector grows at fastest pace in over a decade in June

China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, though companies continued to shed jobs.

iPhone maker Foxconn says customs clearing procedures in India resolved

Foxconn's customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, Foxconn said in a filing to Taipei stock exchange

India's services activity stayed in deep contraction in June: PMI

June was the fourth straight month the index was sub-50, the longest such stretch since a ten-month run to April 2014

In cloud clash with Alibaba, underdog Tencent adopts aggressive tactics

Tencent began to display a new level of aggressiveness after positioning its cloud business as a major area of growth in September 2018, and that has only amped up amid the pandemic, employees say

JP Morgan drops terms 'master', 'slave' from internal tech code & materials

The terms had appeared in some of the bank's technology policies, standards and control procedures, as well in the programming code that runs some of its processes

UK factories increasingly plan lay-offs, to recover from Covid-19: Survey

The survey showed only a slight improvement in gauges of revenue and new orders

Tesla denies reports of firing employees who chose to stay at home

Tesla's protective measures meet and exceed county, state and federal guidelines, the company said

US lifts Venezuela-related sanctions imposed on shipping firms, tankers

A Treasury representative said the delisted entities had committed to cease involvement in the Venezuelan oil sector as long as Maduro, who is accused of rigging his 2018 re-election, remains in power

Crude oil falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

OPEC basket oil price rises above $40 for first time in 4 months

The basket price stood at $42.66/bbl on July 1, almost 12% higher than the previous day, and the highest since March 3, the data showed

Unemployment gap between black and white Americans widest in 5 years

Jobless rates for both groups fell in June, but the rate for whites came down at a much faster rate