Business

Oil climbed for a second day on Thursday in light holiday trade as a drawdown in U.S. stockpiles of crude and gasoline raised demand hopes, while hints of an imminent Brexit deal raised investors' risk appetite.

Britain and the European Union remained divided over competition and fishing on Wednesday as they tried to clinch a Brexit trade deal in time to avoid a turbulent split at the end of the year.

Prominent U.S. lawmakers warned a Pacific ally that China risked undermining the security of a sensitive undersea cable project if a cutprice, statebacked bid wins a tender process overseen by development agencies, a letter reviewed by Reuters shows.

Sweden may have too many shops and offices after the pandemic. It doesn't have enough homes. It spies an opportunity.

The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.

Can employers make COVID-19 vaccination mandatory?

Britain said there was plenty of food in the shops on Tuesday but industry groups repeated warnings of shortages of some fresh produce from next week unless freight routes to mainland Europe are swiftly restored.

A gauge of equities around the world fell on Monday and oil prices plunged as concerns about a new coronavirus strain in Britain overshadowed optimism over a vaccinefueled rebound in economic growth.

Apple on Saturday said it has placed Wistron on probation and the company will not receive any new business from it before they complete corrective actions, citing its preliminary findings that indicate violations of Supplier Code of Conduct by failing to...

Royal Dutch Shell on Monday it will write down $3.5 to $4.5 billion in the value of oil and gas assets in 2021, the latest in a string of impairments this year as it adjusts to a weaker outlook.

Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry.

Oil dipped towards $51 a barrel on Friday though still headed for a seventh weekly gain in a row as investors focused on the rollout of COVID19 vaccines and looked past rising case numbers and tighter lockdowns in Europe.

Hong Kong's Cathay Pacific Airways Ltd is expanding its cold storage facilities at its cargo terminal to allow it to temporarily hold more than 8.6 million vaccine doses a day as countries begin approving COVID19 vaccines.

Home Depot Inc. will pay a $20.8 million fine for failing to ensure that its contractors follow lead paint rules. The civil penalty announced Thursday by the Environmental Protection Agency is the largest such penalty to date under the Toxic Substances Co...

The Bank of England kept its stimulus programme unchanged on Thursday as it awaited the outcome of Britain's negotiations with the European Union over a postBrexit trade deal.

Boeing Co is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20month safety ban, according to a recruitment document seen by Reuters and people familiar with the move.