Business

The European Central Bank rolled out yet more stimulus measures on Thursday to lift the currency bloc out of a doubledip recession and provide support to the economy while its 350 million people wait for coronavirus vaccines to be deployed.

Major banks in the European Union will have to collectively find 9.4 billion euros ($11.4 billion) by 2028 to plug a capital shortfall that will emerge under pending rules, the bloc's banking watchdog said on Thursday.

S&P Dow Jones Indices on Thursday became the second major index provider to remove some Chinese companies from its index products following a Trump administration executive order, in the latest market disruption from persistent SinoU.S. tensions.

Gold prices on Wednesday retreated from a twoweek peak scaled in the previous session as optimism on COVID19 vaccine developments led investors to opt for riskier assets such as equities.

The European Union wants to strike a deal this week on a new target to slash greenhouse gases, but the plan has become entangled in a budget dispute threatening to block its climate ambition.

DoorDash is capping a year of explosive growth with an initial public offering of its stock, hoping to keep the momentum going even if demand for food delivery eases in a post-pandemic world.

Spot gold fell 0.3% to $1,865.46 per ounce by 0309 GMT, after hitting its highest since Nov. 23 at $1875.07 on Tuesday, while U.S. gold futures eased 0.3% to $1,870.20.

Asian shares rose to a record high and U.S. stock futures gained on Wednesday as investors tracked positive news on COVID19 vaccines and ongoing efforts to launch more fiscal stimulus.

Prominent cybersecurity firm FireEye said Tuesday it was hacked by what it believes was a national government.

Researchers at an cybersecurity firm say they have identified vulnerabilities in software widely used by millions of connected devices flaws that could be exploited by hackers to penetrate business and home computer networks and disrupt them.

A second U.S. judge late on Monday granted a preliminary injunction blocking the U.S. Commerce Department from imposing restrictions on Chineseowned short video sharing app TikTok that would have effectively barred its use in the United States.

Airbnb Inc expects to raise up to $3.09 billion in a stock market launch later this week after boosting its price range, capping a stunning recovery in its fortunes after it was heavily damaged by the COVID19 pandemic earlier this year.

World shares and other risk assets fell on Monday as growing risks of a nodeal Brexit that hit the pound hard and fresh SinoU.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.

Booming car sales drove a strongerthanexpected jump in German industrial output in October, in a further sign that the exportoriented manufacturing sector helped Europe's largest economy to get off to a solid start in the fourth quarter.

In the previous month, Adani Ports managed cargo volume of 24 mmt, including three mmt handled at Krishnapatnam Port.

Airbnb is requiring most professional hosts outside North America to include all service fees in the rate presented to guests, a move that mirrors how rival platforms operate.