Business

United Airlines is preparing to furlough 16,370 workers when federal aid expires on Oct. 1 as the coronavirus pandemic continues to devastate the airline industry, it said on Wednesday.

A gauge of global stocks gained to hit an intraday record on Wednesday as investors looked to improving economic data and anticipation that Washington would be able to provide more stimulus to support the recovery from coronavirus lockdowns.

An internal investigation by Toshiba Corp has found about 1,300 postal voting forms for its annual meeting went uncounted, two people familiar with the matter said, adding to concerns about potential governance breaches at the Japanese conglomerate.

Domino's Pizza Group on Wednesday appointed interim Chief Financial Officer Neil Smith to the role on a permanent basis to replace David Bauernfeind, who died in a snorkelling accident last year.

Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic.

Australia fell into its deepest economic slump on record last quarter as coronavirus curbs paralysed business activity, while fresh outbreaks threaten to upend any immediate recovery, piling pressure on the government to keep fiscal taps open.

Bayer AG has asked California's Supreme Court to review a decision awarding $20.5 million to a groundskeeper who claimed the company's Roundup weedkiller caused his cancer, arguing the ruling was at odds with federal law and settled legal principles.

Gold prices edged up on Tuesday as the dollar weakened, although a betterthanexpected U.S. manufacturing data improved hopes about a U.S. economic recovery and pulled the metal down from a near twoweek high.

Trading firm Traxys has won a tender to sell cobalt metal for Wheaton Precious Metals, two sources familiar with the matter said, in a deal that propels it into the big league to rival the likes of Glencore in the valuable commodity.

U.S. President Donald Trump on Tuesday said his administration would help airlines facing sharp downturns in traffic as a result of the novel coronavirus pandemic, but gave no details.

Samsung's second attempt at a foldable smartphone will come with a $2,000 price tag and a few elite perks aimed at affluent consumers still able to afford the finer things in life during tough times.

Germany expects the economic devastation caused by the COVID19 pandemic to be less severe than originally feared this year, but it sees a weaker rebound for Europe's largest economy next year due to sluggish foreign demand.

Geely Automobile Holdings Ltd has applied for a public share sale on Shanghai's Nasdaqstyle STAR Market, exchange filings published on Tuesday showed.

Low yields at home are sending some previously shy European investors into Asia's credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies can hold defaults at bay.

Aviation training specialists, which saw simulator sales plummet when the coronavirus pandemic brought air travel to a near halt, are getting some relief from an uptick in demand from cargo carriers and airlines gearing up for the Boeing 737 MAX's return...

Getting an Amazon packaged delivered from the sky is closer to becoming a reality.