Business

U.S. President Donald Trump said on Tuesday that Oracle Corp is a good company and could take over popular Chineseowned social media app TikTok in the United States, after he issued an order mandating its sale in 90 days.

Indian Oil Corp, the country's top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said.

Maersk on Wednesday reinstated fullyear guidance above its forecast at the beginning of the year, even as the shipping group expects demand for moving containers at sea to remain below normal levels in the third quarter.

The head of Germany's vaccines regulator said some groups of people living in Germany could be vaccinated early next year against the coronavirus that has killed almost 800,000 worldwide and wreaked havoc on the global economy.

BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirusled downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates.

Micro, small and medium enterprises (MSMEs) comprising manufacturing and services units need to get registered to avail the benefits and subsidies offered under various government schemes.

Global equities wavered and the dollar fell to twoyear lows on Tuesday as the broad U.S. stock market briefly scaled new peaks on betterthanexpected corporate earnings but soon retreated on an economic outlook burdened by the coronavirus pandemic.

Musk has gone past French luxury tycoon Bernard Arnault, the chairman of LVMH Moët Hennessy and the richest non-American on the Bloomberg Billionaires Index.

France's champagne makers reached a lastminute agreement on Tuesday to cut the volume of grapes they will harvest this year by more than a fifth as they try to cope with a collapse in sales caused by the coronavirus crisis.

The U.S. dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, reaching its lowest level in over two years, under pressure from low yields and bleak economic data in the United States.

Europe's bluechip stocks rebounded on Tuesday, helped by gains for COVID19hit sectors such as travel and leisure, while the dollar slid on concern further U.S. fiscal stimulus could face political deadlock.

Gold rose 1% on Tuesday, climbing back above the $2,000 level breached earlier this month, as the dollar touched a more than twoyear low and investors awaited details of the U.S. Federal Reserve's strategy to combat a pandemicinduced economic slump.

I havent set foot in a grocery store in nearly four months.

Josh Black was looking for the next lucrative deal after scoring a 500% profit in a few weeks by investing in electric truck maker Nikola Corp following the announcement of its merger with a blankcheck acquisition company.

French media group Lagardere's board extended its managing partner Arnaud Lagardere's tenure for four more years, pushing back against shareholder pressure for new leadership by moving ahead with the renewal ahead of schedule.

British retailer Marks & Spencer said on Tuesday it plans to cut a further 7,000 jobs, dealing the latest blow to the country's beleaguered retail sector from the COVID19 crisis.