Business

Federal safety investigators said Thursday that the pilot of a skydiving plane that crashed in 2019, killing all 11 people on board, had not received training to become a competent pilot.

Musk is a major shareholder of the electric car company and has benefited from Tesla's surging share price over the last year. CNBC estimated Musk's wealth at $185 billion.

Portugal is confident the European Commission will approve its plan to rescue ailing flag carrier TAP, Finance Minister Joao Leao said in an interview, adding that he expected that green light by the end of March.

Japan's Kirin Holdings said on Thursday it was undecided on the future of its Myanmar beer business after a thirdparty probe into its local partner's military connections ended with inconclusive results.

Deal making among oil and gas producers was at its highest for the year in the fourth quarter of 2020 as the pandemicdriven fallout in commodity prices spurred a wave of consolidation between explorers looking to scale up and drive down costs, a report fr...

Italy's government is working on a plan to take on about 14 billion euros ($17.27 billion) of UniCredit's nonperforming loans to make a deal for stateowned Monte dei Paschi more attractive to the country's secondbiggest bank, sources said.

U.S. private companies unexpectedly shed workers in December for the first time in eight months as outofcontrol COVID19 infections unleashed a fresh wave of business restrictions, keeping consumers from restaurants, bars and other services industry establ...

Activity in Japan's services sector extended its run of declines to the 11th month in December, a private sector survey showed, as a new wave of coronavirus infections led to a contraction in business conditions.

Saudi Arabia will make additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.

American Airlines is banning emotionalsupport animals in a move that will force most owners to pay extra if they want their pets to travel with them.

Britain will make 4.6 billion pounds ($6.2 billion) worth of grants and financial support available to companies in sectors such as hospitality, retail and leisure to try to help them survive a new COVID19 national lockdown.

A global stock index fell on Monday, the first trading day of the new year, pulling back after recent gains to record highs, and the U.S. dollar was near flat.

Shareholders in Fiat Chrysler (FCA) and Peugeot owner PSA gave their blessing on Monday to a $52 billion megamerger, one of the last steps towards creating Stellantis, the world's fourth largest automaker.

China's Advaccine Biopharmaceuticals Suzhou Co Ltd will manufacture and sell Inovio Pharmaceuticals Inc's COVID19 vaccine candidate in the country, the companies said on Monday.

Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cashandstock deal to beef up its portfolio of imaging sensor technology.

Health insurer Centene Corp said on Monday it would buy Magellan Health Inc in a deal valued at $2.2 billion, including debt, to strengthen its business that provides mental health services.